Author Archive

Lim Hui Jie

Key Points

• South Korea, Hong Kong, and mainland Chinese markets are closed for a public holiday Tuesday.
• Business optimism among large Japanese manufacturers was unchanged, while sentiment among large non-manufacturers in Japan improved, inching up to +34 from +33 in the third quarter.

Read More

Lim Hui Jie

Key Points

• China’s CSI 300 rallied 8.48%, powered by health-care and tech stocks and closing at 4,017.85.
• This marks a nine-day winning streak, its best day since September 2008 and its highest point since August 2023.
• Japan’s Nikkei 225 tumbled nearly 5% on Monday and the yen weakened against the dollar as traders reacted to the results of the ruling Liberal Democratic Party election last Friday.

Read More

Sam Meredith@in/samuelmeredith@smeredith19 & Holly Ellyatt@HollyEllyatt

LONDON — European stocks were higher Thursday morning, spurred on by overnight gains in Asia-Pacific markets.

Read More

Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day.

Read More

Lim Hui Jie & Evelyn Cheng

@in/evelyn-cheng-53b23624@chengevelyn

Key Points

• Chinese stocks extended gains after state media announced that China’s top leaders had affirmed the government’s latest efforts to support the economy.
• Mainland China’s CSI 300 extended extended its winning streak to the seventh day, hitting its highest levels in about four months after China’s top leaders held a meeting that affirmed the government’s latest stimulus efforts
• South Korea’s Kospi jumped 1.9%, powered by gains in chip maker SK Hynix, which announced it has begun mass production of the world’s first 12-layer HBM3E chip, used in AI memory applications.

Read More

Gold rose 1% and hit a record high on Tuesday, building on its recent rally as Middle East tensions fed its safe-haven appeal, while investors latched on to fresh cues for more U.S. interest rate cuts.

Read More

Lim Hui Jie

Key Points

• On Wednesday, the PBOC slashed the medium-term lending facility rate to 2% from 2.3%.
• Australia’s consumer price index posted a 2.7% rise year on year in August, in line with expectations from economists polled by Reuters and easing from the 3.5% rise in July.

Read More

Holly Ellyatt@HollyEllyatt

LONDON — European stocks traded higher Tuesday, buoyed by China’s central bank monetary stimulus measures, and brushing off concerns over Europe’s growth outlook.

Read More

Gold prices steadied on Tuesday after surging to a record high in the previous session, following broadly dovish comments from U.S. Federal Reserve officials and escalating tensions in the Middle East.

Read More

Lim Hui Jie

Key Points

• The People’s Bank of China announced it will reduce the reserve requirement ratio by 50 basis points, among other measures.
• Australia’s central bank held its benchmark policy rate at 4.35%, in line with expectations from economists polled by Reuters.

Read More