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☆ Asia markets largely fall despite Wall Street rally
▼ + stars: | 2023-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Asia-Pacific markets largely fell despite a broad rebound on Wall Street and Moody's warning that a U.S. government shutdown would be "credit negative" for the world's largest economy. The country's wholesale inflation for its services sector climbed 2.1% year on year, its fastest rate of increase since September 2022. In Australia, the S&P/ASX 200 also shed 0.29% as traders look toward its key consumer price index reading on Wednesday. Hong Kong's Hang Seng index is also set for a positive open, standing at 17,744 compared to the HSI's close of 17,729.29.

Organizations: Nikkei Locations: Suzhou, Shanghai, China, Asia, Pacific, U.S, Australia, South Korea

☆ Asia markets poised for mixed open as investors look to inflation data across the region
▼ + stars: | 2023-09-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images) Prisma By Dukas | Universal Images Group | Getty ImagesAsia-Pacific markets are set for a mixed open as investors look toward inflation data from across the region this week. Singapore and Australia are expected to report inflation figures for August this week, while Japan will release inflation data for the Tokyo region. The capital region's inflation data is seen as a leading indicator of nationwide trends. Futures for Hong Kong's Hang Seng index stood at 18,040, pointing to a weaker open compared with the HSI's close of 18,057.45.

Organizations: Getty, Dukas, Nikkei Locations: Japan, Tokyo City, Tokyo, Asia, Pacific, Singapore, Australia, Chicago, Osaka

☆ CNBC Daily Open: Banishing the AI hallucination
▼ + stars: | 2023-09-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, Japan's Nikkei 225 lost 0.42% after the country's central bank maintained its negative interest rates. Growth-focused technology stocks, in particular, are struggling in an environment of higher-for-longer interest rates. But that means the time's ripe to look at European value stocks.

Persons: Hong, Fraser Institute's, Matthew Mitchell Organizations: CNBC, Nikkei, Bank of Japan, U.S, Cisco, Fraser Institute, Hong, Citi Locations: Asia, Pacific, Singapore, Canada, Hong Kong

☆ Asia markets poised for fall ahead of Bank of Japan rate decision
▼ + stars: | 2023-09-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to fall ahead of the Bank of Japan's rate decision, which investors will be closely watching to determine if the central bank will make any change to its ultra-easy monetary policyA poll of Reuters economists showed that economists all expect the BOJ to hold its benchmark policy rate at -0.1%. BOJ Governor Kazuo Ueda has maintained that an ultra-easy monetary policy is needed until Japan sees a sustained inflation at 2%. Japan's headline inflation figures have remained above this target since April 2022, with the latest reading coming in at 3.2% for August.

Persons: Kazuo Ueda Organizations: Bank of Locations: Asia, Pacific, Japan

☆ Asia markets largely set to fall after Fed holds rates, but signals higher rates for longer
▼ + stars: | 2023-09-21 | 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 are set for a mixed open after the U.S. Federal Reserve held its benchmark policy rate, but said it will raise interest rates one more time this year, according to the central bank's projections. Projections showed the central bank expects to hike rates to a median of 5.6% by the end of 2023, up from the current range between 5.25% and 5.5%. The rate-setting Federal Open Market Committee projected two rate cuts in 2024, which is two fewer than its forecast in June. That would put the funds rate around 5.1%.

Organizations: U.S . Federal Reserve Locations: Seoul . Asia, Pacific

☆ Asia markets set to extend losses ahead of China loan prime rate decision; Fed decision on horizon
▼ + stars: | 2023-09-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHENZHEN, CHINA - AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty ImagesAsia-Pacific markets are set to extend losses from Tuesday as investors await China's one-year and five year loan prime rates and brace for the U.S. Federal Reserve's rate decision Wednesday stateside. The region will also see August trade data out from Japan, while wholesale inflation in South Korea jumped for the first time since July 2022. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,184 compared with the last close of 7,196.6. Futures for Hong Kong's Hang Seng index stood at 17,980, lower than the HSI's last close of 17,997.17.

