Market Pulse - Asia
Asia report: Markets mixed as China manufacturing data surprises
Markets closed in a mixed state in Asia on Tuesday, with investors weighing renewed Covid-19 concerns as they thumbed through manufacturing data out of China that beat forecasts.
JP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023
Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
China pledges 1.0bn Covid-19 vaccine doses for Africa
China announced its intention to supply a further one billion doses of its Covid-19 vaccines to African countries on Monday.
Asia report: Stocks fall on fears of Omicron variant
Stock markets were lower at the close in Asia on Monday, as investors watched for developments in the recently-discovered ‘Omicron’ variant of Covid-19.
Russian energy minister warns against 'hasty' decisions on oil output
Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.
New Covid variant triggers alarm bells around the world
Authorities in the UK and many other European countries moved quickly to cut travel links with South Africa and several other countries in southern Africa following the detection of a new variant of Covid-19 with a large number of mutations on the so-called 'spike' protein.
Asia report: Markets fall amid fears of new Covid-19 variant
Equities in Asia fell across the board on Friday, amid concerns around a new, mutated variant of Covid-19 that has emerged in Africa.
Asia report: Stocks mixed as Bank of Korea hikes policy rate
Markets closed in a mixed state in Asia on Thursday, with South Korean equities in focus after the Bank of Korea hiked interest rates.
US foreign trade deficit falls sharply in October
America's shortfall on trade with the rest of the world dropped sharply last month amid a jump in exports.
Asia report: Stocks mixed as RBNZ lifts rates for second time in two months
Markets were mixed at the end of trading in Asia on Wednesday, as New Zealand’s central bank hiked interest rates for the second time in as many months.
Turkish lira still in freefall
Turkey´s lira went into freefall on Tuesday after the country´s President said the country was fighting an "economic war of independence".
Asia report: Markets finish mixed as Chinese tech plays weaken
Markets closed in a mixed state in Asia on Tuesday, with technology shares a particular point of pain in the region, as investors reacted to the news that US President Joe Biden had renominated Jerome Powell as chair of the Federal Reserve for a second term.
Rouble weakens as US intel shows plans for potential Ukraine invasion
The rouble was under pressure again at the start of the week following reports detailing Russian troop and artillery movements which some fear could presage a large-scale push into Ukraine.
Asia report: Markets mixed as PBoC stands pat on interest rates
Markets closed in a mixed state in Asia on Monday, as China’s central bank stood pat on interest rates, sating market expectations.
Asia report: Markets mostly higher, Alibaba plunges on poor earnings
Markets in Asia were mostly higher as they closed on Friday, with the Hong Kong bourse being the notable exception, as Alibaba fell through the floor after its latest earnings disappointed.
Asia report: Markets fall with oil prices, Chinese tech plays tumble
Equities were lower across the Asia-Pacific region on Thursday, with traders taking their cues from a weak showing on Wall Street overnight, as Chinese tech names tumbled.
Asia report: Markets fall as Japan exports come in weak
Most equity markets in Asia closed in negative territory on Wednesday, as investors digested weak export data out of Japan, and looked to earnings from Chinese internet giant Baidu.
Asia report: Markets mixed as Biden and Xi meet virtually
Markets were in a mixed state as they closed in Asia on Tuesday, as investors watched for developments from a virtual meeting between United States president Joe Biden and his Chinese counterpart Xi Jinping.
Asia close: Stocks mostly higher ahead of Biden-Xi summit
Asia Pacific stocks put in modest gains at the start of the week, buoyed by a raft of mostly better-than-expected macroeconomic data out of China and ahead of a virtual summit between the leaders of the US and China scheduled for Monday evening US time.
Toshiba plans to split into three independent companies
Multinational conglomerate Toshiba revealed on Friday that it intends to split into three independent companies as part of an effort to appease activist shareholders.