Asia-Pacific shares were sharply lower on Monday after Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole conference on Friday signaled that the era of high interest rates will have continuity in order to tame the galloping inflation. On the board, the Japanese Nikkei closed with losses of 2.66%, at 27,878.96 units, with the […]
Tag: asia-pacific
Mixed signs in Asian markets after slowdown in China
Major stock indexes in the Asia-Pacific region were mixed but broadly flat as investors weighed weaker-than-expected economic data from China. In particular, mainland Chinese markets are moving in a different direction, with the Shanghai Composite down slightly by 0.1% to 3,272 points and the Shenzhen Component up by 0.4% to 12,462 points. In Hong Kong, […]
Asian markets gain boosted by US inflation
Major Asian stocks edged higher on Thursday, boosted by better-than-expected U.S. inflation data that boosted hopes for less aggressive rate hikes from the Federal Reserve. According to data released yesterday in the US, the Consumer Price Index rose in July at an annual rate of 8.5%, down significantly from June’s 41-year high of 9.1%. A […]
Mixed signs in Asia – Hong Kong’s real estate sector ‘heavy’
Property shares led Hong Kong lower on Wednesday amid mixed signs in Asia-Pacific markets, with inflation in Australia rising and investors awaiting the US Federal Reserve’s decision on monetary policy. intraday monetary policy. On the board, the Japanese Nikkei closed up 0.22%, at 27,715.75 points, with the South Korean KOSPI to register mild gains of […]
Mixed signs in Asia, eye on Fed – China up
Asia-Pacific stock markets were mixed on Tuesday, as investors braced for another big interest rate hike by the US Federal Reserve on Wednesday as part of its fight against inflation. On the board, the Japanese Nikkei closed with losses of 0.24%, at 27,631.88 units, with the South Korean KOSPI to earn 0.39%, while in Hong […]
Losses in Asia with an eye on Japan inflation
Most Asian stock markets were lower on Friday as investors weighed data from Japan where inflation came in above the central bank’s 2% target for a third straight month in June. Against this backdrop, Japan’s Nikkei 225 gained 0.40%. The rise in consumer prices comes to test the Bank of Japan’s view that recent price […]
Mixed picture in Asia with an eye on interest rates in Japan
Major Asian markets were mixed on Wednesday as Japan’s central bank kept short-term interest rates at -0.1%. In particular, the Japanese Nikkei 225which earlier recorded losses of 0.15%, finally closed with a gain of 0.36%. In Australia, the S&P/ASX 200 increased by 0.52%. Rio Tinto shares fell 3.38% after the company announced it would pay […]
Positive climate in Asia, on the ‘backs’ of Wall Street – 2.64% jump for the Nikkei
A positive mood prevails in the markets of the Asia-Pacific region on Wednesday, closely following the euphoria that prevailed on Tuesday on Wall Street. On the board, the Japanese Nikkei gained 2.64% to 27,672.50 points, with the South Korean KOSPI to record gains of 0.65%, while in Hong Kong the Hang Seng increases by 1.55%. […]
Mixed signs in Asia – Losses in China against the backdrop of the GDP ‘brake’
Indices in the Asia-Pacific region ended the week’s final trading with mixed signs, as an unexpected slowdown in China’s GDP weighed on the country’s indexes. Specifically, in Japan the Nikkei closed with a 0.5% increase at 26,770 points, while the Topix moved a little lower at +0.3% and 1,888 points. In South Korea the Kospi […]
Mixed signs in Asia – Plunge in China against the backdrop of the GDP ‘brake’
Indices in the Asia-Pacific region ended the week’s final trading with mixed signs, as an unexpected slowdown in China’s GDP weighed on the country’s indexes. Specifically, in Japan the Nikkei closed with a 0.5% increase at 26,770 points, while the Topix moved a little lower at +0.3% and 1,888 points. In South Korea the Kospi […]