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☆ Asia markets poised for mixed open as they kickstart holiday-shortened week; central bank decisions in focus
▼ + stars: | 2024-02-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Jade Gao | Afp | Getty ImagesAsia-Pacific stocks were set for a mixed open as they kickstart a holiday-shortened trading week for some markets. Investors will watch out for key central bank decisions this week, especially from the Reserve Bank of Australia on Tuesday and the Reserve Bank of India on Thursday. On Monday, private surveys on service sector activity will be released from China and Hong Kong. Hong Kong's Hang Seng index is also set to fall, with futures at 15,412 compared to the HSI's close of 15,533.56. China, Taiwan, South Korea, Singapore, and Hong Kong will all see shortened trading weeks as the Lunar New Year approaches.

Persons: Jade Gao, Hong Organizations: Central Business District, Afp, Getty, Investors, Reserve Bank of Australia, Reserve Bank of India, Nikkei Locations: Beijing, Asia, Pacific, China, Hong Kong, Singapore, Thailand, Australia, Chicago, Osaka, Taiwan, South Korea

☆ Hong Kong government may cut support funding after Messi did not play in friendly match
▼ + stars: | 2024-02-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

HONG KONG, CHINA - FEBRUARY 04: Fans react after not seeing Inter Miami's Argentine forward Lionel Messi play during the friendly match between Hong Kong Team and Inter Miami CF at Hong Kong Stadium on February 4, 2024 in Hong Kong, China. The Hong Kong government said it may cut funding for a friendly match after soccer legend Lionel Messi did not take the pitch on Sunday. The Miami Herald reported that Messi had an MRI last week ahead of a friendly match in Saudi Arabia. The friendly match had been awarded "M" Mark status which is granted to major sporting events held in the city. Hong Kong said it had awarded the event a matching grant of 15 million Hong Kong dollars ($1.9 million) and a venue grant of HK$1 million.

Persons: Lionel Messi, Messi Organizations: Inter Miami's Argentine, Hong Kong Team, Inter Miami CF, Hong Kong, Hong, Major League Soccer, Inter Miami, Argentine, Miami Herald, Florida, China, HK Locations: HONG KONG, CHINA, Hong Kong, China, ., Saudi Arabia

☆ The relentless focus on White Christian nationalism is spreading a racist myth
▼ + stars: | 2024-02-03 | by ( John Blake | ) edition.cnn.com time to read: +15 min

That’s how critics have described White Christian nationalism, a deviant strain of religion that has infected the political mainstream. But there is another cost to the spread of White Christian nationalism that no one mentions. The relentless coverage of White Christian nationalism is spreading a racist myth: that Whiteness is the default setting for evangelical Christianity. In a February 2023 survey, nearly two-thirds of White evangelical Protestants qualified as sympathizers or adherents to Christian nationalism. However, he rejects the political beliefs associated with White Christian nationalism.

Persons: CNN — It’s, ”, Pastor Peter Lim, ” Lim, he’s, “ It’s, It’s, White, Carolyn Chen, Ella Sophie Bessette, you’re, “, Walter Kim, Tom Lin, William Barber II, Chen, Trump, John Minchillo, browning, — it’s, John C, Richards, Jr, Jim Crow, Mark Noll, ” Richards, “ I’m, John Onwuchekwa, Lyndon B, Johnson, Lady Bird Johnson, Hubert Humphrey, Edward Kennedy, Robert Kennedy, Onwuchekwa, ” Maria Antonetty, Tina Fineberg, don’t, Lim, William J, Barber, Oliver Contreras, We’re, John Blake Organizations: CNN, White, Christianity, of Atlanta, Berkeley Center, Republican, Princeton, Harvard, Stanford, UC Berkeley, Oral Roberts University, National Association of Evangelicals, InterVarsity, USA, Christian, MLK, Saint Mark Baptist Church, White Americans, Liberty, New, Southern Baptist Convention, Cornerstone Church, Primitive Christian, Washington Post, Asian Pacific American Religions Research Initiative Locations: America, White, American, Korean, Taiwanese, Asian, Africa, Silicon Valley, Taiwan, Korea, Mexico, Little Rock , Arkansas, Georgia, New York, New York City, Crete, Atlanta, Asia, Washington , DC

☆ Asia markets poised for a stronger start as Wall Street rebounds from Fed day sell-off
▼ + stars: | 2024-02-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Asia-Pacific markets were set to rise early Friday in Asia, mirroring Wall Street's rebound from the sell-off earlier this week after Chairman Jerome Powell indicated the U.S. Federal Reserve was unlikely to cut rates in March. In Asia, investors will wrap up the week with January inflation figures out of South Korea and producer prices from Australia. South Korea's consumer price index grew 2.8% year on year, slightly below the 2.9% expected in a Reuters poll of economists.

