Geopolitical tensions were ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one-year anniversary of the invasion
Japan's currency had weakened on uncertainty surrounding the next governor of the Bank of Japan
Asian shares were mostly lower Tuesday after China reported its economy expanded at a 3 per cent pace last year, less than half 2021's rate. Tokyo advanced while most other regional markets declined. Investors are watching to see if Japan's central bank will alter its longstanding policy of keeping its key interest rate at minus 0.1 per cent when it wraps up a policy meeting on Wednesday. US futures fell after markets on Wall Street were closed Monday for a holiday, while oil prices were mixed. The Chinese economy is gradually reviving after antivirus controls and a real estate slump dragged on growth last year. Restrictions that kept millions of people at home have been lifted, but a surge in COVID-19 infections is keeping consumers cautious about travel, shopping and dining out. Data reported Tuesday showed growth of the world's second largest economy slid to 2.9 per cent over a year earlier in December from the previous months 3.9 per cent. The government has begun to soften a .
Asian equities rose on Wednesday, while the dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting
Japan is set to tweak its 2% inflation targeting policy, possibly giving the central bank more wiggle room
The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening
Asian shares fell while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the US Federal Reserve, the European Central Bank and others
Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A US measure of inflation that's closely watched by the Federal Reserve eased in October, raising questions over the central bank's determination to keep raising interest rates to tame price increases. And activity in American manufacturing contracted in November for the first time since May 2020, according to the Institute for Supply Management. The report also showed that prices are falling. Slower growth due to tighter monetary policies has slowed new orders and order backlogs, which saw manufacturing conditions contracting for the first time since June 2020," Jun Rong Yeap of IG said in a report. That may suggest that with inflation risks behind us now, bad news' in economic data may not be good news' for markets as recession fears could be brewing," he ..
China's factory activity deepened this month, an official survey showed on Wednesday, weighed down by softening global demand and COVID-19 restrictions
Investors are readying for a dip as markets open in Asia to news of growing unrest in China over Covid restrictions
Asian shares tracked Wall Street higher on Thursday, buoyed by signals the US Federal Reserve may slow the pace of interest rate hikes and news of fresh economic stimulus from China
Asian share markets were mostly in positive territory on Wednesday despite rising Covid cases in China
Asian shares were mostly lower Wednesday, as investors got jittery over global risks after Poland said a Russian-made missile killed two people there. Benchmarks fell in morning trading in Tokyo, Sydney, Seoul and Hong Kong, while shares were little changed in Shanghai. Ukrainian President Volodymr Zelenskyy decried the blast as a very significant escalation of the war. Details were unclear, including who fired the missile. The Polish government said it was investigating. President Joe Biden, in Indonesia for the Group of 20 summit, promised full U.S support for and assistance with Poland's investigation. Japan's benchmark Nikkei 225 lost 0.2% in morning trading to 27,924.63. Australia's S&P/ASX 200 slipped 0.3% to 7,121.60. South Korea's Kospi shed 0.3% to 2,472.97. Hong Kong's Hang Seng fell nearly 0.2% to 18,308.00, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,135.88. Asian equities were defensive on Wednesday, with geopolitical tensions ...
Investors were initially cheered that the Fed at least opened the door to a slowdown in the pace of hikes after raising interest rates 75 basis points to 3.75-4.0%
Asian share markets fell on Thursday as investor fears over a looming recession crimped risk appetite, while Treasury yields rose on expectations that the Federal Reserve will remain aggressive
Asia stocks nudged higher as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week
Asian stocks wallowed at two-year lows, after a strengthening dollar, instability in the UK bond market, and upcoming US inflation data spelled a wild session on Wall Street
The Asian index was set to record a staggering 12.5% drop for the month, the largest since March 2020 when the Covid-19 pandemic threw financial markets into chaos
Japan's Nikkei and Chinese bluechips were mostly unchanged, Hong Kong's Hang Seng index eased 0.2% and South Korea gained 0.5%
Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher