ASIA: Japan’s manufacturing activity grew at the fastest pace in nearly eight years in January on stronger output and new orders, while cost pressures stayed elevated as firms continued to face supply chain delays. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) in January rose to 55.4 on a seasonally adjusted basis, […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 284.64 points or 1.07% to 27,001.98 Shanghai closed Hang Seng increased 252.18 points or 1.07% to 23,802.26 ASX 200 decreased 16.50 points or -0.24% to 6,971.60 Kospi closed SENSEX increased 813.94 points or 1.42% to 58,014.17 Nifty50 increased 237.90 points […]

ASIA: India’s economic momentum remained stable in December even as the first signs of slowing output growth appeared across some industries. Activity in India’s dominant services sector expanded for the fifth month, and manufacturing for the sixth, although growth in new work and production lost some momentum, according to IHS Markit. While the composite index slipped to 56.4 […]

ASIA: China’s central bank cut its benchmark lending rates again on Thursday amid concerns about an economic slowdown in the world’s second-largest economy. The People’s Bank of China reduced the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. In December, the PBOC cut the one-year loan prime rate for the first […]

ASIA: The International Monetary Fund on Tuesday cut its FY22 gross domestic growth product (GDP) forecast for India to 9 percent from 9.5 percent predicted in October, citing disruptions due to the Omicron wave of the Covid-19 pandemic. However, the multilateral agency raised the country’s GDP projection for FY23 to 9 percent from 8.5 percent […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 250.67 points or -0.90% to 27,522.26 Shanghai decreased 32.49 points or -0.91% to 3,522.57 Hang Seng increased 13.20 points or 0.05% to 24,965.55 ASX 200 decreased 166.60 points or -2.27% to 7,175.80 Kospi decreased 28.39 points or -0.99% to 2,834.29 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 305.70 points or 1.11% to 27,772.93 Shanghai decreased 3.12 points or -0.09% to 3,555.06 Hang Seng increased 824.50 points or 3.42% to 24,952.35 ASX 200 increased 9.90 points or 0.14% to 7,342.40 Kospi increased 20.40 points or 0.72% to 2,862.68 […]

ASIA: The Bank of Japan has shifted its view on inflation risk for the first time since 2014, driving the yen lower as a nation that has battled deflation for decades faces the mounting pressure of price rises in food and energy. Despite the historic change of view, the BoJ made no change to its […]

ASIA: India’s annual wholesale price-based inflation eased marginally in December to 13.56% but remained in double digits for a ninth successive month, reflecting rising input costs for firms, many of which are steadily passing on costs to consumers. December’s figure was marginally lower from the previous month’s 14.23%, which was the highest in more than […]

ASIA:   The major Asian stock markets had a negative day today: NIKKEI 225 decreased 364.85 points or -1.28% to 28,124.28 Shanghai decreased 34.00 points or -0.96% to 3,521.26 Hang Seng decreased 46.45 points or -0.19% to 24,383.32 ASX 200 decreased 80.50 points or -1.08% to 7,393.90 Kospi decreased 40.17 points or -1.36% to 2,921.92 […]