Category Archive

Lim Hui Jie

Key Points

• Traders in Asia will watch out for central bank releases this week, including the Bank of Korea’s rate decision and minutes of the Reserve Bank of Australia’s August meeting.
• Core machinery orders in Japan fell 1.7% year on year in June, surprising economists who had expected a 1.8% rise.

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Lim Hui Jie

Key Points

• Asian markets track the rally on Wall Street after U.S. economic data eased fears of a recession.
• Traders in Asia also assess non-oil exports data from Singapore, which massively beat Reuters’ poll expectations
• Taiwan and Hong Kong’s second-quarter GDP data will be out after market hours.

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Lim Hui Jie

Key Points

• Japan’s second-quarter gross domestic product beat market expectations on a quarter-on-quarter basis, climbing 0.8% compared to forecasts of a 0.5% rise from economists polled by Reuters.
• U.S. consumer prices increased 2.9% year over year, down from 3% in June and the lowest reading since March 2021, the Bureau of Labor Statistics said on Wednesday. Month-over-month, prices ticked up 0.2%.

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Charmaine Jacob@in/charmainemariajacob@charmainemjacob

Key Points

• Asia-Pacific markets were mixed, after a choppy session overnight in the U.S. as investors awaited key inflation data.
• U.S. consumer price index for July, a key indicator of the health of the U.S. economy, will be released Wednesday.
• Over in Asia, investors assessed Japan’s producer price index data and Singapore’s second-quarter GDP growth numbers.

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Dylan Butts@in/dylan-b-7a451a107

Key Points

• Asia-Pacific markets are mostly higher on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks.
• Traders will assess inflation and industrial output data from India due later in the day.

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

Key Points

• Investors are parsing China’s consumer price index and producer price index for July.
• Overnight in the U.S., the S&P 500 advanced 2.3%, closing at 5,319.31 and posting its best day since November 2022.

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Dylan Butts@in/dylan-b-7a451a107 & Lim Hui Jie

Key Points

• Asia-Pacific markets were mostly higher on Thursday, breaking with losses on Wall Street.
• Asian investors assessed trade data from Japan and awaited interest rate decision from the Reserve Bank of India.

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Dylan Butts@in/dylan-b-7a451a107 & Lim Hui Jie

Key Points

• Asia-Pacific markets were up on Wednesday following a rebound of major indexes on Wall Street that broke a three-day stretch of losses.
• Traders in Asia assessed July trade balance data out of China as customs data showed that imports in July grew faster-than-expected, while exports missed forecasts.

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Lim Hui Jie

Key Points

• Heavyweight trading houses such as Mitsubishi, Mitsui and Co, Sumitomo and Marubeni all plunged more than 10%.
• The yen also strengthened to its highest level against the dollar since January, and was last trading at 143.40.

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Lim Hui Jie

Key Points

• Asian markets fall after Wall Street sell-off, with Japan’s Nikkei 225 leading losses.
• Some heavyweight stocks that fell include Softbank Group, which tumbled over 5%, while trading houses Mitsui and Marubeni saw losses of over 8% and 6%, respectively.

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