Organizations: Getty, Visual China, U.S, Japan's Nikkei Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific, U.S . Federal, Japan, South Korea, Chicago, Osaka, Australia

☆ CNBC Daily Open: High rates are still hobbling IPOs
▼ + stars: | 2023-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Downbeat marketsU.S. markets dipped and U.S. Treasury yields rose Tuesday as investors braced themselves for the outcome of the Federal Reserve's meeting. At its open, Instacart popped 40% to hit $42, but pared gains as investors sold off to lock in their initial gains. Analysts who once predicted China would become the biggest economy globally are perplexed as to why the country's blunting its own growth.

Persons: Kospi, Hong, Instacart, Fereidun Fesharaki, Wood Mackenzie Organizations: CNBC, Treasury, Analysts, Global Locations: Asia, Pacific, China

☆ Asia markets mixed ahead of Australian central bank minutes
▼ + stars: | 2023-09-19 | 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 are mixed as traders look to minutes from the Reserve Bank of Australia for its policy meeting on Sept. 5. The minutes will detail how the RBA came to hold its benchmark policy rate at 4.1%, the third straight month that it has done so. In Australia, the S&P/ASX 200 slid 0.23% in early trade, while both South Korea's Kospi and Kosadaq were trading close to the flatline. Japan's Nikkei 225 slumped 0.76% upon its return from a public holiday, while the Topix saw a smaller loss of 0.16%.

Organizations: Sydney Opera House, Getty, Reserve Bank of Australia, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific

☆ CNBC Daily Open: Wall Street disagrees with main street
▼ + stars: | 2023-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Gabby Jones | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] FOMC meeting this weekThe Federal Reserve's meeting on Wednesday will be the main event to keep an eye on for this week. "Investors remained upbeat about the outlook for stocks and the economy in August," according to a Vanguard Investor Expectations Survey. In that open space between breaths, equilibrium between Wall Street and main street may be reached.

Persons: Gabby Jones, Hong, Kospi, Joe Biden, there's, Edward Jones, Mona Mahajan, CNBC's, Mahajan, Ray, Greg Bassuk Organizations: New York Stock Exchange, Bloomberg, Getty, CNBC, Dow Jones, Index, Nikkei, China, European Central Bank, Federal Reserve, Bank of England, U.S, Initiative, FedEx, University of Michigan, Consumers, Survey, Dow Jones Industrial, Nasdaq, Dow Locations: New York, Asia, Pacific, China Venture, China, India, East, Europe

☆ Asia markets poised to fall as central bank decisions closely watched this week
▼ + stars: | 2023-09-18 | 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 are set to fall Monday as investors look ahead to a week of central bank decisions. The U.S. Federal Reserve's decision is expected early Thursday in Asia, while Australia's central bank will release its minutes for its Sept. 5 policy meeting on Tuesday. On Friday, the Bank of Japan will conclude its monetary policy meeting and traders will be looking for clarity on when the BOJ will start to shift its ultra-easy monetary policy. Elsewhere, the People's Bank of China is also expected to release its loan prime rate decisions on Friday.

Organizations: Bank of Japan, U.S, Federal, People's Bank of Locations: Tokyo, Asia, Pacific, People's Bank of China

☆ Asia markets set for stronger open ahead of key data from China
▼ + stars: | 2023-09-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. (Photo by Zhang Zhuoming/VCG via Getty Images) Vcg | Visual China Group | Getty ImagesAsia-Pacific markets are set to rise ahead of key economic data out of China, which could give clues on the trajectory of the world's second largest economy. China will release August data for its house prices, unemployment rate and retail sales, as well as urban investment. Futures for Hong Kong's Hang Seng index stood at 18,171, higher than the HSI's last close of 18,047.92. In Australia, futures for the S&P/ASX 200 also point to a higher open, at 7,283 compared to the last close of 7,186.5.

