Asia-Pacific markets gain after Fed rate hike

SINGAPORE — Stocks in the Asia-Pacific region rose Thursday after the US Federal Reserve’s decision to raise interest rates by 75 basis points to fight inflation, a move widely expected. Japan’s Nikkei 225 rose 0.83%, while the Topix index rose 0.37%. In Australia, the S&P/ASX 200 was up 0.35%. South Korea’s Kospi rose 0.88%, while … Read more

South Korea GDP, central bank, currency, oil

GDP South Korea South Korea’s economy grew 0.7% in the second quarter from the first quarter of 2022, according to estimates from the Bank of Korea. That compares to a 0.4% growth analysts expected in a Reuters poll. The country’s GDP grew 0.6% in the January-March quarter. “This morning’s printout actually gives the [Bank of … Read more

Fed, Economic Data, Inflation Currencies, Oil

SINGAPORE — Stocks in the Asia-Pacific region were mixed Monday ahead of an important week in the US Japan’s Nikkei 225 fell 0.6% and the Topix index lost 0.42%. In South Korea, the Kospi rose fractionally, while the Kosdaq lost 0.16%. The Australian S&P/ASX 200 hovered above the flatline. MSCI’s broadest index of Asia-Pacific stocks … Read more

Bank of Japan, Interest Rates, Currency, Oil

SINGAPORE — Stocks in the Asia-Pacific region were mixed on Thursday as investors look ahead to the Bank of Japan’s rate decision. In Australia, the S&P/ASX 200 rose 0.15% in early trading. South Korea’s Kospi gained 0.17% and the Kosdaq rose 0.32%. Japan’s Nikkei 225 fell 0.14% while the Topix index lost 0.25%. According to … Read more

Asia markets rally; China keeps benchmark rate unchanged

SINGAPORE – Shares in Asia-Pacific rose Wednesday after a sharp jump in US stocks overnight. Japan’s Nikkei 225 rose 2.33%, with Fast Retailing and Tokyo Electron rising 1.75% and 4.98% respectively. The Topix index gained 1.92%. Hong Kong’s Hang Seng Index rose 2.03% and the Hang Seng Tech Index rose 2.77%. Tencent shot up 2.52% … Read more

How to Invest in Energy Stocks, Oil Companies: Morningstar Strategist

Crude oil prices have risen broadly over the past year due to supply cuts and the war between Russia and Ukraine; unsurprisingly, this has given oil supplies a major boost. But some of these companies are starting to look expensive, according to David Sekera, Morningstar’s chief US market strategist, who said there is another corner … Read more

Reserve Bank of Australia, stocks, currencies, oil

SINGAPORE — Stocks in Asia-Pacific were mixed on Tuesday after a positive start to the week, as investors digested the minutes of the Australian central bank meeting. Japanese markets returned to trading on Tuesday after a holiday on Monday, with the Nikkei 225 gaining 0.69% while the Topix index climbed 0.48%. South Korea’s Kospi lost … Read more

Asia-Pacific Shares Rise in Early Trading; New Zealand Inflation at 32 Years High – CNBC

Asia-Pacific Shares Rise in Early Trading; New Zealand inflation high at 32 yearsCNBC Cost of living rises: inflation hits 7.3% – highest in 32 yearsRNZ Cost of Living Crisis: Inflation Hits 7.3% – 32 Year HighNewstalk ZB Live: Cost of Living Crisis – Inflation Hits 7.3%, Highest in 32 YearsNew Zealand Herald ANZ chief economist … Read more

China GDP, Industrial Production, Retail Sales

SINGAPORE – Chinese markets fell as Asian stocks fell Friday ahead of Chinese data, including GDP and retail sales. The Shanghai Composite lost 0.48%, while the Shenzhen Component was slightly lower. In Australia, the S&P/ASX 200 fell 1.44%. South Korea’s Kospi gave up its first gains, falling 0.64% and the Kosdaq losing 0.94%. Japan’s Nikkei … Read more

China exports, imports, central banks, interest rates

SINGAPORE – Asia-Pacific stocks were mixed on Wednesday ahead of Chinese trade data and central bank decisions in the region. Investors will also be looking ahead to the US inflation report for June. Japan’s Nikkei 225 rose 0.48% and the Topix index gained 0.43% In South Korea, the Kospi was up 0.39% and the Kosdaq … Read more