Asia-Pacific markets experienced an upward trajectory on Friday, following the gains observed, as two significant benchmarks reached new highs in the aftermath of the Federal Reserve’s recent decision to lower interest rates. The central bank on Wednesday reduced its key overnight borrowing rate by 25 basis points, establishing a new range of 3.5%-3.75%. Japan’s benchmark Read More
Asia-Pacific markets relinquished earlier gains to predominantly trade lower on Thursday, in the wake of the Federal Reserve’s third rate cut of the year. The U.S. central bank has lowered the Federal Funds rate by 25 basis points to a range of 3.5%-3.75% and indicated that it has concluded its easing measures for the time Read More
On Wednesday, Asia-Pacific markets exhibited a mixed performance as investors analyzed China’s inflation figures while anticipating the Federal Reserve’s decision regarding interest rates. Hong Kong’s Hang Seng index was last trading 0.22% higher, while mainland China’s CSI 300 closed 0.14% lower at 4,591.83 after China’s consumer prices edged up 0.7% from a year earlier, marking Read More
On Tuesday, markets in the Asia-Pacific region exhibited a predominantly downward trend, reflecting the declines observed. Investors appeared to exercise caution in anticipation of developments in the U.S. The Federal Reserve’s decision on December 10 in the United States. The central bank is anticipated to reduce rates by an additional 25 basis points at its Read More
On Monday, Asia-Pacific markets exhibited a mixed performance as investors analyzed newly released trade data from China. Hong Kong’s Hang Seng Index experienced a decline of 1.12%, whereas the CSI 300 increased by 0.81% to finish at 4,621.75, following a greater-than-anticipated rise in China’s exports for November. Outbound shipments experienced a notable increase of 5.9% Read More
Asia-Pacific markets exhibited a mixed performance on Friday, reflecting the lackluster session observed on Wall Street. Australia’s ASX/S&P 200 experienced an increase of 0.19%, reaching a level of 8,634.6. Japan’s benchmark Nikkei 225 index experienced a decline of 1.05%, closing at 50,491.87, while the Topix also fell by 1.05%, finishing at 3,362.56. Yields on the Read More
Asia-Pacific markets experienced a general uptick on Thursday, following a rise on market driven by optimism regarding a potential interest rate cut by the Federal Reserve next week, spurred by disappointing jobs data. Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions in October, and well below the Read More
SoftBank spearheaded the increase in Japanese technology stocks on Wednesday, following the upward trend of market counterparts, thereby elevating the Nikkei 225 index. SoftBank, a major player in tech-focused investments, increased by over 6%, breaking a three-day sequence of declines. Tokyo Electron of Japan and Lasertec, which provides essential chipmaking equipment to foundries that manufacture Read More
On Tuesday, shares of South Korean automotive firms experienced an uptick following the announcement by U.S. Secretary of Commerce Howard Lutnick, who confirmed that the reduced U.S. auto tariffs of 15% on South Korea would be applied retroactively, effective from November 1. “We are also removing tariffs on aeroplane parts and will ‘un-stack’ Korea’s reciprocal Read More
Asia-Pacific markets commenced December on a mixed note Monday, as traders evaluated new manufacturing data from China alongside increasing anticipations of a U.S. Federal Reserve rate cut this month. Market participants are assigning an 87.4% probability to a quarter-point rate reduction at the forthcoming Federal Reserve meeting scheduled for December 10, as per indication. Hong Read More
