Category Archive

Lim Hui Jie

Key Points

• Chip giants Samsung Electronics and SK Hynix — both Nvidia suppliers — lost 3.45% and 8.02% respectively.
• However, mainland Chinese and Hong Kong indexes saw smaller losses compared to other markets.

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Lim Hui Jie

Key Points

• Among the economic data coming out from major markets in the region inflation numbers from South Korea, Australia’s second-quarter GDP data, as well as data on pay and household spending from Japan later this week.
• Over the weekend, China released its official PMI data for August. The manufacturing PMI fell to a six month low of 49.1, a faster contraction compared to the 49.4 seen in July.

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Lim Hui Jie

Key Points

• U.S. economic data such as initial jobless claims and a stronger second-quarter GDP number helped calm recessionary fears
• Traders in Asia assessed economic data out of Japan, including inflation in the capital city of Tokyo, which is widely considered a leading indicator of nationwide trends.

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Lim Hui Jie

Key Points

• Australia’s CPI rose 3.5% year on year, slightly above the 3.4% rise expected by economists polled by Reuters and compared to 3.8% in June.
• Minutes of the Reserve Bank of Australia’s last meeting revealed that the central bank had considered raising interest rates in its bid to tame inflation.

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Lim Hui Jie

Key Points

• China reported that its industrial profits from January to July climbed 3.6% year on year.
• Oil prices continued to rise after Israel and Hezbollah traded strikes over the weekend, with U.S. West Texas Intermediate crude climbing 3.5% to close at $77.42 per barrel and Brent crude up 3.05% at $81.43 a barrel, its highest in about two weeks.

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Lim Hui Jie

Key Points

• Investors in Asia assessed dovish comments by U.S. Federal Reserve Chairman Jerome Powell, and rising Middle East tensions as Israel and Hezbollah traded strikes.
• China’s central bank will release its medium-term lending rate on Monday, while Singapore will publish its manufacturing data for July.

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Lim Hui Jie

Key Points

• Japan’s headline inflation came in at 2.8%, unchanged from the month before.
• However, the so called “core-core” inflation rate, which strips out prices of both fresh food and energy and is tracked by the Bank of Japan, fell to 1.9% in July, down from 2.2%.
• This is the lowest the “core-core” inflation rate has reached since September 2022.

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Lim Hui Jie

Key Points

• The Bank of Korea held its benchmark interest rate at 3.5%, in line with expectations.
• Investors digested business activity data from Australia and Japan and awaited PMI numbers from India.

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Lim Hui Jie

Key Points

• Japan’s July exports rose 10.3% year on year and imports rose 16.6% in the same period, compared to expectations of a 11.4% rise for exports and a 14.9% growth for imports.
• It was the last month of trade data recorded before the Bank of Japan’s move to raise interest rates at the end of July, which caused the yen to strengthen dramatically.

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Lim Hui Jie

Key Points

• China’s central bank left its one-year and five-year loan prime rates unchanged at 3.35% and 3.85% respectively, in line with expectations.
• Minutes of the Reserve Bank of Australia’s August meeting revealed that the central bank considers a rate cut in the short term as “unlikely.”

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