Persons: Jerome Powell Organizations: U.S . Federal Locations: Seoul . Asia, Pacific, Asia, South Korea, Australia

☆ Singapore tourist arrivals double in 2023 amid global travel recovery
▼ + stars: | 2024-02-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022.International tourist arrivals to Singapore more than doubled in 2023, surging to 13.6 million compared to 2022's figure of 6.3 million. The Singapore Tourism Board said this in line with its forecast, and was at 71% of 2019 levels, the last full year before the Covid-19 pandemic hit the country. Indonesia topped the ranking for the most amount of tourists to Singapore at 2.3 million, followed by China and Malaysia at 1.4 million and 1.1 million respectively, according to STB data. "Other key markets that posted buoyant recovery included Australia, South Korea and USA," the tourism board added.

Organizations: International, Singapore Tourism Board Locations: Singapore Changi, Singapore, Indonesia, China, Malaysia, Australia, South Korea, USA

Asia-Pacific markets are set to fall after the U.S. Federal Reserve signaled it was unlikely to cut rates in March. Overnight, Fed Chair Jerome Powell said the central bank would likely not be comfortable enough with the path of inflation by its next meeting in March to cut interest rates. But that's to be seen," Powell said. In Asia, investors will assess private surveys on business activity for January across the region, most notably, the Caixin purchasing managers index out from China. Economists polled by Reuters expect the Caixin manufacturing PMI to come in at 50.6, an expansionary figure compared with official figures of 49.2 released on Wednesday.

Persons: Jerome Powell, Powell Organizations: U.S . Federal Reserve, Reuters, PMI Locations: Asia, Pacific, China

☆ Asia markets set to fall ahead of Fed decision; China factory activity and Australia inflation on tap
▼ + stars: | 2024-01-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A public screen displays stock figures in Shanghai, China, on Monday, Oct. 10, 2022. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets are set to fall ahead of the rate decision from the U.S. Federal Reserve and a slew of economic data from across the region, including China and Australia. Australia will release its inflation numbers for December and the fourth quarter, while China will announce its official purchasing managers index figures for January. Japan's Nikkei 225 is also set to fall, with the futures contract in Chicago at 35,785 and its counterpart in Osaka at 35,930 against the index's last close of 36,065.86. Futures for Hong Kong's Hang Seng index stood at 15,702, pointing to a similar open compared with the HSI's close of 15,703.45.

Organizations: Bloomberg, Getty, U.S . Federal Reserve, Nikkei Locations: Shanghai, China, Asia, Pacific, Australia, Japan, South Korea, Chicago, Osaka

☆ Asia markets poised to mostly rise; Hong Kong set to fall in the wake of Evergrande liquidation order
▼ + stars: | 2024-01-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Yuichi Yamazaki | Afp | Getty ImagesAsia-Pacific markets are set to rise on Tuesday, with the exception of Hong Kong, as investors continue to grapple with the fallout from Evergrande's liquidation order. A Hong Kong court ruled to liquidate the firm, which was once considered one of China's largest real estate firms. This comes as Japan's unemployment rate in December fell to 2.4%, lower than 2.5% in the month before and slightly below expectations. Economists polled by Reuters expected the unemployment rate to stay unchanged at 2.5%. In Australia, the S&P/ASX 200 started the day up 0.46%, on pace for a seventh straight day of gains.

Persons: Yuichi Yamazaki Organizations: Afp, Getty, Hong, Futures, Nikkei, Reuters Locations: Tokyo, Asia, Pacific, Hong Kong, Chicago, Osaka, Australia

☆ Asia markets set to rise; GDP, inflation readings and Fed meeting in focus this week
▼ + stars: | 2024-01-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to rise as investors await GDP and inflation data from around the region this week. Markets will also be watching the U.S. Federal Reserve's first rate decision of 2024, set to be released Wednesday stateside. This week's major events will be China's factory activity figures for January as well as Australia's fourth-quarter inflation figures on Wednesday. This will be last set of key data before the Reserve Bank of Australia's meeting on Feb. 5. On Wednesday, Taiwan and Hong Kong will also release their fourth-quarter GDP numbers.

