Spot gold prices increased to a new high on Thursday following the U.S. Federal Reserve’s decision to maintain its benchmark rate at a target range of 3.5% to 3.75%. The bullion increased by over 3%, surpassing the $5,500 per ounce threshold for the first time. Markets in the Asia-Pacific region experienced a general upward trend Read More
Asia-Pacific markets experienced an uptick on Friday, following the upward trajectory of US Market, as geopolitical tensions subsided and investors evaluated the Bank of Japan’s choice to maintain its interest rates at current levels. Japan’s central bank maintained its key policy rate at 0.75% as the nation approaches an election in which Prime Minister Sanae Read More
Asia-Pacific markets concluded the trading session predominantly in the red on Wednesday, diverging from US Markets, which experienced gains in key benchmarks following the release of stronger-than-anticipated economic growth figures. Japan’s Nikkei 225 experienced a decline of 0.14%, concluding at 50,344.1, whereas the Topix fell by 0.46%, finishing at 3,407.37. Reports says that the country Read More
Japan’s equities and bond yields surged after the central bank lifted its policy rate to the highest level in three decades, a move taken as inflation has remained persistently above target for nearly four years. The Bank of Japan raised benchmark rates by 25 basis points to 0.75%, the highest since 1995, in line with Read More
The Asia-Pacific market experienced a widespread decline on Tuesday, mirroring the downturn observed as investors persisted in reallocating their portfolios away from the artificial intelligence sector in the United States. Shares of AI plays, such as Oracle and Broadcom, experienced declines of over 5% and 2% respectively, while Microsoft also recorded some losses. In Asia, 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
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
