Category Archive

Lee Ying Shan@in/ying-shan-lee@LeeYingshan

Key Points

• Asia-Pacific markets traded mixed on Friday.
• This follows after losses on Wall Street, with concerns over Middle East tensions keeping investors on edge.
• U.S. crude futures rose around 5% overnight and ticked higher again on Friday morning on concerns that Israel could strike Iran’s oil industry in retaliation for Tehran’s missile attack this week.

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• The Japanese yen weakened against the U.S. dollar, a day after clocking its largest single-day decline since June 2022.
• Markets in mainland China will remain closed until Oct. 8 for a week-long holiday and South Korea will be shut Thursday for National Foundation Day.
• Taiwan markets were shut for a second day as Typhoon Krathon brings torrential rain on the island.

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Dylan Butts@in/dylan-b-7a451a107

Key Points

• Traders in Asia were assessing data on consumer inflation out of South Korea.
• Oil prices and the CBOE Volatility Index (.VIX) jumped overnight as Iran fired ballistic missiles at Israel.

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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.

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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.

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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.

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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.

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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.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Data last Friday showed China’s youth unemployment rate rose for a second straight month to its highest level this year, according to the National Bureau of Statistics, as the labor market cools down amid a weakening economy.
• The Reserve Bank of Australia starts its two-day policy meeting on Monday, where central bankers will decide on the country’s monetary path.
• Singapore is set to release its August consumer prices index, with core CPI estimated to have risen 2.6% year on year, according to a Reuters poll, compared to 2.5% in July.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• The Bank of Japan kept its benchmark interest rate steady at around 0.25% — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. 
• Japan’s core consumer prices index in August climbed 2.8% year on year, in line with Reuters estimates, versus a 2.7% rise in the previous month.
• China also kept its key lending rates steady, with the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. 

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