The three main US stock market benchmark indices — the Dow Jones, the S&P 500 and the 500-strong Nasdaq Composite — rose on Thursday, March 30. The blue-chip Wall Street gauges took positive moves across a majority of main markets across Asia and Europe. Investors awaited a key US GDP estimate and data on jobless claims from the US to assess the resilience of the world's largest economy.
Solar flares are rated on the basis of their intensity. The most intense is an X-class solar flare. It caused HF radio blackouts over southeast Asia, Australia and new Zealand.
The flare erupted from sunspot AR3256 near the southwestern limb of the star in our Solar System. The eruption was captured by Nasa's Solar Dynamics Observatory, which watches the Sun. This was the seventh such explosion from the Sun in just three months of 2023.
Apple is opening its fifth store in the center of Seoul's posh Gangnam district, with local media reporting plans to open a sixth this year. Apple set up a pop-up studio inside the new store, where visitors could listen to an exclusive spatial audio recording of NewJeans's hit song OMG. Apple is ramping up the offensive in Asia's key growth markets.
Iron ore giant began business in china with a 180,000-metric ton shipment in 2008. This time it's only going to be bigger in volume, forrest said on the sidelines of the Boao Forum for Asia. In 2010, China surpassed Japan to become the second largest economy in the world.
A lacklustre 0.6% rise in Asia's main stock market gauge shows that animal spirits haven't returned yet. Investors are scouting for shares of fundamentally strong regional lenders that were swept up in this month's epic sell-off.
Global stocks and bond yields rose as a deal by First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. The broadest index of Asia-Pacific shares outside Japan edged up 0.3% by early morning Hong Kong time.
Asia's economic data and policy calendar this week is light. Some may balk at recent events being termed a 'crisis' but consider: two of America's top 25 banks have collapsed; a global giant, Credit Suisse, has been swallowed up; worries over another, Deutsche Bank, are mounting; the Fed has taken emergency steps.
Anil Agarwal-led Vedanta Resources Ltd (VRL) has reached out to investors for a strategic stake sale of up to 10%. The billionaire said people with knowledge of the matter are also on the agenda.
Investors weigh remarks from u.s. Treasury secretary Janet Yellen. She said federal emergency actions to back up failed regional banks could be used again if necessary. In japan, the Nikkei 225 was down 0.38%, and the Topix saw a larger loss of 0.46%.
The 4-meter International Liquid Mirror Telescope (ILMT) is operational and can now be used to observe the deep celestial sky. The telescope recorded its first light in the second week of May 2022.
U.s. Government officials were also pondering increasing the limit on deposit insurance, though there was no agreement on this as yet. The unease left both S&P 500 futures and Nasdaq futures barely changed, with Chinese blue chips up 0.3%.
A sign posted on the exterior of a First Republic Bank office on March 16, 2023 in San Francisco, California. The central bank attempts to balance its inflation fight and stem a banking crisis. In the region, the Nikkei 225 up 1.54% and the Topix higher at 1.77%.
More than 1,000 objects in the museum’s holdings are linked to art trafficking. More than half of the group have records detailing how they traveled from their country of origin to New York. The report comes less than a week after the Indian Express published a list of more than 77 antiquities from south Asia in the collection of the Met that have been linked to infamous art dealer Subhash Kapoor.
Markets on wall street stage relief rally on the hopes that the banking crisis is easing. In australia, the S&P/ASX 200 rose 1.07% higher, while south Korea's Kospi was up 0.73% and the Kosdaq gained 0.78%. Markets in china are poised to rise, with Hang Seng futures at 19,166.
It was a big news Sunday afternoon/evening (US time/Europe time) which of course equates to early, illiquid Asia time. UBS will get CS for 3bn CHF and will receive a 9bn government guarantee. The move is seen as getting ahead of any potential surge in contagion liquidity demand.
The IEA predicts that Asia will account for half of the world’s electricity consumption by 2025, with one-third of global electricity being consumed in China. No Asian countries rely on wind, solar, or nuclear energy as their primary source of electricity, despite the combined share of these sources doubling over the last decade.
At least 77 antiquities from south Asia in the collection of the Metropolitan Museum of Art have been linked to convicted art trafficker Subhash Kapoor. The alleged looted works include a terracotta tile carved with figures carrying flowers dating back to the 3rd-4th century BCE. Among the oldest works singled out by the investigation are a stone sculpture of the torso and head of the Hindu deity Vishnu.
