South Korea inflation, US jobs report, COVID-19 in China

Singapore and New York ranked the most expensive cities to live in: EIU Singapore and New York were named as the most expensive cities to live in this year, according to Economic Information Unit (EIU). The average price of goods in 172 major cities globally has risen by 8.1% in local currency terms this year, … Read more

Fed Minutes, Bank of Korea Decision, Sri Lanka

Malaysian stocks rose with the announcement of the Prime Minister’s State Palace Listed shares rose in Malaysia as the state palace announce Anwar Ibrahim, Prime Minister of the nation. pointer KLCI Index It was trading up 3.86% following the previous negative sessions, and it traded at the highest levels in more than two months. communication … Read more

Hong Kong stocks rose more than 4% as technology stocks rose; Chinese activity data is disappointing

One expert says fertilizer is key to getting the Black Sea grain deal started again A greater focus on fertilizer will help lower the global cost of food and secure an extension of the Black Sea Agreement, said Michael Vatikiotis, senior advisor at the Center for Humanitarian Dialogue. He explained that 70% of fertilizer production … Read more

Hong Kong stocks rise, Asian markets mixed before Fed rate decision

Hang Seng in Hong Kong was ‘ready for any kind of recovery’: Goldman Sachs Timothy Mo, senior regional equity strategist for Asia Pacific at Goldman Sachs, said the Hang Seng’s rally this week was in part because it was “ready for any kind of recovery, rebound and short-covering.” The two-day rally followed sharp declines after … Read more

Stocks fell, and the Japanese yen approached 150 against the dollar

Hong Kong-listed airlines briefly climb due to report China discusses quarantine reduction Shares of some Chinese airlines listed on the Hong Kong stock exchange briefly rose after a Bloomberg report that Chinese officials are discussing reducing the quarantine period for incoming travelers. Soon after the report, China Southern Airlines stock is up about 3%, Air … Read more

Hong Kong shares fell 2%, topping losses in mixed Asian trade after John Lee’s speech

William Ma says it’s ‘too early’ to buy property in Hong Kong for policies to attract talent again William Ma, chief investment officer at GROW Investment Group, said it was still too early to buy real estate stocks and physical property in Hong Kong. Speaking on CNBC’s “Street Signs Asia,” Ma said investors in the … Read more

Stocks fall as recession fears weigh

The economist says Xi’s speech shows that the real estate sector is likely to be state-led Chinese President Xi Jinping’s recent speech during the National Congress of the Communist Party of China shows that the nation could see more state-led developers in the real estate sector, according to economist Alicia Garcia-Herrero of Natixis. She said … Read more

Chinese chip stocks drop, Hang Seng down 2%

Australian dollar falls to its weakest since April 2020 The Australian dollar It weakened sharply in afternoon trading in Asia, falling to $0.6321, to levels not seen since April 2020. The currency may weaken further below $0.62 this week, according to Carol Kong, associate director for international economics and currency strategy at the Commonwealth Bank. … Read more

Stocks drop, Chinese yuan tops 7.2 against the dollar

The Chinese yuan is likely to return to the “reasonable range” soon The yuan is likely to return to the “reasonable range” between six and seven against the US dollar — as soon as next year, said Han Baojiang, director of the Department of Economics at the Party School of the CPC Central Committee. That’s … Read more