Organizations: Opera, Vivid, U.S, U.S . Federal, Reserve Bank of Australia's Locations: Sydney, Australia, Asia, Pacific, U.S ., Taiwan, Hong Kong

☆ Asia markets poised for mixed open ahead of Tokyo inflation data, Bank of Japan December meeting minutes
▼ + stars: | 2024-01-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The U.S.' personal consumption expenditures price index, excluding food and energy, climbed 2% in the final quarter of 2023, while headline inflation rose 1.7%. Japan's Nikkei 225 was set to fall ahead of its January inflation reading from Tokyo — widely considered to be a leading indicator for nationwide inflation. The Nikkei futures contract in Chicago was at 36,000, and its counterpart in Osaka at 36,050, against the index's last close of 36,236.47. Investors will also be watching out for minutes of the Bank of Japan's final meeting of 2023. Separately, futures for Hong Kong's Hang Seng index stood at 16,079, pointing to a weaker open compared with the HSI's close of 16,211.96.

Persons: Dow Jones Organizations: Bloomberg, Getty, Gross, U.S, Nikkei, Bank of Japan's Locations: Minato, Tokyo, Japan, Asia, Pacific, U.S, Australia, Chicago, Osaka

☆ Shares of Tesla suppliers in Asia take a beating after automaker misses targets
▼ + stars: | 2024-01-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A Tesla Inc. Model 3 long range electric vehicle charges at the Tesla Supercharger station in Kettleman City, California, U.S., on Wednesday, July 31, 2019. Shares of electric vehicle makers and Tesla 's Asia suppliers tumbled on Thursday after the EV maker missed fourth quarter revenue and profit targets on Thursday and warned of slower sales this year. South Korean display manufacturer LG Display, known to supply the car displays for Tesla's Model 3, fell more than 4%. Battery suppliers to Tesla also saw declines. LG Energy Solution fell 3.8%, while Samsung SDI and Panasonic Holdings both declined about 2%.

Persons: Tesla Organizations: Tesla Inc, Tesla, LG, Battery, LG Energy, Samsung SDI, Panasonic Holdings Locations: Kettleman City , California, U.S, Asia, Texas, South

☆ Asia markets mostly fall; South Korea economic growth beats expectations
▼ + stars: | 2024-01-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Currency dealers monitor exchange rates in a trading room at the KEB Hana Bank in Seoul on March 13, 2017. South Korean shares rose 0.97 percent on March 13 following the Constitutional Court's ruling to impeach ex-president Park Geun-Hye over a massive corruption scandal. The benchmark KOSPI was up 20.24 points to close at 2,117.59 points. / AFP PHOTO / JUNG Yeon-Je (Photo credit should read JUNG YEON-JE/AFP/Getty Images)Asia-Pacific markets mostly fell as investors assessed South Korea's gross domestic product numbers and markets respond to China's central bank cutting reserve requirements for the country's lenders. South Korea's GDP grew 2.2% year on year in the fourth quarter and 0.6% compared with the previous quarter, beating expectations from a Reuters poll of 2.1% and 0.5%, respectively.

Persons: Park, JUNG Yeon, JUNG YEON, Pan Gongsheng Organizations: Hana Bank, South, Getty, People's Bank of China Locations: Seoul, Asia, Pacific

☆ 'Strong signs' of government support in restoring investor confidence: HSBC Hong Kong CEO
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Strong signs' of government support in restoring investor confidence: HSBC Hong Kong CEOLuanne Lim, Hong Kong CEO of HSBC, discusses the factors behind weak investor confidence in the city, such as high interest rates, geopolitics and the slowing Chinese economy.

Persons: Luanne Lim, Hong Organizations: HSBC Hong Kong, HSBC Locations: Hong Kong

☆ Taiwan faces economic uncertainty as tensions with China are set to rise after DPP victory
▼ + stars: | 2024-01-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

watch nowAmundi warned a possible temporary economic blockade of Taiwan could alarm the markets. Political status quo, economic worriesChina has dismissed the outcome of Taiwan's elections, saying the DPP does not represent the mainstream public opinion. On Jan. 13, Taiwan delivered an unprecedented third presidential term to the ruling DPP's Lai, considered a China skeptic. Loss of legislature to temper DPP stanceThe DPP won the presidency, but it lost its majority in the the Legislative Yuan — Taiwan's parliament. Teneo's Wildau said Beijing was likely to continue refusing official dialogues with the DPP presidential administration, but could pursue conversations with KMT leaders.