The euro's reaction to the decision was muted, though it gained more ground in Asia trade on Friday, rising 0.33% to $1.0647. The eurozone banking sector remains in reasonably solid shape, says wells Fargo international economist Nick Bennenbroek. Some investors are hoping the Fed could slow down on its aggressive rate-hike campaign in a bid to ease the stress on the financial sector.
A group of 11 banks, including Bank of America, Wells Fargo, Citigroup and JPMorgan Chase, will contribute a total of $30 million to First Republic. In mainland China, the Shenzhen Component was 0.76% higher, with the Shanghai Composite up 0.57%.
Shares in the bank plunged after it found weakness in its financial reporting. The topix banks share index fell by more than 4 per cent after recording its worst day in three years earlier this week.
ISTOil prices rose in early Asian trade on Thursday, clawing back some ground from more than one-year lows hit in the previous session. West Texas Intermediate crude futures rose 74 cents, or 1.1%, to $68.35 a barrel.
Consumer price index report for February came in at 0.4% and an annualized increase of 6%. In australia, the S&P/ASX 200 rose 0.78% as bank stocks rallied early in the trading day. The Nikkei 225 opened 0.52% higher, while the Topix climbed 1.17%.
U.s. Regulators announced plans to backstop depositors and financial institutions associated with Silicon Valley Bank. Customers withdrew $42 billion of deposits by the end of Thursday.
Thailand's economy is expected to post higher year-on-year growth in 2023. The rest of the region is battered by unfavourable global economic conditions and geopolitical tensions. Asia is set to be the fastest growing economy in Asia this year and next.
The region-wide Stoxx 600 fell 1.4 per cent, hit by declines in bank stocks such as Deutsche Bank and Société Générale. In Asia, Hong Kong’s Hang Seng index was down 3%, china’s CSI 300 fell 1.3 per cent and. South Korea’s Kospi declined 1 per cent. The sharp falls were sparked by a widespread sell-off overnight in US bank stocks.
Architect, urban planner and activist, Sir David Alan Chipperfield has been selected as the 2023 Laureate of the Pritzker Architecture Prize. His storied career spans more than 40 years and includes 100-plus projects, ranging from civic, cultural, and academic buildings to residences and urban masterplanning throughout Asia, Europe, and North America.
New research suggests some of Asia's major cities may be inundated by 2100. Sea levels have already been rising as a result of rising ocean temperatures and record-breaking glacier melting brought on by climate change. Earlier analyses overestimated the rate of sea level rise.
A basket of the MSCI Asia Pacific Index’s members with the highest proportion of women in management posted average five-year returns that were four percentage points higher than the benchmark. These stocks also outperformed a portfolio of companies with the fewest female in management by 26 percentage points over the same period. The bofA analysis of returns since 2010 is the latest to suggest diverse leadership can contribute to corporate success.
Despite other nations in Asia launching giveaway campaigns, Thailand is placing an emphasis on improving supply and service quality. The campaign succeeded in stimulating the domestic market, says Mr Suthiphong.
Hawkish remarks from u.s. Federal reserve chair jerome Powell on tuesday. Investors in Asia have a slew of potentially market-moving indicators on the docket. The main event in Asia will be the expected quarter point rate hike from the RBA.
Stocks in Asia-Pacific traded higher on Monday as investors digested China's growth target set in its parliamentary sessions. Economists expect to see a 25 basis point hike in its cash rate. In south Korea, the Kospi gained 0.4% and the Kosdaq climbed 0.6% as the nation's inflation showed further easing in February.
HS Prannoy and Treesa Jolly-Gayatri Gopichand pulled off huge wins against higher-ranked opponents in the group b contest of Badminton Asia Mixed Team Championship in Dubai on Tuesday. The win against Malaysia meant India will top the group and later in the night, they were drawn to face Hong Kong China in the quarterfinals.
Only 53 per cent of founders had positive fundraising experience in 2022, down from 92 per cent in 2021, a report said. 58 per cent expect a tough fundraising environment, according to the report by innoVen Capital, Asia's leading venture debt firm.
The survey covered 818 organisations and more than 800,000 employees. Indian corporate employees will see an average pay hike of 9.8 per cent in 2023. Top talent in any organisation will get a much higher salary hike this year.
"Act: Love Sick" kicks off with two nights in Seoul, south Korea. This will be the second world tour, a follow-up to 2022's 'Act: love Sick' band will hit Singapore on April 1 before heading out to Taipei, Taiwan four days later.
