Stocks dived in early Asian trade on Friday, led by a selloff in US futures, while oil prices jumped after Israel conducted a military strike on Iran, sending investors scurrying to safe havens such as gold and the Swiss franc.
1 day agoGlobal stocks and the dollar slipped on Thursday as investors sized up a benign US inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dented risk sentiment. ...
2 days agoAutomakers are hoping for an uptick in sales from the upcoming GIIAS as both factory shipments and retail sales remained weak in May, declining by double digits year-on-year as slowing economic growth continued to weigh on demand. ...
4 days agoThe 10.2 percent year-on-year rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, exceeded a median market forecast for a 9.5 percent gain, Bank of Japan data showed.
2 years agoAsian shares edged higher on Monday as investors waited nervously to see whether the Bank of Japan (BOJ) would defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in US markets made for thin trading.
2 years agoIndonesian credit insurance firms are under scrutiny after a government watchdog found competition in the industry to be unhealthy at a time when lenders are filing more claims on loan defaults.
2 years agoWhile most industries may have recovered to their pre-pandemic levels, commercial real estate could use a boost through government stimulus in light of lagging occupancy rates and global recession fears, industry insiders have said.
2 years agoAsian markets mostly rose again Friday and the dollar remained under pressure after data showing another slowdown in US inflation fueled bets the Federal Reserve will take a softer approach to its monetary tightening campaign.
2 years agoHomegrown alcohol beverage Cap Tikus producer seeks to expand production capacity and sell its product to overseas markets after successfully raising US$11.3 million from an initial public offering (IPO).
2 years agoBank Sumut is set to make its debut on the Indonesia Stock Exchange on Feb.7 to become the fourth regionally owned bank listed on the bourse.
2 years agoThe Indonesian crypto market is unlikely to improve in 2023, with investors braced for another difficult year amid a new regulatory environment.
2 years agoShares of national flag carrier Garuda Indonesia have suffered a precipitous drop in the company’s first days back on the stock market, as it struggles to regain the trust of investors after a solvency crisis last year.
2 years agoThe euro steadied on Wednesday and riskier currencies bounced, lifted by optimism that China's eventual emergence from COVID restrictions helps growth, while investor focus turned to US data and the Federal Reserve.
2 years agoThe US dollar eased on Tuesday as investors awaited the minutes from the last US Federal Reserve policy meeting, and the yen was its strongest in six months amid speculation that the Bank of Japan might move away from its ultra-easy policy.
2 years agoIndonesia has marked another milestone with the IDX Composite becoming the region's best-performing index of 2022.
2 years agoEuropean shares rose in the first trading session of 2023 on Monday, after a rough year marred with fears of a recession as central banks hiked rates globally and the Russia-Ukraine war.
2 years agoThe US Inflation Reduction Act contains around $370 billion in subsidies for green energy, as well as tax cuts for US-made electric cars and batteries.
2 years agoIndonesia Stock Exchange (IDX) said the country’s capital market would make it through the uncertainties that loom in 2023, as the market would bank on the country’s ever-growing domestic investors, who have been relatively unaffected by current global turmoil.
2 years agoIndonesia’s rice retail prices have consistently been the highest in the Southeast Asian region over the past decade, according to World Bank.
2 years agoAsian equities rose on Friday as investors looked to end the year on an optimistic note after US data showed the Federal Reserve's aggressive monetary policy was dampening inflationary pressures even as worries over COVID cases in China persist.
2 years agoThe dollar steadied on Thursday after riding long-end US Treasury yields higher overnight, as initial optimism over China's reopening fizzled.
2 years agoReal estate investment in Asia-Pacific is projected to drop 5 to 10 percent year on year (yoy) in 2023, following a steep 25 percent yoy decline this year, amid tumultuous economic conditions that are weighing on sentiment.
2 years agoAsian equities were subdued on Wednesday, while the dollar held firm, with investors looking for direction after China took further steps towards reopening its COVID-battered economy.
2 years agoStock markets gained while the US dollar softened on Tuesday after China said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing COVID-19.
2 years agoAsian stocks started on a positive note Monday, buoyed by gains on Wall Street last week although spiraling Covid-19 cases in China weighed on sentiment in thin holiday trade.
2 years agoAsian markets extended a Wall Street advance into Thursday as forecast-busting US earnings and consumer confidence data tempered worries about a deep recession.
2 years agoAsian stocks were trying get into a festive mood on Wednesday, and managed small gains with even Japan's Nikkei lifting off a two-month low it hit following the Bank of Japan's surprise decision to loosen its tight leash on government bond yields.
2 years agoThe yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan said it would review its yield curve control policy and widened the trading band for the 10-year government bond yield in an unexpected tweak.
2 years agoAsian share markets were trading mostly in negative territory on Tuesday, as investors anticipated a somewhat rocky road for China's unwinding of COVID restrictions and the prospect that US interest rates will rise higher than expected in 2023.
2 years agoAsia's stock markets made a wobbly start to the final full trading week of 2022, with the prospect of interest rates rising further next year taking the edge off festive cheer.
2 years agoAsia stocks fell for a second day in a row on Friday, and were headed for their worst week in two months, after a slew of central banks raised interest rates and warned there were more hikes to come next year.
2 years agoAsian stocks sagged on Thursday, tracking declines on Wall Street, after the US Federal Reserve projected higher interest rates for a longer period.
2 years agoAsian stocks rose on Wednesday, bonds were firm and the dollar nursed losses after data showed US consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023.
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