All articles tagged with #asian equities
Asian equities rose as positive economic indicators from China, including the highest retail sales growth in eight months and a slower decline in property prices, boosted markets in Hong Kong and Australia. Japanese stocks also gained due to a weaker yen, while US stock futures saw a slight decline.
Asian equities are experiencing mixed performance in afternoon trading as investors await the release of US GDP data. This uncertainty reflects the cautious sentiment in financial markets amid concerns about the global economy.
Asian equities fell following declines in European stocks and bonds as European Central Bank officials tempered rapid rate cut expectations, with Australian and Japanese shares slipping and US equity contracts edging lower. Treasuries declined in their first trading session since Friday, while oil prices remained steady after a Monday decline.
Japanese stocks, led by the Nikkei, reached a near 34-year high, while Asian equities remained subdued ahead of U.S. inflation data. U.S. rate futures are pricing around 140 basis points of rate cuts this year, with focus on Thursday's U.S. consumer price data. Geopolitical tensions and disruptions in the Red Sea and Libya raised oil prices, while foreign exchange and fixed income markets traded cautiously. Chinese lending figures are also awaited, with expectations of further easing amid dour investor sentiment.
Asian equities edged higher, while the dollar weakened as traders awaited economic data that could provide insights into the next moves by the US Federal Reserve. Oil prices rebounded after concerns arose about the Israel-Hamas conflict escalating into a broader conflict in the oil-exporting region. The MSCI Asia-Pacific index outside Japan rose slightly, but remains down for the month. Investor attention will be divided between earnings reports from major companies and a slew of economic data ahead of the Fed's meeting. China shares remained under pressure, while the yield on the 10-year US Treasury note rose. The dollar softened against a basket of currencies, and bitcoin surged on speculation of a possible exchange-traded fund.
Asian equities are following the downward trend set by US stocks after strong retail data was released, indicating a potential shift in market sentiment.
Asian equities have declined ahead of the US debt ceiling vote, with investors cautious about the potential impact on the market.
Credit Suisse will borrow up to $53.7 billion from Switzerland's central bank to support its business amid market contagion from the collapse of Silicon Valley Bank. Asian equities sold off, with Hong Kong's Hang Seng Index and Japan's bank-heavy Topix down 1.55 and 1.29 percent, respectively. Investors flocked to safe-haven assets such as gold and government bonds. Treasury Secretary Janet L. Yellen is set to testify on Capitol Hill on Thursday, and the Bank of England is monitoring the situation for any signs of a deepening crisis.