Breaking News: Asia

South Korea inflation, US jobs report, China Covid-zero

India poised to become the third largest economy by 2030 India is projected to overtake Japan and Germany to become the world’s third-largest economy, S&P Global and Morgan Stanley forecast in a report. S&P’s prediction is premised upon the projection that India’s annual nominal GDP growth will average 6.3% through 2030. Similarly, Morgan Stanley estimates …

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South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state’s sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. …

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China’s factory activity data misses expectations; Asia-Pacific markets mixed

China’s factory activity misses expectations, contracts for a second straight month China’s official manufacturing Purchasing Managers’ Index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s lower than the expectations of analysts polled by Reuters, who predicted a reading of 49. October’s PMI was 49.2. PMI readings are …

China’s factory activity data misses expectations; Asia-Pacific markets mixed Read More »

China’s factory activity data misses expectations; Asia-Pacific markets mixed

China’s factory activity misses expectations, contracts for a second straight month China’s official manufacturing Purchasing Managers’ Index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s lower than the expectations of analysts polled by Reuters, who predicted a reading of 49. October’s PMI was 49.2. PMI readings are …

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Hong Kong stocks rise nearly 4% ahead of China’s Covid briefing

Chinese indexes pop ahead of Covid briefing Indexes in China jumped more than 2% as investors closely watched for developments in the nation’s zero-Covid policy after seeing losses in the previous session. China’s CSI 300 index rose 2.97% in the morning session, while the Shanghai Composite climbed 2.2%. The Shenzhen Component Index gained 2.172%. Local …

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Hong Kong stocks rise 3% in Asia session; China’s Covid situation remains in focus

Japan’s unemployment rate has changed, retail sales miss estimates Japan’s unemployment rate for October was steady from September’s reading of 2.6%, according to official data. The figure is slightly higher than the mean expectation of 2.5% from economists polled by Reuters. The jobs-to-applicant ratio, which measures active job openings per jobseeker, was at 1.35. That …

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Asia markets fall amid unrest in China over Covid restrictions

Oil prices slip as China’s Covid protests continue Crude oil futures slipped early in Asia as high Covid cases, virus restrictions and unrest in China raise fears about demand from the world’s second-largest oil consumer. West Texas Intermediate futures shed 0.35% to $76.01 per barrel, while Brent crude futures lost 0.26% to $83.41 per barrel. …

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