Persons: Zhang Zhuoming Organizations: Getty, Visual China, Nikkei Locations: SHANGHAI, CHINA, Shanghai, China, Asia, Pacific, Chicago, Osaka, Australia

☆ Asia markets poised for mixed open after U.S. inflation comes in hotter than expected
▼ + stars: | 2023-09-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set for a mixed open as inflation in the U.S. inflation rate in August came in hotter than expected, at 3.7% compared to economists' expectations of 3.6% in a Dow Jones survey. Month-on--month, the consumer price index rose 0.6% in August, in line with expectations. In July, the CPI rose 3.2% year-on-year and 0.2% month-on-month. However, excluding volatile food and energy costs, the core CPI rose 4.3%, in line with estimates and down from 4.7% in July. Federal Reserve officials focus more on core as it provides a better indication of where inflation is heading over the long term.

Organizations: Dow, Federal Reserve Locations: Asia, Pacific, U.S

☆ Asia markets set to fall as investors watch Japan and South Korea data; U.S. inflation numbers on horizon
▼ + stars: | 2023-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are largely set for a weaker open as investors assess key economic data out of Japan and South Korea. South Korea's unemployment rate in August came in at 2.4%, its lowest since June 1999. Meanwhile, corporate confidence in Japan fell in September, among both manufacturers and non-manufacturers, according the Reuters Tankan poll. Confidence among large manufacturers slid to +4, from +12 in August. The non-manufacturers index dropped nine points to hit +23 in September.

Organizations: Reuters Locations: Asia, Pacific, Japan, South Korea, South

☆ CNBC Daily Open: Markets were on mute for Apple’s new iPhones
▼ + stars: | 2023-09-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

An attendee looks at the brand new Apple iPhone 15 during an Apple event on September 12, 2023 in Cupertino, California. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. New iPhones, old pricesApple announced the iPhone 15 and iPhone 15 Pro, both of which come in a bigger Plus variety, at its annual launch event Tuesday. Surprisingly, Apple kept the price of the iPhone 15 Pro unchanged from last year at $999.

Persons: Apple, Elon Musk, Elizabeth Warren, Vladimir Putin Organizations: Apple, CNBC, Oracle, Nasdaq, U.S, Google, Justice, Elon, SpaceX Locations: Cupertino , California, Asia, Pacific, U.S, Russian, Argentina

☆ Asia stock markets weaken amid ongoing retreat from Chinese property sector
▼ + stars: | 2023-09-11 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +5 min

A man walks past an electronic board showing Japan's Nikkei average and stock prices outside a brokerage, in Tokyo, Japan, March 17, 2023. Australian shares (.AXJO) reversed earlier losses to be up 0.12% and Japan's Nikkei stock index (.N225) slid 0.19%. The Hang Seng Property Index (.HSNP), a gauge of Hong Kong's top developers, shed almost 4% while the mainland property index (.HSMPI) was off 3.24%. "We need the property market to stabilize first in order for any meaningful kind of economic rebound to happen in China," said David Chao, Invesco's Asia Pacific market strategist. Those should put a floor under the property market some time soon."

Persons: Androniki, David Chao, Daniel Zhang, Brent, Scott Murdoch, Edwina Gibbs, Simon Cameron, Moore Organizations: Nikkei, REUTERS, Rights, Alibaba, HK, Index, Chevron, Thomson Locations: Tokyo, Japan, Asia, China, Pacific, Hong Kong, Asia Pacific, Beijing, Shanghai, Shenzhen, United States, Wells, Australia, Sydney

☆ European stocks higher in busy week for global economic data; miners up 2.7%
▼ + stars: | 2023-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets climbed Monday morning, kicking off a busy week of economic data releases around the world. Basic resources gained 2.7%, as stocks including Anglo American and Rio Tinto traded higher following gains in metals prices. European marketsInvestors are looking forward to key U.S. inflation data in the week ahead, with the latest consumer price index due Wednesday and producer price index Thursday. The readings come after a string of stronger-than-expected economic data points last week renewed worries that the U.S. Federal Reserve could raise rates more than previously expected. Asia-Pacific markets are also gearing up for big data releases this week.

