ASIA: According to Macquarie's Chief China Economist Larry Hu, China's economic recovery from the pandemic is expected to expand, indicating that the country is not currently facing the same stagnation issues as Japan. However, recent economic data has disappointed investors who were hoping for a strong rebound in the world's second-largest economy after the lifting
ASIA: Core consumer inflation in the Japanese capital beat expectations in April and an index cutting fuel costs rose at its fastest pace in four decades, underscoring the challenge the central bank's new chief faces in keeping interest rates ultra-low. The core consumer price index (CPI), which excludes volatile fresh food but includes fuel
ASIA: China's manufacturing sector lost momentum in March due to weak export orders, slowing the country's economic recovery from COVID-19 policies. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) fell to 50.0 in March from 51.6 in February, which was the first monthly activity expansion in seven months. However, China's economy showed signs of recovery
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 428.60 points or 1.56% to 27,927.47 Shanghai increased 17.74 points or 0.54% to 3,328.39 Hang Seng increased 138.08 points or 0.68% to 20,567.54 ASX 200 increased 28.20 points or 0.39% to 7,283.60 Kospi increased 4.22 points or 0.17% to 2,432.07