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 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 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
Japan’s benchmark Nikkei 225 index concluded the trading session with a gain of 1.23%, reaching 50,167.1, primarily driven by advancements in technology stocks. Meanwhile, the Topix index experienced an increase of 0.39%, finishing at 3,368.57. Among the top movers were Advantest, which increased by 4.88%, tech conglomerate SoftBank Group, which rose by 3.57%, and Lasertec, Read More
On Monday, the Asia-Pacific markets exhibited a mixed performance following indications from New York Federal Reserve President John Williams that a third rate cut could be on the horizon this year. On Friday, Williams indicated that the Federal Reserve might consider reducing its key interest rate, as the fragility of the labor market presents a Read More
