Category Archive

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

KEY POINTS

• The Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers, while confidence among non-manufacturers fell.

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Charmaine Jacob@IN/CHARMAINEMARIAJACOB@CHARMAINEMJACOB

KEY POINTS

• Asia-Pacific markets were mixed on Tuesday following a slew of political and economic news from the U.S.
• Traders will also look for developments from China’s Third Plenum, where high local government debt levels and a push for advanced manufacturing will be on the agenda.

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Lim Hui Jie

KEY POINTS

• David Roche, president of Quantum Strategy, said in a note on Sunday that Trump would win the presidency, with an increased probability of a Republican clean sweep of both the House of Representatives and the Senate.
• China’s economy grew 4.7% in the second quarter, missing expectations of a 5.1% expansion forecast by Reuters and lower than the 5.3% growth seen in the first quarter.

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Lim Hui Jie

KEY POINTS

• Japan’s Nikkei 225 dropped 2.45%, leading losses in Asia after three straight days of setting new closing highs and closing at 41,190.68.
• In contrast, Hong Kong Hang Seng index surged 2.55%, while Australia’s S&P/ASX 200 set a new all time closing high.
• China’s exports beat expectations, climbing 8.6% year-on-year in June as compared to expectations of an 8% rise forecasted by a Reuters poll of economists.

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Lim Hui Jie

KEY POINTS

• The Nikkei and the the broad-based Topix faltered and dipped from their record highs earlier in the session.
• The country’s household spending for May unexpectedly dipped 1.8% in real terms compared to the same period last year.
• South Korea’s Kospi was 0.9% higher, and the small-cap Kosdaq rose 0.61%. Heavyweight Samsung Electronics on Friday estimated that its second quarter operating profit will surge almost 15-fold.

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Lim Hui Jie

KEY POINTS

• The Nikkei and the the broad-based Topix faltered and dipped from their record highs earlier in the session.
• The country’s household spending for May unexpectedly dipped 1.8% in real terms compared to the same period last year.
• South Korea’s Kospi was 0.9% higher, and the small-cap Kosdaq rose 0.61%. Heavyweight Samsung Electronics on Friday estimated that its second quarter operating profit will surge almost 15-fold.

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Lim Hui Jie & Dylan Butts@IN/DYLAN-B-7A451A107

KEY POINTS

• The Topix crossed its all-time high of 2,886.50, set in December 1989, while the Nikkei 225 surpassed an all-time high of 40,888.43 set in March.
• The Taiwan Weighted Index also reached a fresh high, surpassing its previous record of 23,406.1 set on June 20.
• Japanese companies delivered the largest wage hikes in three decades this year, according to the nation’s largest union. Workers’ pay is forecast to rise by 5.1%, according to labor union Rengo.

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Lim Hui Jie & Dylan Butts@IN/DYLAN-B-7A451A107

KEY POINTS

• The au Jibun Bank reported that Japan’s composite purchasing managers’ index fell to 49.7 in June.
• the Caixin services purchasing managers’ index showed that China’s services sector expanded for the 18th consecutive month.

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Lim Hui Jie & Dylan Butts@IN/DYLAN-B-7A451A107

KEY POINTS

• Traders in Asia assessed South Korea’s inflation rate which came in at 2.4% for June, missing expectations of economists polled by Reuters who had predicted it at 2.7%.
• The Japanese yen weakened to as much as 161.67 against the dollar, staying at 38-year lows.

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Lim Hui Jie

KEY POINTS

• China released its official PMI figures on the weekend, with its manufacturing PMI coming in at 49.5, unchanged from May and marking its second straight month in contraction territory.
• On Monday, Japan revised its first-quarter GDP contraction to 2.9% year on year, from 1.8% reported earlier.

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