Category Archive

Lim Hui Jie & Charmaine Jacob@IN/CHARMAINEMARIAJACOB@CHARMAINEMJACOB

KEY POINTS

• Asia-Pacific markets mostly rose, with the Taiwan Weighted Index crossing the 23,000 mark to hit an all-time high.
• Traders in Asia assessed Japan’s trade data for May, which showed exports grew 13.5% year on year, while imports grew 9.5% during the same period.

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Lim Hui Jie

KEY POINTS

• The RBA held its benchmark interest rate at 4.35% for its fifth straight meeting, saying that inflation “remains above target and is proving persistent.”
• The S&P 500 closed at a fresh record of 5,473.23, adding 0.77%.

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Lim Hui Jie

KEY POINTS

• The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its purchase of Japanese government bonds.
• Overnight in the U.S., the S&P 500 rose to post a fourth consecutive record close as traders weighed more data showing inflation pressures may be easing.

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Lim Hui Jie

KEY POINTS

• The Fed only projects one rate cut this year, down from three, but raises the number of total projected rate cuts to four in 2025.
• Asia markets tracked gains on Wall Street following the Fed decision, with all major markets in the green.

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Lim Hui Jie

KEY POINTS

• China’s May inflation rate came in at 0.3%, missing expectations of 0.4% from a Reuters poll.
• Japan’s corporate goods inflation rate accelerated to 2.4% in May, beating expectations and marking its fastest rate of increase since August.

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By Wayne Cole

SYDNEY (Reuters) -Asian stocks were in a guarded mood on Tuesday as investors pondered fresh political uncertainty in European markets after right-wing gains in elections and a snap poll in France revived concerns about the cohesion of the bloc.

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Lim Hui Jie

KEY POINTS

• Asia-Pacific markets were mixed on Monday after a stronger-than-expected jobs report in the U.S. on Friday revealed hiring and wage growth picked up in May.
• A few Asian markets are closed for a holiday Monday, including Australia, mainland China, Hong Kong and Taiwan.
• This week in Asia, investors will be looking at Japan’s first-quarter gross domestic product numbers on Monday, followed by the Bank of Japan’s rate decision on Friday.

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Lim Hui Jie

Asia-Pacific stocks were mixed on Friday as investors looked at economic data from China and digested Japan’s pay numbers, with markets also assessing the European Central Bank’s rate cut.

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Lim Hui Jie

Asia-Pacific stocks rose Thursday as investors expect the European Central Bank to cut rates, with softer U.S. labor market data fueling hopes that the Fed might follow suit, further boosting market sentiment.

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Shreyashi Sanyal & Lim Hui Jie

Asia-Pacific markets were mixed on Wednesday, with stocks in India stabilizing after a heavy sell-off in the previous session as investors assessed India’s election results.

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