Persons: Managment, Alicia Garcia Herrero, Nataxis, Gabriel Wildau, Teneo, Lai Ching, DPP's Lai, Wildau, Lai, Tsai, Mr Lai's, Yuan —, Yuan, Herrero, Teneo's Wildau Organizations: Bloomberg, Getty, Democratic Progressive Party, Taiwan, Asia, DPP, Economist Intelligence Unit, KMT, Taiwan People's Party Locations: Taipei, Taiwan, China, Beijing

☆ Asia markets largely set to rise ahead of trade and factory activity data from Japan
▼ + stars: | 2024-01-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. Asia-Pacific markets are largely set to rise as investors monitor economic data out of Japan as well as factory activity data from Australia. Japan will release its December trade data and see private surveys from the au Jibun bank on its January purchasing managers index, a day after the Bank of Japan left its monetary policy unchanged. Australia also saw flash PMI surveys from Juno Bank, which showed an expansion in manufacturing activity in January after 11 straight months of contraction. Business activity in the country also saw a softer contraction in January compared to December.

Organizations: Bank of Japan, Juno Bank Locations: Japan, Asia, Pacific, Australia

☆ Asia markets poised for stronger open as investors expect Bank of Japan to keep its policy unchanged
▼ + stars: | 2024-01-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Bitcoin , the world's most popular cryptocurrency, fell decidedly below $40,000 for the first time this year. Bitcoin has fallen 14% since Jan. 10, the day the SEC allowed ETF trading for the cryptocurrency. "It feels like Bitcoin investors are running up a descending escalator right now as traditional financial benchmarks enjoy the easier ride to record highs. The Grayscale Bitcoin Trust ETF is the world's largest, with over $25 billion in assets under management. CEO of Grayscale Investments Michael Sonnenshein told CNBC last week that most of the approved bitcoin ETFs won't survive.

Persons: Bitcoin, Antoni Trenchev, Michael Sonnenshein Organizations: Metrics, SEC, CNBC Locations: Asia

☆ Asia markets set to gain after U.S. stocks hit all-time highs, China loan prime rates in focus
▼ + stars: | 2024-01-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to rise Monday, tracking Wall Street gains with the S&P500 surpassing its all-time high on Friday. The broad market index rose 1.23% to settle at 4,839.81, crossing both the prior record intraday and closing highs from January 2022. The Dow Jones Industrial Average , which set its own record at the end of last year, added 1.05%, while the Nasdaq Composite advanced 1.70%. Investors in Asia will be watching China's one- and five-year loan prime rates, which currently stand at 3.45% and 4.2%, respectively.

Organizations: Dow Jones, Nasdaq, Investors Locations: Asia, Pacific

☆ Norman Jewison, Filmmaker Who Spanned Genres, Is Dead at 97
▼ + stars: | 2024-01-22 | by ( Dennis Lim | ) www.nytimes.com time to read: +1 min

His death was confirmed by a spokesman for the family, Jeff Sanderson. He declined to specify where Mr. Jewison lived, saying that the family requested privacy. Mr. Jewison, whose career began in Canadian television and spanned more than 50 years, was, like his close friend Sidney Lumet and a select few other directors, best known for making films that addressed social issues. The most celebrated of those was “In the Heat of the Night” (1967), one of his earliest features and his first Oscar-winning film. It went on to win five Academy Awards, including best picture and best actor, for Mr. Steiger.

Persons: Norman Jewison, —, ” —, Jeff Sanderson, Jewison, Sidney Lumet, Oscar, Sidney Poitier, Rod Steiger, Steiger Organizations: Black Philadelphia, police, “ Locations: American, Black, Detroit, Newark

☆ Here's how to start making money pet sitting and dog walking while having fun and setting your own schedule
▼ + stars: | 2024-01-22 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Read previewIf you love cats or dogs, you could cash in on this connection by taking on a side hustle pet sitting or dog walking. Lim shared her advice and some things people interested in pet sitting should know, including how much time it can take and how to get started. Meet the owner of the pet beforehandLim suggested meeting the owner and their pet before taking on a client. "There are situations where you may not end up liking the responsibility or maybe you just don't find the right fit with the owner," Lim said. Just let me know when you need a walk,'" Lim said.

Persons: —, Meghan Lim, Lim, hustles, you've Organizations: Service, Business, Rover Locations: New Year's

☆ Asia markets rise as Japan December inflation hits its lowest since June 2022
▼ + stars: | 2024-01-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Asia-Pacific markets rose as investors assessed Japan's December inflation numbers — the last key data before the Bank of Japan's first monetary policy meeting of 2023. The world's third-largest economy saw headline inflation rate hit its lowest level since June 2022, cooling to 2.6% from 2.8% in November. Japan's core inflation rate — which strips out prices of fresh food — also fell to 2.3% from November's 2.5%, in line with expectations from economists polled by Reuters. The Bank of Japan kicks off its two-day monetary policy meeting on Jan. 22, and will announce its decision the next day.

