South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. But the investment loss does not mean the governance … Read more

China’s factory activity at lowest reading since April; Asia markets largely higher

China's factory activity at lowest reading since April;  Asia markets largely higher

Bitcoin briefly crosses $17,000 to highest levels since mid-November The price of bitcoin briefly surpassed $17,000 in Asia’s morning session for the first time since mid-November. Bitcoin rose 2.2% from the 24 hours previous, according to Coin Metrics and last traded at $16,863.07 per coin. Ether also rose, and was up 4.74% in the past … Read more

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years;  US markets closed

Proposed G-7 price cap may not have any effect whatsoever on Russia, says Wood Mackenzie The Group of Seven (G7) nations’ proposed price cap for Russian oil of between $65 and $70 a barrel may not be a significant deterrent for Moscow, according to Wood Mackenzie. The planned cap is not expected to make a … Read more

Fed minutes, Bank of Korea decision, Sri Lanka

Fed minutes, Bank of Korea decision, Sri Lanka

Malaysian stocks rise as state palace announces prime minister Malaysia-listed stocks rose as the the state palace announced Anwar Ibrahim as the nation’s prime minister. The benchmark KLCI-index traded 3.86% higher following previous negative sessions, trading at the highest levels in more than two months. Telecommunications group Axiata Group Bhd rose 12.4%, and Maxis Bhd … Read more

Anwar Ibrahim makes history as tenth Malaysian prime minister

Anwar Ibrahim makes history as tenth Malaysian prime minister

Long-time Malaysian statesman Anwar Ibrahim is the country’s new prime minister after the Southeast Asian nation’s palace made the announcement on Thursday ending a protracted election deadlock. Following the meeting with state rulers and in line with the Malaysian constitution, the king appointed Anwar as the Southeast Asian nation’s tenth prime minister. The king said … Read more

Asia-Pacific markets trade lower; China keeps LPR steady

Asia-Pacific markets trade lower;  China keeps LPR steady

China keeps its loan prime rates on hold as expected China left its benchmark lending rate unchanged for a third month in a row, according to an announcement from the People’s Bank of China. The one-year loan prime rate is steady at 3.65%, and the five-year rate is also on hold at 4.3%, the notice … Read more

Hong Kong stocks up 3% as tech stocks rise; China’s activity data disappoints

Hong Kong stocks up 3% as tech stocks rise;  China's activity data disappoints

Fertilizer is key to get Black Sea grain deal in motion again, says expert A greater emphasis on fertilizer will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior advisor from Center for Humanitarian Dialogue. He explained that 70% of Europe’s fertiliser production … Read more

Hong Kong stocks jump after China trims quarantine period, up more than 7%

Hong Kong stocks jump after China trims quarantine period, up more than 7%

Oil prices rise more than 2% on back of China easing quarantine measures Reopening stocks jump after China’s eased Covid measures reported China trims Covid quarantine time by two days Chinese state media announced on Friday that the country will reduce quarantine time for international travelers by two days. The revised rules state travelers will … Read more

Asia markets rally; China keeps benchmark lending rate unchanged

Asia markets rally;  China keeps benchmark lending rate unchanged

SINGAPORE — Shares in the Asia-Pacific jumped Wednesday after a sharp bounce in US stocks overnight. The Nikkei 225 in Japan rose 2.46% with Fast Retailing and Tokyo Electron up 1.79% and 5.6% respectively. The Topix index gained 2.04%. Hong Kong’s Hang Seng index briefly traded 2% higher and was last up 2.29%. The Hang … Read more