Markets Daily In Brief - Page 7

ASIA/PACIFIC -Asia-Pacific stocks ended Thursday’s session lower as investors digested high-level talks between the United States and China. -China’s crude steel output fell for the fourth consecutive month in October, official data showed on Wednesday. -Japan’s trade surplus in October stood at ¥662.5 billion ($4.4 billion), worsening from a surplus of ¥72.1 billion in September, data from the Ministry of Finance showed. EUROPE

ASIA/PACIFIC -Asia-Pacific markets rose on Tuesday ahead of U.S. President Joe Biden and China’s President Xi Jinping’s meeting in San Francisco scheduled for later in the day, for the first time in about a year. -Energy and mining companies lifted the Australian stock market on Tuesday, as investors await the latest inflation data out of the US. -India: Major ports log FY24’s

ASIA/PACIFIC -Most Asia-Pacific markets were mixed on Monday as U.S. President Joe Biden and China’s President Xi Jinping are set this week for their first in-person meeting in about a year. -Fitch Ratings stated on Monday that China’s increasingly tiered regulations intended for the securities sector will likely benefit that sector, boosting greater capital efficiency. -Australian ports began reopening on Monday following

ASIA/PACIFIC -Asia-Pacific markets fell on Friday amid a downbeat tone set by U.S. markets overnight as as hawkish comments from Fed officials dented hopes that interest rate hikes are finished. -South Korea’s top financial regulator Financial Services Commission (FSC) has not ruled out the possibility of extending a ban on stock short-selling, to avoid stock market being ‘titled playing field’ Nikkei Asia

ASIA/PACIFIC -The Australian stock market continued its weaker trading  after the country’s central bank raised its key policy rate for the first time in five months. -South Korean led losses in the wider Asia-Pacific region as China’s trade surplus was down to $56.53B in October. -Asia’s imports of seaborne thermal coal climbed to 75.77 million metric tons in October from 70.29 million

ASIA/PACIFIC -South Korea stocks surged more than 5% for best session since March 2020 after authorities said short selling will be banned until the end of June 2024. -In Australia, the S&P/ASX 200 closed higher: Lender Westpac rose nearly 2 percent after raising dividend and announcing a share buyback. -Tweaks to Beijing Stock Exchange set off China IPO boom: Round of revisions

ASIA/PACIFIC -The Australian stock market rallied on Friday as retail sales grow, investors bet on rates freeze. -Hong Kong leads gains in Asia as investors digested the latest report on business activity in China, which showed that activity in the private sector expanded moderately in October. -Philippine exchange greenlights short-selling for first time, aiming to boost trading volumes, improve corporate governance. EUROPE