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South Korea Rate Decision On Tap For Thursday
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is widely expected to hike its benchmark lending rate by 25 basis points, from 2.25 percent to 2.50 percent.
New Zealand will provide Q2 numbers for retail sales; in the three months prior, retail sales were down 0.5 percent on quarter and up 2.3 percent on year.
Hong Kong will release July figures for imports, exports and trade balance. In June, imports were up 0.5 percent on year and exports slipped an annual 6.4 percent for a trade deficit of HKD68.5 billion.
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Indian Shares Tumble Amid Geopolitical Concerns
Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
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25 minutes ago
Australian Market Extends Early Strong Losses In Mid-market
The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
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1h 30min ago
Asian Markets Sink Amid Inflationary Risks
Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
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1h 48min ago
Indian Shares Set For Weak Opening As Oil Extends Surge On Mideast Tensions
Indian shares are seen opening notably lower on Friday as investors fret about the inflationary impact of elevated crude prices amid escalating geopolitical concerns.
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2h 19min ago
Losing Streak May Continue For Thai Stock Market
The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
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2h 57min ago
Japanese Market Sharply Lower
The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
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3h 20min ago
Indonesia Stock Market Tipped To Open In The Red
The Indonesia stock market has finished lower in two straight sessions, surrendering almost 100 points or 1.4 percent in that span. The Jakarta Composite Index now rests just beneath the 6,590-point plateau and it may continued selling pressure on Friday.
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3h 27min ago
No Help Yet For Hong Kong Stock Market
The Hong Kong stock market has moved lower in three straight sessions, sliding more than 650 points or 2.6 percent along the way. The Hang Seg Index now sits just above the 24,950-point plateau and it's likely to extend its losses on Friday.
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3h 42min ago
