Market Pulse - Asia
OPEC+ rubber stamps crude oil output quota increase for August
The world's largest grouping of crude oil exporting countries went ahead with plans to raise its permitted output ceiling, as expected.
Asia report: Stocks rise on another stellar day for Chinese tech
Stock markets in Asia were in the green as they closed on Friday, with Hong Kong’s main board rising more than 2%.
Asia report: Chinese tech shares lead gains across region
Most markets ended the day higher in Asia on Thursday, with Chinese stocks leading the gains, as oil prices were in the red for the second day running.
Asia report: Stocks finish weaker as oil prices slide
Markets were lower at the end of Wednesday’s session in Asia, with technology firms in Hong Kong among the biggest losers, as oil prices also weakened.
Asia report: Stocks mostly higher after RBA minutes
Stock markets in Asia were mostly higher on Tuesday, with Japanese shares leading the charge, as investors digested the minutes from the Reserve Bank of Australia’s most recent meeting.
Asia report: Markets mixed as PBoC stands pat on rates
Stock markets closed in a mixed state in the Asia-Pacific region on Monday, after China’s central bank stood pat on its benchmark interest rates.
Opportunity knocks, BofA says
Financial markets have reached a critical juncture with positioning across asset classes as bearish as at any time seen since August 2002, July 2008, 11 September, September 2015, January 2016 and March 2020, but opportunity might be about to knock on investors' door, said strategists at Bank of America.
Asia report: Stocks mixed as BoJ maintains super-easy policy
Stocks closed in a mixed state in Asia on Friday, with Japan’s top-flight index losing almost 2% as investors weighed renewed global recession fears.
Asia report: Markets mixed after Fed hike, Japan trade data
Stock markets were mixed at the end of trading in Asia on Thursday, with Hong Kong’s bourse leading the losses, as investors digested the US Federal Reserve’s largest single interest rate hike since 1994.
Asia report: Better-than-expected data lifts Chinese markets
China’s bourses led gains in a mixed session for Asia on Wednesday, after fresh economic data painted a better-than-expected picture of the country’s economy.
Asia report: China bounces, rest of region falls further
Most stock markets in Asia closed in the red on Tuesday, with the stark exception of bourses in mainland China, which staged a rebound after Monday’s losses.
Asia report: Tech shares lead Monday tumble across region
Stock markets were in the red by the end of trading in Asia on Monday, as investors began to close their pocketbooks ahead of a slew of economic data out of China later in the week, as well as the latest interest rate decision from the US Federal Reserve.
Asia report: China leads gains on mixed day for region
Stocks in China led the gains on a mixed Friday in the Asia-Pacific region, as producer inflation in the country slowed in line with expectations.
Consumer inflation unchanged in China, producer price growth slows
Consumer price inflation was unchanged in China in May, according to fresh official data released on Friday, while producer price growth slowed in line with expectations.
Asia report: Markets fall as Shanghai faces fresh lockdowns
Most stock markets in Asia were on the back foot on Thursday, as sentiment was dampened by reports of renewed Covid-19 restrictions in parts of Shanghai.
Chinese exports rise 16.9% in May, imports up 4.1%
Chinese exports rose 16. 9% year-on-year in May to hit $308. 25bn, according to the General Administration of Customs, beating analysts' expectations amid a relaxation in recent Covid-19 lockdown measures, while imports rose 4. 1% in dollar terms, the first expansion in three months, reaching $229. 49bn.
Jefferies sees StanChart announcing share buy-back reload alongside Q2 results
Analysts at Jefferies reiterated their 'buy' recommendation for shares of StanChart, highlighting the potential now for the lender to re-load its buy-back programme for the second quarter.
Asia report: Stocks rise on Japan data, India rate hike
Hong Kong led broad gains on Asian stock markets on Wednesday, as Alibaba Group soared, while India’s central bank tacked 50 basis points onto its key interest rate.
Asia report: Markets mixed as RBA makes 'outsized' rate hike
Stock markets closed in a mixed state in Asia on Tuesday, after Australia’s central bank hiked its key interest rate more than analysts were anticipating.
Asia report: Hong Kong tech shares lead Monday gains
Most markets closed in positive territory in the Asia-Pacific region on Monday, with Chinese technology plays soaring in Hong Kong on fresh regulatory developments.