Category Archive

Anniek Bao

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

Key Points

• In lockstep with the Fed, the Hong Kong Monetary Authority cut its interest rate by 50 basis points to 5.25%, as the city’s currency is pegged to the greenback.
• The Bank of Japan has kicked off a two-day meeting ending Friday, where the central bankers will make a key rate decision, after it ended the decades-long ultralow interest rates earlier this year.
• New Zealand’s GDP for the second quarter contracted by 0.2% from the previous quarter, according to the official data released Thursday morning, less than Reuters poll estimates of a 0.4% decline.

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Anniek Bao

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

Key Points

• Investors await the Federal Reserve’s rate decision due Wednesday stateside, and assessed economic data from Japan. Indonesian central bank’s rate decision is also due later in the day.
• South Korea and Hong Kong markets are closed today while markets in mainland China will resume trade after a nationwide three-day holiday.

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Anniek Bao

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

Key Points

• Traders in Asia assessed Singapore’s non-oil domestic exports for August, which rose 10.7% from a year ago, official data showed Tuesday.
• Tuesday’s economic data also includes India’s wholesale prices for August, which are anticipated to have gained 1.85% year on- ear, a cooler reading than 2.04% in July.
• Shares of Chinese appliance maker Midea Group surged over 9% in their Hong Kong debut, following the city’s largest IPO in more than three years.

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Author : Ambar Warrick

Investing.com– Most Asian stocks rose on Friday as focus turned to the Federal Reserve’s first potential interest rate cut in over four years, with Hong Kong markets leading gains on bargain buying into local technology heavyweights.

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

Key Points

• Japan’s producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. The data is among the key indicators closely watched by the Bank of Japan.
• India is also poised to release its August consumer price index later Thursday. Economists polled by Reuters expect it to rise 3.5% year-on-year, compared to 3.54% in July.

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

Key Points

• South Korea reported that August unemployment fell to 2.4%, the lowest level since 1999, when the data series commenced, according to Statistics Korea.
• The televised presidential debate between Republican presidential nominee Donald Trump and Democratic Vice President Kamala Harris is the immediate focus for investors

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Lim Hui Jie

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

Key Points

• Asia-Pacific markets were higher on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year.
• China’s exports grew 8.7% year-on-year in August and imports grew 0.5%, customs data showed on Tuesday, compared to the forecast of 6.5% and 2% in a Reuters poll.

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Lim Hui Jie & Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Japan’s second-quarter GDP came in at 2.9% on an annualized basis, less than the 3.2% expected by economists polled by Reuters and the advance figure of 3.1%.
• China’s inflation rate grew 0.6% year-on-year, lower than the 0.7% expected from economists polled by Reuters. On a month-on-month basis, the CPI rose 0.4%, lower than the 0.5% expected.

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Lim Hui Jie

Key Points

• Japan’s household spending data for July rose 0.1% in real terms from the previous year, compared to a 1.2% rise expected from economists polled by Reuters, and a reversal compared to a 1.4% fall in June.
• Hong Kong’s markets will be shut today due to Super Typhoon Yagi.

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Lee Ying Shan@in/ying-shan-lee@LeeYingshan & Lim Hui Jie

Key Points

• Investors in Asia assessed July pay data out of Japan, which could provide more room to the Bank of Japan for raising rates.
• Average monthly cash earnings in the country rose 3.6% year-on-year, a softer rise compared to the 4.5% climb seen in June.
• Other economic data coming from the region include trade data from Australia and Singapore’s retail sales numbers.

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