Breaking News: Asia
Bank of Korea leaves rates unchanged at 3% in a surprise move
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images South Korea’s central bank Thursday held its benchmark policy rate at 3% in a surprise move, having delivered two back-to-back cuts in its previous meetings amid a slowing economy. Economists polled by Reuters had estimated a 25-basis-point […]
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South Korea’s impeached President Yoon Suk Yeol arrested, local media reports
Security personnel gather near buses parked to protect impeached South Korean President Yoon Suk Yeol from a possible second arrest attempt, at the main entrance of his official residence in Seoul, South Korea, January 8, 2025. Reuters | Kim Hong-Ji South Korean president Yoon Suk Yeol was reportedly arrested by the country’s Corruption Investigation Office […]
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Asia markets rise as investors assess U.S. inflation data, Japan business sentiment
Pedestrians walk past Japanese national flags decorating a street in the popular tourist area of Ginza as people do last minute shopping before the New Year’s holidays, in central Tokyo on December 30, 2024. Richard A. Brooks | AFP | Getty Images Asia-Pacific markets rose Wednesday, following a softer-than-expected inflation data from the U.S. that […]
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India’s inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
People buy vegetables at a vegetable market in Siliguri, India, on December 28, 2024. Nurphoto | Nurphoto | Getty Images India’s inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts. Analysts polled by Reuters had forecast a […]
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China’s imports post surprise growth in December, exports beat expectations as higher tariffs loom
An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province. Future Publishing | Future Publishing | Getty Images China’s trade data in December beat expectations by a large margin, with exporters continuing to frontload shipments as worries over additional tariffs mount, while the country’s stimulus measures appear to […]
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Asia-Pacific markets slip as investors assess Japan pay and household spending data
A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan. Real household spending […]
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Asia markets set to fall as inflation worries may impede Fed rate cuts; China inflation data in focus
Customers shopping for vegetables at a supermarket in Nanjing, China. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets were set to fall Thursday after U.S. stocks ended a choppy session slightly higher as the Federal Reserve meeting minutes signaled interest rates could stay higher for longer due to sticky inflation. Investors in Asia also await […]
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Asia-Pacific markets rise after tech rally lifts Wall Street higher
Workers are processing chips at a workshop of an optoelectronic technology company in Huai’an, China, on May 11, 2024. Costfoto | Nurphoto | Getty Images Japan’s Nikkei 225 rebounded after leading losses in Asia on Monday, climbing 0.77%, while the broad-based Topix gained 0.45%. South Korea’s Kospi advanced 0.97%, with chip heavyweights Samsung Electronics and […]
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Asia markets poised to open mixed ahead of key business activity readings from China and India
Investors are also watching the market reaction in China after the PBOC said over the weekend it would implement a “moderately loose” monetary policy in 2025. Source
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Asia-Pacific markets are set to open lower on the penultimate trading day of 2024
Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets were set to open lower on the penultimate trading day of this […]
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