Persons: Brendan McDermid Organizations: Rio Tinto, Investors, U.S . Federal, Traders, Reuters, Central Bank's Locations: London, Europe, Asia, Pacific, India, China

☆ Asia markets poised for mixed open ahead of Japan's trade balance; Hong Kong may pause trade
▼ + stars: | 2023-09-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set for a mixed open as Japan releases its trade balance for July, as well as its revised second quarter gross domestic product figures. Hong Kong markets may see limited trading today after the city's observatory issued a "black rainstorm" warning. Under Hong Kong Exchange guidelines, the pre-opening session will be cancelled if a black rainstorm warning is in force after 7 a.m Hong Kong time. Should it be lifted before 9 a.m., the morning session will begin on the first half hour at least two hours after the discontinuation of the signal. Should the signal still be in force after 9 a.m., the morning session will be cancelled, and if it extends beyond 12 p.m., there will no trading for the day.

Organizations: Hong, Hong Kong Exchange Locations: Asia, Pacific, Japan, Hong Kong

☆ Asia markets mixed ahead of trade data from China and Australia
▼ + stars: | 2023-09-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A view of the automated container port in Qingdao in east China's Shandong province. Zhang Jingang | Future Publishing | Getty ImagesAsia-Pacific markets were mixed on Thursday, following a sell off on Wall Street and ahead of trade data from China and Australia. In Australia, the S&P/ASX 200 slid 0.45% ahead of its August trade data release. Japan's Nikkei 225 rose marginally after eight straight days of gains, while the Topix was 0.1% higher. Futures for Hong Kong's Hang Seng index were mostly flat and stood at 18,449, compared with the HSI's close of 18,449.98.

Persons: Zhang Jingang, Kospi Organizations: Getty, Reuters, Nikkei Locations: Qingdao, Shandong province, Asia, Pacific, China, Australia

☆ CNBC Daily Open: Input prices are going up
▼ + stars: | 2023-09-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks sold offU.S. stocks experienced a sell-off and all major indexes closed in the red. China's trade isn't picking upChina's trade activity fell again in August, though not as badly as feared. In U.S. dollar terms, exports fell by 8.8% from a year ago, compared with the 9.2% forecast.

Persons: Stocks, Australia's, Bob Iger, Bob Chapek, Alex Sherman Organizations: CNBC, Treasury, Nikkei, Apple, U.S . Securities, Exchange Commission, Disney, Apple China, European Commission Locations: U.S, Asia, Pacific

☆ Asia markets mixed after Saudi Arabia and Russia extend oil cuts
▼ + stars: | 2023-09-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Storage tanks and oil processing facilities operate beside the Arabian Sea at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. The upcoming OPEC+ meeting in Vienna will result in an oil production cut "of some historic kind", said CIO of Pickering Energy Partners, Dan Pickering. Asia-Pacific markets are mixed after Saudi Arabia and Russia extended voluntary oil production cuts to the end of the year. Saudi Arabia will extend its cut of 1 million barrels per day until the end of December, while Russia will reduce its oil exports by 300,000 barrels per day. Brent crude futures settled at $90.04 a barrel, closing above the $90 mark for the first time since November.

Persons: Dan Pickering Organizations: Pickering Energy Partners, Brent, . West Texas Locations: Saudi, Ras Tanura, Saudi Arabia, OPEC, Vienna, Asia, Pacific, Russia

☆ CNBC Daily Open: Rising oil prices inflame inflation fears
▼ + stars: | 2023-09-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Mixed markets in AsiaU.S. stocks fell Tuesday, weighed down by higher oil prices and rising Treasury yields. [PRO] Oversold and overbought stocksThe relative strength index measures the speed and magnitude of stock price moves. It can signal if a stock is oversold, which means it's poised for a bounce, or overbought, suggesting that it's expensive.

