The Japanese yen strengthened against other major currencies in the European session on Tuesday, following Bank of Japan Governor Kazuo Uedas dovish remarks and incoming Prime Minister Shigeru Ishibas unexpected resistance to additional rate increases. Optimism about the U.S. economic outlook, rising bets that the Bank of Japan will forgo raising interest rates again this...
The value of core machine orders in Japan was down a seasonally adjusted 1.9 percent on month in August, the Cabinet Office said on Wednesday - coming in at 858.1 billion yen. That missed forecasts for a decline of 0.1 percent, which would have been the same as the July reading. On a yearly basis,...
The Taiwan stock market has finished higher in four straight sessions, rallying more than 680 points or 3.2 percent in that span. The Taiwan Stock Exchange now rests just shy of the 23,300-point plateau, although its due for profit taking on Wednesday. The global forecast for the Asian markets is negative thanks to a combination...
The China stock market has alternated between positive and negative finishes through the last five trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just above the 3,200-point plateau and it may take further damage on Wednesday....
The Hong Kong stock market has moved lower in consecutive trading days, stumbling almost 850 points or 4 percent along the way. The Hang Seng Index now sits just shy of the 20,320-point plateau and it may take further damage again on Wednesday. The global forecast for the Asian markets is negative thanks to a...
The Indonesia stock market has tracked higher in three straight sessions, climbing more than 140 points or 1.9 percent along the way. The Jakarta Composite Index now rests just above the 7,625-point plateau although investors may lock in gains on Wednesday. The global forecast for the Asian markets is negative thanks to a combination of...
The Thai stock market on Tuesday ended the four-day winning streak in which it had improved almost 20 points or 1.4 percent. The Stock Exchange of Thailand now rests just above the 1,465-point plateau and the losses may accelerate on Wednesday. The global forecast for the Asian markets is negative thanks to a combination of...
The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 6 points or 0.4 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,635-point plateau although it figures to rebound on Monday. The global forecast...
The U.S. dollar firmed up during the week ended October 11 amidst a weakening in expectations regarding the Feds monetary easing plans. Concerns about inflation and premature easing contained in the recent FOMC minutes as well as the lesser-than-expected progress on the inflation front helped the U.S. Dollar record gains against the euro, the British...
Elon Musks spacecraft maker SpaceX, in its fifth Starship test flight, made history on Sunday after returning the first stage booster back to its launch pad in Texas, where it was caught using mechanical arms called Mechazilla. The move is expected to boost the companys efforts to build a reusable moon and Mars vehicle. Responding...