- September 15, 2022
- By: Admin1_blog
- Asia Market, Indices
Abigail Ng
Shares in the Asia-Pacific mildly roseon Thursday after Wednesday’s negative session. U.S., indexes inched higher overnight and the producer price index showed a decrease in wholesale prices of 0.1% in August amid inflation fears.
The Nikkei 225 in Japan rose 0.16% and the Topix index was 0.15% higher. The Japanese yen
was last trading at 143 against the dollar after a reported “rate check” by the Bank of Japan.
In South Korea, the Kospi added 0.11% and Australia’s S&P/ASX 200
was 0.55% higher.
Mainland China’s Shanghai Composite gained 0.35%, and the Shenzhen Component was fractionally higher. The Hang Seng index
added 0.45%.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | *NIKKEI | 27868.59 | 49.97 | 0.18 |
| .HSI | Hang Seng Index | *HSI | 18952.95 | 105.85 | 0.56 |
| .AXJO | S&P/ASX 200 | *ASX 200 | 6869.5 | 40.9 | 0.6 |
| .SSEC | Shanghai | *SHANGHAI | 3234.16 | -3.38 | -0.1 |
| .KS11 | KOSPI Index | *KOSPI | 2416.04 | 4.62 | 0.19 |
| .FTFCNBCA | CNBC 100 ASIA IDX | *CNBC 100 | 7637.58 | 31.51 | 0.41 |
In China, the central bank kept its one-year medium-term lending facility (MLF) unchanged at 2.75%, as expected. Australia’s unemployment rate for August came in at 3.5%, slightly higher than July.
Australia adds 33,500 jobs in August
Australia added 33,500 jobs in the month of August, a 0.2% increase from July in seasonally adjusted terms. Net employment declined in July.
The nation’s unemployment rate rose to 3.5%, with the youth unemployment rate at 8.4% for the month.
The market participation rate is at 66.6%, marginally higher than the previous month’s 66.4%.
–Jihye Lee
U.S. 2-year Treasury yields hits 3.8% again
The U.S. 2-year Treasury note briefly rose to 3.8% again after reaching its highest level since November 2007 earlier this week.
Short-term bond yields, which are most sensitive to Fed policy, soared following the U.S. inflation report on Tuesday.
The yield on the benchmark 10-year Treasury was also at 3.41% and the yield on the 30-year Treasury bond was at 3.46%.
Yields move inversely to prices, and a basis point is equal to 0.01%.
–Jihye Lee
New Zealand’s growth recovery driven by transport, data shows
Gross domestic product in New Zealand rebounded in the June 2022 quarter, growing 1.7% after shrinking 0.2% in the previous quarter, official data showed.
Transport, postal, and warehousing jumped 19.7%, driven by air transport and transport support services, while arts, recreation and other services grew 9%.
New Zealand eased Covid restrictions earlier this year, including loosening entry requirements for tourists.
— Abigail Ng
CNBC Pro: Morgan Stanley says the S&P 500 is set for a comeback by year-end. These are its top stock picks
U.S. markets had a meltdown on Tuesday — the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of Morgan Stanley Investment Management, who says the S&P 500 could enjoy upside by year-end.
He predicts the level that the S&P 500 will rise to by the year end, and also picks stocks to buy into the “fear.”
— Weizhen Tan
Source : CNBC
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