Persons: Australia's, Jan Organizations: CNBC, Nikkei, Garden, New York Stock Exchange, Tech, Nvidia, Intel, Samsung, TRM, CNBC Pro Locations: Asia U.S, Asia, Pacific, North Korea

European stocks opened lower Wednesday, as investors focused on oil market moves after Saudi Arabia and Russia extended a set of voluntary oil supply cuts to the end of the year. The regional Stoxx 600 index was down by 0.6% at 8:43 a.m. London time, with most sectors in the red. European marketsAll three major U.S. indexes lost ground as the rise in crude oil prices weighed on stocks late on Tuesday, while Asia-Pacific markets were mixed overnight. Brent crude futures settled at $90.04 a barrel, closing above the $90 mark for the first time since November. U.S. West Texas Intermediate crude futures traded near $86.87 a barrel, also a 10-month high.

Organizations: Brent, . West Texas Locations: Saudi Arabia, Russia, London, Asia, Pacific

☆ CNBC Daily Open: Bitcoin’s still struggling to gain acceptance
▼ + stars: | 2023-09-05 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's Shanghai Composite lost 0.72% as the country's service sector logged its slowest expansion in eight months, according to a Caixin survey. Overinvestment in ChinaChina is "overinvested," said Jitania Kandhari, a managing director and deputy chief investment officer at Morgan Stanley. By contrast, India is underinvested, Kandhari said, giving its economy and markets investment opportunities.

Persons: Narendra Modi, China —, Jitania Kandhari, Morgan Stanley, Kandhari, Weizhen Tan Organizations: CNBC, Labor, Shanghai, Indian, BMW, Ford, Mercedes Locations: Miami Beach , Florida, U.S, Asia, Pacific, India, Russia, China, China China, Munich, Germany

☆ Asia markets set for mixed open; Australia and China data closely watched this week
▼ + stars: | 2023-09-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Loop Images | Universal Images Group | Getty ImagesAsia-Pacific markets are set for a mixed start to the week as investors look to key data from Australia and China later in the week. The Reserve Bank of Australia will release its rate decision on Tuesday, while China is expected to release its trade balance for August on Thursday and its inflation rate next weekend. In Australia, futures for the S&P/ASX 200 point to a slightly lower open, at 7,274 compared with the last close of 7,278.3. Futures for Hong Kong's Hang Seng index stood at 18,304, pointing to a weaker open compared with the HSI's close of 18,382.06 last Thursday. Hong Kong's markets were closed Friday as the city braced for super typhoon Saola, which made landfall over the weekend.

Organizations: Getty, Reserve Bank of Australia, Nikkei Locations: Melbourne, Australia, Asia, Pacific, China, Hong, Chicago, Osaka

☆ Asia markets set to fall as traders wait for China's factory activity data
▼ + stars: | 2023-09-01 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

People walk along a promenade next to Victoria harbour in Hong Kong on August 31, 2023, a day before the arrival of Typhoon Saola. (Photo by ISAAC LAWRENCE / AFP) (Photo by ISAAC LAWRENCE/AFP via Getty Images)Asia-Pacific markets are set to fall as traders await China's Caixin manufacturing PMI data, amid a slew of other economic data in the region. In Japan, the Nikkei futures contract in Chicago was at 32,505 while its counterpart in Osaka was at 32,490. Both are lower compared to the Nikkei 225's last close at 32,619.34. In Australia, futures for the S&P/ASX 200 were at 7,237, lower than the index's last close of 7,350.3.

Persons: Saola, ISAAC LAWRENCE Organizations: Getty Images, Nikkei Locations: Victoria, Hong Kong, AFP, Asia, Pacific, Japan, Chicago, Osaka, Australia

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