ASIAN AND PACIFIC STOCK MARKETS TODAY INDICES

Japanese core inflation is just 1.4%, and if we strip out food and energy, inflation is a mere 0.4% year over year. And so we don’t expect any tightening from the Bank of Japan or of fiscal policy over the next six months. Secondly, the Japanese yen is acting as a funding currency and a buffer for earnings, rather than the typical safe haven that historically tends to amplify earnings drawdowns in an economic downturn. And third, improving capital discipline is contributing to newfound earnings resilience and insulating the return on equity, with buybacks tracking at a record pace of ¥10 trillion annualized year to date. As Morgan Stanley’s Chief Global Economist Seth Carpenter noted in mid-August, the clouds of recession are gathering globally. In the U.S., the Fed is hiking rates and withdrawing liquidity.

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On Aug. 25, PDD stock jumped above its 50-day and 200-day lines, offering an early entry in a bottoming base with an official 68.81 buy point. Alibaba and JD.com are having a tougher time in a struggling economy. download historical usd to dkk rates But Pinduoduo’s bargain-focused operations have gained in popularity. BYD is listed in Hong Kong and trades over the counter in the U.S. The BYDDF stock chart is prone to lots of little gaps up and down.

The IPC meets regularly to talk about the markets, the economy and the current environment, propose new policies and review existing guidance – all with your financial needs at the center. Our expectation for Japan’s economy is low but steady growth of 1.3% on average over 2022 and 2023. Early Monday’s faux stock market rally was symptomatic of frustrating… Look for companies that have new, game-changing products and services. Invest in stocks with recent quarterly and annual earnings growth of at least 25%.

Material news during trading hours can result in price volatility. With a smaller trading period, more news will happen outside regular trading hours which gives investors more time to digest information and can prevent rushed trading decisions. Until a pattern of lower inflation readings is established , equities are going to have a hard time mounting a sustainable rebound. With the Fed firmly on the brakes and growth slowing, the macroeconomic backdrop remains challenging, requiring patience from investors. Markets might stay rangebound for a while but should eventually start recovering as central banks become less hawkish.

• PDD stock kept soaring into early September, rising as rivals and many other Chinese firms sold off.
• The Stock Exchange of Thailand now rests just above the 1,620-point plateau and it’s tipped to open under pressure again on Tuesday.
• Asian shares were mostly lower Thursday, tracking the broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time.
• For the correlation coefficient, 1.0 describes two markets that move completely in lockstep and zero means that the markets have no influence on each other at all.
• The Bank of England, Swiss National Bank and Norway’s central bank all hiked rates, consistent with the coordinated policy response to address inflation pressures across most of the developed world.

Shares retreated following EV deliveries data, China Covid restrictions and overall market weakness. But Nio stock rose back toward the 50-day line following Q2 results and guidance. BYD has started some Atto 3 deliveries in New Zealand and Australia. The Atto 3 is the Yuan Plus’ name for most overseas markets. Several other Asian countries will follow in the next few weeks and months, along with deliveries across much of Europe in the fourth quarter.

More Asian Markets

Investors are concerned about the increasing likelihood of a recession, as central banks continue to raise interest rates to contain inflation. Federal Reserve and the Bank of England said last week that they would raise rates. Holger Hauenschild has been active in the flavor industry for over 35 years.

• The oil prices will continue to remain on the tenterhooks as fears of the global recession are skyrocketing.
• The Kuala Lumpur Composite Index now rests just beneath the 1,415-point plateau and it’s expected to open in the red again on Tuesday.
• BYD announced a deal to build an auto plant in Thailand, with production set to begin in 2024.
• Revenue rose 36% to $4.69 billion, more than $1 billion above consensus.

“It’s looking very clear now that the major central banks are not going to blink in bringing down inflation at the cost of growth,” said Rob Subbaraman, head of global macro research at Nomura. Indian shares opened Tuesday’s session on a positive note after recent string of losses on concerns over a combination of interest-rate, currency and economic risks. The benchmark S&P BSE Sensex rose 442 points, or 0.8 percent, to 57,587 in early trade, while the broader NSE Nifty index was up 129…

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Energy stocks led the losses, as oil declined 5.5% and dropped below $80 a barrel. The U.S. dollar reached a new 20-year high against other major currencies supported by the risk-off sentiment and this week’s rise in U.S. yields. Markets end lower in response to a hawkish Fed – Stocks swung between gains and losses but finished lower in response to the Fed’s hawkish projections. Also souring sentiment, geopolitical tensions remain high amid headlines that Putin will mobilize army reserves to support the Ukraine invasion. Short-term bond yields rose, while the 10-year yield declined likely signaling more economic uncertainty ahead. Depressed sentiment could help stem further declines – Friday closes another losing week, with the S&P 500 down about 23% this year, and investment-grade bonds down 14%.

• While the information is believed to be accurate, it is not guaranteed and is subject to change without notice.
• The Thai stock market has moved lower in two straight sessions, slipping almost 25 points or 1.6 percent along the way.
• But which are the best Chinese stocks to buy or watch right now?
• Markets in most of the rest of the world do not close for lunch.
• During this time, he has excelled in operations, setting up many chemical plants and engineering works.

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Asian Markets Mostly Lower On Global Cues

In a letter to investors, the founder said that a lack of transparency in markets like China is making it increasingly difficult to make good investments. After a busy week of central-bank meetings, the market’s attention next week will shift to the strength of the economy. Key macroeconomic releases in the U.S. include durable goods orders, consumer confidence, and personal income and spending data. So where do all these global and domestic cross-currents leave us with respect to Japanese equities? We remain overweight on the TOPIX index versus our MSCI Asia-Pacific, ex-Japan and emerging markets coverage.

You can sign up to our newsletter and you’ll never miss an update. New features & important announcements straight to your inbox. Many markets in Asia and a few markets in the Middle East close for lunch. Markets in most of the rest of the world do not close for lunch. Our market countdown and the TradingHours.com API both take lunch breaks into account.

While the information is believed to be accurate, it is not guaranteed and is subject to change without notice. The IPC members – experts in economics, market strategy, asset allocation and financial solutions – each bring a unique perspective to developing how does a brokerage account work recommendations that can help you achieve your financial goals. But currently, the external environment for Asia’s major exporters is weakening as a result of tighter policies, slower growth and a revision in spending from goods to services.

Asia Media Digest

Between plummeting oil prices, a Shanghai stock market that had to be shut down twice in as many days, and the worst start of a year in history for the S&P 500, it’s been — to put it mildly — a bit of a January. China has taken center stage as regulators attempt to intervene in a market that seems determined to fall, a situation that has investors in American investors just as worried. There is limited liquidity during extended hours which can cause increased volatility, larger spreads and greater price uncertainty. Earnings reports and other significant news are typically announced after regular trading hours end. As for the Japanese yen, we believe that a weaker yen is still a tailwind for TOPIX earnings.