Asian stocks mixed after Wall Street slump; China PMI beats estimates

Factory activity in China expected to contract again China’s official manufacturing Purchasing Managers’ Index for September is expected to come in below the 50-point mark separating growth from contraction, according to a Reuters poll of analysts. Economists expect a figure of 49.6, slightly higher than August’s 49.4, which would mark the third consecutive month of … Read more

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

EV maker Leapmotor’s shares plunge in Hong Kong debut Chinese electric vehicle maker Leapmotor’s shares tumbled more than 32% from its offer price of 48 Hong Kong dollars ($6.29) per share on its first day of trade in the city. Onewo, a subsidiary of property developer China Vanke, also started trading in Hong Kong. It … Read more

Stocks fall, Chinese yuan crosses 7.2 against the dollar

Consumer inflation in Japan could decline in 2023: BOJ meeting minutes Consumer inflation excluding fresh food is likely to rise this year, but the rate of increase will slow thereafter on energy prices, minutes from the Bank of Japan’s July meeting said. A few members also said inflation, excluding fresh food and energy, is unlikely … Read more

Asia markets mostly fall, China stocks rise slightly

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brandon Thorne | Bloomberg via Getty Images Asia-Pacific shares mostly fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 1.56% on its … Read more

Fed hike, Bank of Japan, interest rates, currencies

Bank of Japan likely to maintain yield curve control for rest of 2022: DBS Substantial adjustments to the Bank of Japan’s policies are likely to happen only after the central bank’s leadership changes in mid-2023, DBS Group Research said in a note Tuesday. But the BOJ may consider some “policy fine-tuning,” such as widening the … Read more

Japan CPI inflation, China loan prime rate, currencies

CNBC Pro: Fund manager says the bear market is going to get ‘nasty’ Fund manager Cole Smead believes the stock market is still in the early innings of a bear market — and warns that it won’t be a “garden variety” one. But, he is not losing any sleep over it. Here’s why: Pro subscribers … Read more

Stocks fall, Chinese yuan crosses 7 level

Pedestrians cross a road in front of an electronic quotation board displaying the numbers of company stock prices on the Tokyo Stock Exchange in Tokyo on May 13, 2021. KAZUHIRO NOGI | AFP via Getty Images Shares in the Asia-Pacific fell Friday as investors digest US economic data and look ahead to the release of … Read more

Oil higher as market weighs weak demand, potential supply disruption

An oil pumpjack in Los Angeles, California. Oil prices rose on Wednesday. Mario Tama | Getty Images News | Getty Images Oil prices edged higher on Thursday as the market balanced weak demand with supply disruption amid a looming rail stoppage in the United States, the world’s biggest crude consumer. Brent crude futures were up … Read more

Stocks rise after previous negative session

Australia adds 33,500 jobs in August Australia added 33,500 jobs in the month of August, a 0.2% increase from July in seasonally adjusted terms. Net employment declined in July. The nation’s unemployment rate rose to 3.5%, with the youth unemployment rate at 8.4% for the month. The market participation rate is at 66.6%, marginally higher … Read more

Oil dips, reversing gains after bearish US economic data

An oil pumpjack operating as another stands idle in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Oil prices fell on Tuesday in choppy trading, reversing earlier gains as US consumer prices unexpectedly rose in August, giving cover for the US Federal Reserve to deliver another hefty interest rate increase next … Read more