Stock markets in the Asia-Pacific region predominantly declined, reflecting the losses observed in the S&P 500 and the technology-focused Nasdaq during the previous trading session. Australia’s benchmark index experienced a decrease of 0.65%, settling at 8,869.1. South Korea’s Kospi experienced a slight increase, reaching 5,224.36, whereas the small-cap Kosdaq declined by 1.29%, settling at 1,149.44. Read More
Asian markets experienced a rebound following U.S. President Donald Trump’s retraction of his threat to impose tariffs on European nations concerning Greenland. At the World Economic Forum in Davos, Trump stated that he would refrain from using force to acquire the Arctic island, thereby alleviating concerns regarding potential U.S. military action. He also mentioned that Read More
Asia-Pacific markets experienced a downturn on Wednesday, with investors gravitating towards safe havens following U.S. President Donald Trump’s threats of new tariffs on nations opposing the transfer of Greenland to the United States. Spot gold prices increased by more than 1%, reaching a record high of $4,813 per ounce. Hong Kong’s Hang Seng index experienced Read More
On Tuesday, Asia-Pacific markets experienced a decline as investors evaluated the implications of renewed U.S. tariff threats associated with Greenland, which heightened concerns regarding escalating trade tensions with Europe. European states are reportedly deliberating counter-tariffs and more extensive punitive economic measures in reaction to new tariff threats from President Donald Trump, which further exacerbates tensions Read More
Asia-Pacific markets exhibited a mixed performance on Thursday as investors evaluated the recent policy decision by the Bank of Korea. South Korea’s central bank maintained its benchmark interest rate at 2.50%, aligning with forecasts, as the recent depreciation of the won has limited the scope for policy easing. The country’s benchmark index experienced an increase Read More
Asian defense stocks halted a two-day upward trend in the context of mixed trading across the region, as investors remained engaged in evaluating geopolitical risks following the U.S. strike on Venezuela and the resurgence of discussions surrounding Greenland. In Japan, shares of Kawasaki Heavy Industries experienced a decline of 2.11%. South Korea’s Korea Aerospace experienced Read More
On Monday, Asian market experienced a significant increase, reaching their highest levels in six weeks. Concurrently, the U.S. dollar hovered near a nearly three-month low, driven by expectations that the Federal Reserve may reduce interest rates next year. This outlook has also contributed to a robust rally in precious metals. Silver experienced a significant increase, Read More
Asia-Pacific markets experienced an upward trend on Friday, as numerous exchanges in the region remained closed in observance of the Boxing Day holiday, while precious metals sustained their year-long rally. Spot gold increased by as much as 1%, reaching a record high of $4,530 per ounce on Friday, and was last trading at $4,508 per Read More
Asia-Pacific markets experienced an uptick on Monday as investors analyzed the decision of China’s central bank to maintain its loan prime rates at current levels. The People’s Bank of China maintained its 1-year and 5-year loan prime rates at 3% and 3.5% respectively, marking the seventh consecutive meeting without change, consistent with a Reuters survey. Read More
