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
