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Asian stocks advanced on Thursday after upbeat earnings from Nvidia soothed concerns over AI-driven disruption and rising costs, while the yen was in the doldrums, bogged down by a murky rate outlook in Japan.
3 days agoAsian stocks stabilized after a wobbly start on Tuesday as a fresh AI-linked selloff on Wall Street rattled investors, with sentiment also hurt by heightened anxiety over US President Donald Trump's tariff policy and geopolitical tensions. ...
5 days agoThe IDX, along with the OJK, has announced a new policy to double the minimum free float requirement to 15 percent from 7.5 percent at present, using a case-by-case approach in addition to assistance for listed firms for gradual implementation by March. ...
5 days agoEquities rose Tuesday in Asia as some stability returned to markets after last week's upheaval, but analysts warned of further pain for traders after central bank officials hinted at further interest rate hikes to reel in inflation.
3 years agoIndonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative supply sources after another neighbor Malaysia restricted sales.
3 years agoMarkets widely believe that Chinese policymakers are wary of risks that the yuan will depreciate and capital outflows will be triggered if they embark on further monetary easing to underpin a COVID-19-hit economy at a time when other major economies are tightening their rates policies.
3 years agoThe US Federal Reserve's biggest rate hike since 1994, the first such Swiss move in 15 years, a fifth rise in British rates since December and a move by the European Central Bank to bolster the indebted south all took turns roiling markets.
3 years agoWorld stocks on Friday headed for their worst week since markets' pandemic meltdown in March 2020, as investors feared sharp rate hikes tipping economies into recession, while growth fears and a soaring Swiss franc whacked the US dollar.
3 years agoAs foot-and-mouth disease (FMD) continues to spread, the price of sacrificial livestock has witnessed a notable hike amid rising demand and limited supply nearing the celebration of Idul Adha.
3 years agoAsian stocks rose on Thursday, while longer-dated US government bond yields fell and the dollar was down from two-decade highs after the US Federal Reserve delivered an aggressive rate hike and cut its growth projections.
3 years agoAsian equities were mixed Wednesday with investors nervously awaiting a Federal Reserve interest rate decision that has taken on greater significance since a forecast-busting inflation report sent shockwaves through world markets.
3 years agoExpectations for a 75 basis-point increase at the conclusion of a two-day meeting on Wednesday are nearly baked into prices, according to CME's Fedwatch Tool with investment banks like Goldman Sachs expecting a 75 basis-point rate hike in June and July, and a 50 basis-point rise in September.
3 years agoPanic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest pace in a generation owing to a spike in energy and food costs caused by the Ukraine war, China's lockdowns and supply chain snarls.
3 years agoAsian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears aggressive US interest rate hikes would push the world's largest economy into recession.
3 years agoMarkets tumbled in Asia on Monday and the dollar rallied as part of a global rout fueled by a forecast-beating US inflation print that ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.
3 years agoThe yen fell to a fresh 20-year low against the dollar on Monday, as red-hot US inflation data drove up Treasury yields, diminishing the earlier boost from speculation Japanese authorities could intervene to support the currency.
3 years agoUS inflation surged to a new four-decade high in May, defying hopes price pressures had peaked and deepening President Joe Biden's political troubles as Americans struggle to meet the ever-rising cost of essentials like food and gas.
3 years agoJapan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency which has sunk to 20-year lows.
3 years agoFarm gate prices remain low after the government revoked its palm oil export ban, while surging fertilizer prices have driven up production costs, smallholders say.
3 years agoAsian stocks fell, US bond yields rose and a soaring dollar pushed to a two-decade high against the yen on Thursday as investors worried about the outlook for more rate rises ahead of a key meeting of the European Central Bank later in the day.
3 years agoThe yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among peers in sticking to ultra-easy monetary policy.
3 years agoAsia's stock markets edged lower on Tuesday, the yen hit a 20-year low and bond markets wavered as investors nervously awaited US inflation figures and central bank meetings in Australia, Europe and, next week, in the United States.
3 years agoAsian shares steadied on Monday as US stock futures made cautious gains ahead of US inflation data later in the week, while the euro touched a seven-year top on the yen amid wagers of European Central Bank tightening.
3 years agoThe Japanese yen was on the back foot on Monday, ahead of a busy policy-focused week in which inflation will be in the spotlight with a major European Central Bank meeting and US consumer price data scheduled.
3 years agoAsian share markets fell on Thursday on widespread investor worries over high inflation and the threat of recession, while oil prices slumped following a report of reassurances from Saudi Arabia over production.
3 years agoPalm oil producers are finding sufficient buyers in Indonesia and abroad for whom sustainability is a minor consideration, which is limiting pressure on the sector to adopt environmental practices.
3 years agoImproved insurance literacy among consumers is one way to capitalize on potential growth in Indonesia's insurance industry, which still lags behind its Southeast Asian peers.
3 years agoStocks wobbled and bonds fell in Asia, while the dollar rose on Tuesday after a hot inflation reading in Germany heightened nerves about the pace and scale of looming interest rate hikes.
3 years agoThe Brent crude futures contract for July, which will expire on Tuesday, was 0.4 percent at $119.90 a barrel at 0659 GMT.
3 years agoAsian shares extended overnight global gains thanks to strong results from regional tech firms and US retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards later this year.
3 years agoThe 5-year notes carry a coupon of 4.40%, while the 10-year notes have a 4.70% coupon, below the sovereign's initial price guidance.
3 years agoAsian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
3 years agoChina stocks rose on Friday after Chinese banks cut the benchmark reference rate for mortgages by an unexpectedly wide margin to revive the ailing housing sector and to prop up a slowing economy hit by severe COVID-19 outbreaks.
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