Economists expect a quarterly contraction of 0.8% in the nation's gross domestic product and 1.8% annualized growth. The Nikkei 225 rose 1.05%, leading gains in the region, and the Topix gained 0.73%.
Investors turning cautious ahead of key inflation data. Stocks pared gains after hawkish comments from two u.s. Federal reserve officials. Reopening after COVID-19 restrictions pushed commodities higher.
Mitchell Starc is aiming to be fit for the second test on australia's Qantas tour of india. The 32-year-old's middle finger of his left hand remains in a brace after he detached the tendon from the bone in the boxing day test in the NRMA Insurance series. He has been the second quick alongside pat Cummins on the most recent Test tours in Asia.
Traders speculate that an unexpected contraction in services activity will temper the Federal Reserve’s rate hike aggression. The south Korean won jumped above 1,250 per dollar for the first time in six months. A quarter-point move is seen as more likely than a half-point increase.
Analysts expect further downward revisions to consensus 2023 EPS forecasts. Reopening is one upside risk to 2023, but margin pressures, taxes, and recession present greater downside risks. The market scaled back bets on rate hikes for the federal reserve.
Dow Jones, FTSE 100 and DAX 40 rallied 1.23%, 1.19% and 0.87% respectively. In the Asia-Pacific region, the Hang Seng Index and ASX 200 rose 6.33% and 1.28%. The 10-year rate dropped the most since February 2022. Improving confidence in China’s economy helped push the Yuan higher.
China is entering the most dangerous weeks of the pandemic, analysts say. Analysts say economic activity is depressed nationwide and will remain so until the infection wave begins to subside. A move at its next policy meeting on Jan. 17-18 would only add to speculation of an end to ultra-loose policy.
At 8:20 am, the SGX Nifty was trading 45 points or 0.25 percent lower at 18,178, indicating a negative opening for the Indian markets. Indian markets are likely to start first session of 2022 in the red on Monday on the back of negative cues from markets in the US and other parts of Asia.
Two-time Commonwealth Games champion Saina Nehwal is among shuttlers who will skip the national badminton trials for the Asian mixed team championships. The pair will join double Olympic medallist PV Sindhu in the squad for the Asia meet.
Domestic product rose 8.02% in the year to December, according to official data. Strong improvement in services also supported growth. Looming fears of debt default in Vietnam's property-sector has given reason for concern about a China-style growth hit.
Equities rose on friday as investors looked to end the year on an optimistic note. The fda's aggressive monetary policy dampens inflationary pressures. Analysts say the odds are stacked against economies emerging unscathed from global policy tightening.
Equities rose on friday as investors looked to end the year on an optimistic note. The u.s. Dollar was on track for its best annual performance against the dollar since 2016, when the UK voted to leave the. European stocks were unlikely to retain the cheer.
The index is set to end the year down 19% - it's worst performance since 2008. China stocks were 0.63% higher, while Hong Kong's Hang Seng Index rose 1.5%. Analysts say the odds are stacked against economies emerging unscathed from global policy tightening.
The broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 1.06%, and was set for a third straight week of losses. China's health system has come under heavy stress since Beijing started dismantling its zero-COVID regime at the start of the month.
The broadest index of Asia-Pacific shares outside Japan was down 1.06%, and was set for a third straight week of losses. China shares opened 0.4% lower, while Hong Kong's stock market fell 1%. There could be significant waves of infection across China, spreading from urban to rural areas.
Ola Electric has sold almost 1,50,000 EVs this year. It is aiming to leverage its manufacturing capacity and technology to export from India to all relevant markets like south east Asia, Latin America, Europe, and Africa.
Shares were mostly lower in Asia after a post-holiday retreat on Wall Street. Shares fell in Tokyo, Shanghai and Seoul but rose in Hong Kong. The government announced it will start issuing new passports in another step away from anti-virus travel barriers.
Twitter user Fascinating shows a butterfly that looks like a dried autumn leaf from the outside. However, when it opens up its wings, you can see a more colourful and vibrant texture. According to the Twitter user, this butterfly is called Kallima inachus butterfly. This butterfly is commonly found in Asia.
Stocks made small gains while currencies were mixed in Asia on Monday. Other markets including Hong Kong, Singapore and Australia were closed. Yen advanced versus the dollar as traders considered the possibility of the Bank of Japan raising interest rates next year.
Team India finished year 2022 with a win. They won the last assignment of the year against Bangladesh, the 2nd Test at Dhaka by 3 wickets. This is also India's 16th series win in a row in Asia.
