Markets News - Page 3

ASIA/PACIFIC -The Australian stock market closed near two-year highs on Thursday on the back of rising iron prices. -China and Hong Kong markets led a rally in Asia stocks -Singapore, Malaysia to raise consumption tax amid inflation fears, the Nikkei Asia reported. EUROPE -Major European stock markets opened higher as investors look forward to the start of the next year. -The governors

ASIA/PACIFIC -The Australian stock market set a new 100-day high on the first day of trade after the Christmas and Boxing Day break, following the broadly positive cues from #WallStreet overnight, with gains across most sectors led by technology stocks. -Major Asian markets traded higher on Wednesday with China and Hong Kong stocks gaining ground as video-game shares surged after Beijing’s top

ASIA/PACIFIC -The Australian stock market ended on a flat note on the last trading day before Christmas but posted its fourth straight weekly gain. -Asian markets were mixed Friday with Hong Kong’s Hang Seng tumbling following the newly announced curbs aimed at limiting spending on online games. -Japan’s headline inflation rate slowed to 2.8%, down from 3.3% in October, the slowest pace

ASIA/PACIFIC -The Australian stock market dropped on Thursday, dragged down by miners and banks and a negative lead from Wall Street overnight. -Asian markets tracked Wall Street’s decline, but Hong Kong’s Hang Seng index and the mainland Chinese CSI 300 bucked the downward trend. -India’s diamond polishing industry is awaiting details from developed countries after the announcement of a widely expected ban on

ASIA/PACIFIC -The Australian stock market has hit a 10-month high on Wednesday, extending the gains in the previous session as traders react to the continued optimism over the outlook for interest rates. -Asia markets rose Wednesday as the People’s Bank of China held its one-year loan prime rate at 3.45%. The optimism also reflected the Bank of Japan’s (BoJ) recent monetary policy

ASIA/PACIFIC -The Australian stock market hit 10-month high on Tuesday after minutes from the Reserve Bank of Australia’s December meeting noting positive signs for inflation. -Asian stocks ended mixed on Tuesday with Japan’s Nikkei 225 index closing more than 1% higher as the Bank of Japan (BoJ) decided unanimously on Tuesday that it would keep interest rates at -0.1%. BoJ Governor Kazuo

ASIA/PACIFIC -The Australian stock market lost ground on Monday at the start of the penultimate week of 2023, after New York Fed chief Williams said that a March cut seems ‘premature’, tempering market speculation about imminent rate cuts. -Asian markets closed mostly lower Monday while South Korean shares bucked the trend as defense stocks led gains. -Japanese Yen reverses downtrend as policy