Chinese Stocks Drop , Dollar Bounce Drags Down Asia – Asia Market Wrap
Asia’s stock market saw losses led by Chinese companies, and the yuan plummeted to a four-month low as investors struggled with a subpar corporate outlook and indications that Beijing is loosening its control over the currency. The Hang Seng Tech Index dropped …
Asia Stocks at Highest Since 2022 on Fed Signals – Asia Market Wrap
Asian equities rose to their highest level in almost two years after the Federal Reserve signalled that it may lower interest rates three times this year, despite rising inflation. A barometer of Asian equities soared to a level not seen since April …
Stocks Range-Bound Ahead of Fed Meet, Yen Falls – Asia Market Wrap
Chinese stocks rose after the country’s banks left their benchmark lending rates unchanged. The focus is on a number of major earnings, including those from Tencent. Australian shares fell while Japanese markets were closed for a holiday. European futures sank alongside US …
Yen Slides as BoJ Raises Rates, First in 17 Years – Asia Market Wrap
The yen fell after the Bank of Japan ended the world’s final negative interest rates in a widely expected move, but leaving financial conditions easy for now. Japan’s central bank established a new policy rate range of 0% to 0.1%, cancelled its …
Japanese Shares Climb as BoJ Set to Raise Rates – Asia Market Wrap
Asian stocks rose, driven by Japanese shares, as investors waited for policy decisions from Japan and the United States this week for short-term trading cues. The MSCI Asia Pacific Index rose, boosted by a rebound in Japan, with the tech-heavy Nikkei 225 …
Stocks Fall as Rate Cut Bets Weaken, Copper Surges – Asia Market Wrap
Asian markets fell after Wall Street losses, as new data undercut the case for anticipated Federal Reserve interest rate reduction. Copper has risen to its highest level in 11 months. Equity benchmarks in Australia and South Korea declined, while those in Hong …
Stocks Struggle for Footing as US PPI Data Awaited – Asia Market Wrap
Stocks in Asia struggled to find direction as investors awaited US inflation data for indications on the Federal Reserve’s interest rate outlook. An Asia Pacific equities index showed little change, with gains in South Korea offset by losses in Hong Kong and …
Asian Stocks Struggle to Extend Wall Street Rally – Asia Market Wrap
Stocks in Asia failed to gain traction as a rise in China stalled and a spate of significant wage-increase negotiations in Tokyo fueled speculation that the Bank of Japan’s interest-rate hike is soon. Shares in mainland China fell, as Country Garden Holdings’ …
Stocks in Tight Ranges Before US CPI, Yen Weakness – Asia Market Wrap
Stocks in Asia were neutral as traders awaited US inflation data that might impact the timing of the Federal Reserve’s shift to monetary easing. The yen declined for the first time in six days as Bank of Japan Governor Kazuo Ueda noted …
Asia Stocks Drop as Japan Tumbles on Stronger Yen – Asia Market Wrap
Asian equities slumped Monday, led by Japanese shares, as rising expectations that the country’s central bank may raise interest rates pushed the yen higher. The Topix index of Japanese shares fell 3%, the most since March last year. Chip stocks within the …