Persons: — Organizations: Bank of Japan, Bank of, Reuters, The Bank of Japan Locations: Tokyo, Asia, Pacific

☆ Singapore transport minister S Iswaran charged with corruption
▼ + stars: | 2024-01-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

S. Iswaran, Singapore's minister for transport, speaks to members of the media during a tour of Changi Airport in Singapore, on Wednesday, March 30, 2022. Starting April 1, Singapore will scrap its so-called vaccinated travel lanes and admit all vaccinated travelers who test negative before entering Singapore by air or sea and they will be exempted from quarantine or testing on arrival. Photographer: Ore Huiying/Bloomberg via Getty ImagesSingapore's transport minister S Iswaran has been handed 27 charges following a months long probe by the country's anti graft agency, local media have reported. The minister had 24 charges of obtaining gratification as a public servant, two charges of corruption and one charge of obstructing the course of justice. On Jan. 9, Singapore's education minister Chan Chun Sing said in a parliamentary reply that a probe by Singapore's Corrupt Practices Investigation Bureau had been completed and the case was being reviewed by the country's Attorney-General's Chambers.

Persons: Iswaran, Chan Chun Sing, General's Chambers Organizations: Changi Airport, Bloomberg, Getty, Singapore's, country's Locations: Singapore

☆ Asia markets mixed after falling on Wednesday; Australia unemployment data in focus
▼ + stars: | 2024-01-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets were set for a mixed open Thursday after stocks fell in the previous session, with mainland Chinese shares touching a near-five-year low. Investors will be watching Australia's unemployment numbers on Thursday for clues on the Reserve Bank of Australia's moves in its February meeting. Futures for Hong Kong's Hang Seng index were flat, standing at 15,274 compared with the HSI's close of 15,276.9. Hong Kong stocks plunged almost 4% to hit their lowest level since November 2022 on Wednesday.

Organizations: Sydney Opera House, Getty, Reserve Bank, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong

☆ Fujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a 'moral obligation'
▼ + stars: | 2024-01-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

This case received new public attention this year when ITV broadcast a drama series, "Mr Bates vs The Post Office," about the sub-postmasters fight for justice. Horizon was manufactured by Fujitsu in 1999 and rolled out across Post Office branches to manage financial transactions. "We did have bugs and errors in the system and we did help the Post Office in their prosecutions of the sub-postmasters," he told the committee. The government has set aside 1 billion pounds in compensation for victims of the Post Office scandal. And the role of the post office has been well known in these court prosecutions, but Fujitsu for some reason had been rarely mentioned in the press."

Persons: Paul Patterson, Mr Bates, Patterson, Timothy Morse Organizations: Fujitsu Services, Business, Trade, Nikkei, Fujitsu, IT, Post, ITV, of Commons Business, Trade Committee, Government Locations: Europe, London

A Chinese flag flies outside a residential compound in Beijing on April 30, 2017. Greg Baker | Afp | Getty ImagesAsia-Pacific markets appear set to extend their declines Wednesday, ahead of a slew of economic data from China. Investors will also assess the Reuters Tankan manufacturing index for January, which is a leading indicator of the Bank of Japan's official quarterly Tankan survey that assesses business conditions in the country. In Australia, the S&P/ASX 200 extended its losing streak to a fourth day, falling 0.17% in early trade. Futures for Hong Kong's Hang Seng index stood at 15,793, pointing to a weaker open after the index led losses in Asia on Tuesday, closing at 15,865.92.

Persons: Greg Baker Organizations: Afp, Getty, Investors, Reuters, Bank of Japan's, Nikkei Locations: Beijing, Asia, Pacific, China, Australia, Chicago, Osaka

☆ Asia markets mostly fall, Nikkei dips as Japan wholesale inflation in December was flat
▼ + stars: | 2024-01-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets largely fell on Tuesday. Even Japanese stocks, which have been on a record-breaking rally since the start of the year, slipped. The Nikkei fell 0.45% in early trading after Japan's corporate goods price index came in flat year-on-year, compared to a 0.3% fall expected by economists in a Reuters poll. The CGPI also climbed 0.3% month on month in December, compared to expectations it will remain flat. The broad-based Topix also saw a loss of 0.44%.

Persons: Topix Organizations: Nikkei Locations: Asia, Pacific

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