Category Archive

Karen Gilchrist@_karengilchrist & Holly Ellyatt@HollyEllyatt

LONDON — European stocks kicked off October trading in positive territory after ending September on a somber note.

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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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Sam Meredith@in/samuelmeredith@smeredith19 & Holly Ellyatt@HollyEllyatt

LONDON — European stocks were higher Thursday morning, spurred on by overnight gains in Asia-Pacific markets.

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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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Holly Ellyatt@HollyEllyatt

LONDON — European stocks traded higher Tuesday, buoyed by China’s central bank monetary stimulus measures, and brushing off concerns over Europe’s growth outlook.

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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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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to start the week in positive territory as global markets continue to react positively to the U.S. Federal Reserve’s interest rate cut last week.

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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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