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Abigail Ng

Shares in the Asia-Pacific mostly fell on Monday as markets enter the last quarter of the year.

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Abigail Ng

Shares in the Asia-Pacific traded lower on Friday, the last day of the third quarter, following another sell-off on Wall Street overnight. China’s factory activity data is due later today.

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Abigail Ng

Shares in the Asia-Pacific rose on Thursday following a rebound on Wall Street overnight. The rally in the U.S. came after the Bank of England said it would intervene in the bond market to stabilize conditions.

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Abigail Ng

Major indexes in the Asia-Pacific briefly dipped 2% after the S&P 500 set a new 2022 low overnight on Wall Street. The offshore and onshore Chinese yuan reached weakest levels since 2008.

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Abigail Ng

Shares in the Asia-Pacific were mixed on Tuesday after sharp falls on Monday.

The Nikkei 225 in Japan rose 0.68%, and the Topix index gained 0.8%. In Australia, the S&P/ASX 200 added 0.23%.

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Abigail Ng

Shares in the Asia-Pacific fell sharply on Monday as negative sentiment continues to weigh in on markets.

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Abigail Ng

Asia-Pacific shares mostly fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance.

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Abigail Ng

Asia markets traded lower on Thursday after the U.S. Federal Reserve raised interest rates and signaled further hikes ahead. U.S. stocks were volatile and closed sharply lower following the announcement.

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Abigail Ng

Shares in the Asia-Pacific opened lower Wednesday, following Wall Street’s negative lead ahead of the Federal Reserve’s expected rate hike.

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Abigail Ng

Shares in the Asia-Pacific rose Tuesday as Japan’s inflation accelerated and China kept its loan prime rate on hold.

Hong Kong’s Hang Seng index gained 0.91%, with the Hang Seng tech index up nearly 2%. The Shanghai Composite in mainland China rose 0.51% and the Shenzhen Component

advanced 0.58%. In Australia, the S&P/ASX 200 advanced around 1%. Japan’s Nikkei 225

rose 0.34% on its return to trade after a holiday and the Topix gained 0.37%.

The Kospi in South Korea added 0.37%, while the Kosdaq was 1.04% higher. MSCI’s broadest index of Asia-Pacific shares gained 0.71%.

Core inflation in Japan increased 2.8% from a year ago, the fastest rate of increase since late 2014. China’s loan prime rate was left unchanged Tuesday, in line with predictions in a Reuters poll.

China keeps key lending rates unchanged

The People’s Bank of China kept its one-year and five-year loan prime rates (LPR) unchanged, in line with predictions in a Reuters poll.

The one-year loan prime rate remains at 3.65%, and the five-year rate closely tied to home mortgages stands at 4.3%. China cut both those rates last month.

— Abigail Ng

CNBC Pro: Fund manager says the bear market is going to get ‘nasty’

Fund manager Cole Smead believes the stock market is still in the early innings of a bear market — and warns that it won’t be a “garden variety” one.

But, he is not losing any sleep over it. Here’s why:

— Zavier Ong

Japan’s core inflation accelerates in August

Core consumer prices in Japan rose 2.8% in August from a year ago, government data showed.

That’s the fastest growth in nearly eight years, and the fifth consecutive month where inflation has exceeded the central bank’s target of 2%.

Analysts polled by Reuters predicted a 2.7% increase, and consumer prices gained 2.4% in July.

The Japanese yen strengthened slightly to 142.96 per dollar.

— Abigail Ng

Stocks finish Monday’s volatile session higher

Stocks seesawed on Monday but ended the session in positive territory as a big Federal Reserve week kicked off.

The Dow Jones Industrial Average closed 197.26 points higher, or 0.64%, to settle at 31,019.68. The S&P 500 jumped 0.69% to 3,899.89 and the Nasdaq Composite gained 0.76% to 11,535.02.

— Samantha Subin

10-year Treasury yield jumps above 3.5%, hits highest level since 2011

The benchmark 10-year Treasury yield rose to 3.5% on Monday morning, hitting its highest level since 2011 as investors brace for a higher-for-longer period of interest rates amid the Federal Reserve’s fight against inflations.

Treasury yields rose above the board last week after the August consumer price index report showed a surprise increase in prices. However, the 10-year largely held near its June highs of 3.495% before taking another leg higher on Monday.

The 10-year last traded at a yield of 3.506%, up nearly 6 basis points. Yields move opposite to price, and one basis point is equal to 0.01%.

— Jesse Pound

Source : CNBC