Hang Seng Index
Asia markets track Wall Street declines after U.S. Fed chair suggests stocks are overvalued
People crossing the street in Shibuya, Tokyo. Maydays | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines after U.S. Federal Reserve Chair Jerome Powell said that “equity prices are fairly highly valued.” Powell also signaled that the rate-cutting path wasn’t clear and that the central bank faces a “challenging situation.” Australia’s […]
Read More
Asia-Pacific markets set to open higher, tracking Wall Street gains on tech stocks rally
Pedestrians crossing street at night in Hong Kong, China Nathan Road Nikada | E+ | Getty Images Asia-Pacific markets were set to open higher Tuesday, tracking Wall Street gains on tech stocks’ rally. Australia’s ASX/S&P 200 was poised to open higher, with its futures contract trading at 8,867, against the index’s last close of 8,810.9. […]
Read More
Asia-Pacific markets set to open mixed ahead of China’s loan prime rate decision
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and […]
Read More
Japan’s Nikkei 225 erases gains to trade lower after BOJ keeps interest rate steady
People crossing the street in Shibuya, Tokyo. Maydays | Moment | Getty Images Japan’s benchmark Nikkei 225 index pared gains to fall 0.57% Friday, after the Bank of Japan kept its policy rate steady at 0.5%, in line with the forecast from a Reuters poll of economists. The benchmark index had hit a fresh record […]
Read More
CNBC’s The China Connection newsletter: From gamblers to investors?
Hello, this is Evelyn, writing to you from Hengdian, Zhejiang province. Locals are getting more excited about the stock market again. There’s much debate about what’s driving the gains, but there are signs of a deeper change afoot in what’s long been considered a more speculative market. Enjoy! This report is from this week’s CNBC’s The China Connection newsletter, which brings you […]
Read More
CNBC Daily Open: Expectations of Jerome’s rate cuts weren’t built in a day
A glimpse of a shadow of a suggestion that the Fed might start lowering interest rates again was enough to send U.S. stocks surging and Treasury yields falling. Source
Read More
Asia-Pacific markets set to open mixed as investors bet on Fed rate cut
CNBC Pro: Buy or avoid India’s IT stocks after recent job cuts? 3 pros share their take Here are the opening calls for the day Good morning from Singapore. Investors are awaiting the release of a slew of employment-related data from Australia. Economists polled by Reuters expect an increase of 25,000 employed individuals in July, […]
Read More
Asia-Pacific markets set for mixed open ahead of RBA rate decision, key U.S. inflation data
U.S. futures mostly move up in early Asia hours Here are the opening calls for the day Good morning from Singapore. The U.S.-China trade truce extension overnight has allowed the world’s largest economies more room to negotiate a deal. Investors, meanwhile, await the Australian central bank’s rate decision. The Reserve Bank of Australia is expected […]
Read More
Asia-Pacific markets trade mixed as two key Wall Street benchmarks fall
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Friday. As of 8:12 a.m. Singapore time (8:12 p.m. ET Thursday), Japan’s Nikkei 225 benchmark rose 1.18% while the broader Topix index added 0.87%. In South Korea, the Kospi index fell 0.13% while the small-cap Kosdaq increased by 0.65%. Over in Australia, the S&P/ASX 200 benchmark was down […]
Read More
Asia markets set to open lower as investors weigh Trump’s vow on fresh chip tariffs
U.S. equity futures ticked up in early Asia hours Here are the opening calls for the day Good morning from Singapore. Investors will be keeping a close watch on chip stocks following U.S. President Donald Trump’s vow to impose 100% tariffs on imported semiconductors and chips, unless they are made by companies “building in the […]
Read More