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A ship in the Red Sea was targeted in a third attack suspected to have been carried out by Yemen’s Houthi rebels Tuesday in their campaign of assaults over the Israel-Hamas war, officials said. The Houthis have targeted more than 70 vessels with missiles and drones since the start of the war in Gaza in October. Other missiles and drones have been either intercepted by a U.S.-led coalition in the Red Sea or failed to reach their targets. After the strikes, the Houthis paused their attacks until Aug. 3, when they hit a Liberian-flagged container ship traveling through the Gulf of Aden. Additional F-22 fighter jets have flown into the region, while the USS Wasp, a large amphibious assault ship carrying F-35 fighter jets, is in the Mediterranean Sea.

Persons: Yemen’s Houthi, Ismail Haniyeh, Ambrey, Abraham Lincoln, Theodore Roosevelt Organizations: U.S . Navy, British military’s United Kingdom Maritime Trade Operations, Liberian, U.S ., USS Locations: Israel, Iran, Asia, Europe, Hodeida, British, Gaza, U.S, United States, Tel Aviv, Aden, America, USS Georgia, Gulf of Oman

MANILA, Philippines — The Philippine government said Tuesday that it had filed a diplomatic protest against Beijing after Chinese jets flew dangerously close and fired a volley of flares in the path of a Philippine air force patrol plane over a disputed shoal in the South China Sea. The Southern Theater Command of the Chinese People’s Liberation Army said Saturday that a Philippine air force aircraft “illegally” entered the airspace above the shoal, which China claims, disrupting its combat training activities. The command sent jets and ships to identify, track and drive away the Philippine aircraft, it added. In 2013, China announced a new Air Defense Identification Zone over the East China Sea that covers a chain of disputed islands also claimed by Japan. Washington has repeatedly warned that it is obligated to defend the Philippines, its oldest treaty ally in Asia, if Filipino forces, ships and aircraft come under an armed attack, including in the South China Sea.

Persons: Romeo Brawner Jr, ” Brawner, Teresita Daza, Ferdinand Marcos Jr, ”, Jay Batongbacal, ” Batongbacal, Thomas Shoal Organizations: Philippine military’s, Scarborough, seaway, ” Department of Foreign Affairs, ”, China, Southern Theater Command, People’s Liberation Army, Philippine, U.S, Air Defense, East China, Institute for Maritime Affairs, Law, University of the, Washington Locations: MANILA, Philippines, Beijing, Philippine, South China, Manila, China, People’s Republic of China, United States, Australia, Canada, East, Japan, Washington, University of the Philippines, Brunei, Malaysia, Vietnam, Thailand, Scarborough, Asia

☆ Asia-Pacific markets open mostly higher as investors await U.S. inflation data
▼ + stars: | 2024-08-13 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets opened mostly higher on Tuesday, following a fluctuating session overnight in the U.S. as investors prepare for key inflation data. The S&P 500 concluded the day flat at 5,344.39, while the tech-heavy Nasdaq Composite climbed 0.21% to close at 16,780.61, led by shares of Nvidia soaring 4%. On the flipside, the Dow Jones Industrial Average fell 140 points or 0.36% to conclude at 39,357.01. Traders await Wednesday's consumer price index for July, a key indicator of the health of the U.S. economy. Investors will analyze the data for indications the Federal Reserve can begin cutting rates in September.

Organizations: Nasdaq, Nvidia, Dow Jones, Traders, Investors, Reserve Locations: Asia, Pacific, U.S

☆ Japan to benefit from a stronger yen and unwinding of carry trade, Monex Group's Koll says
▼ + stars: | 2024-08-13 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

In this article 8301.T-JP Follow your favorite stocks CREATE FREE ACCOUNTwatch nowCorrections in the yen and the unwinding of the carry trade are positive developments for Japan, said Jesper Koll, a veteran investor who remains bullish on the Japanese market. The yen carry trade began unwinding last week, as interest rate hikes by the Bank of Japan strengthened the yen, and led to a sharp sell-off in markets globally. Stock Chart Icon Stock chart icon U.S. dollar/Japanese yen"It is correct to put a price on money. According to Koll, it's possible that as much as 75% of the yen carry trade could have been unwound, though the total size of the carry trade has not been reliably ascertained. Stock Chart Icon Stock chart icon Nikkei 225

Persons: Jesper Koll, …, CNBC's, unwinding, it's, Koll, Claude Trichet Organizations: Monex, Bank of Japan, Nikkei, European Central Bank Jean, CNBC, U.S ., Bank of Locations: Japan, U.S

☆ I was a flight attendant for 2 years. Here are the answers to 10 questions passengers always ask.
▼ + stars: | 2024-08-13 | by ( Arina Bloom | ) www.businessinsider.com time to read: +6 min

In my experience, flight attendants are only allowed to take time to eat when the food/drink service is done. It's a room only flight attendants know how to access. For example, flying from New York to Chicago is a two-hour flight, so the flight attendants only get paid for two hours. Passengers are sometimes concerned about the quality of the water because they don't know how often the water tanks are cleaned. Some passengers ask to look flight attendants in the eyes during takeoff.

Persons: —, Bernd Vogel, Matej, I've, Adnan Abidi, we're Organizations: Service, Business Locations: San Francisco, New York, It's, Chicago, Los Angeles, Hawaii, Asia, Europe, Japan

☆ The big ‘carry trade’ unwind is far from over, strategists warn
▼ + stars: | 2024-08-13 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

watch nowEconomists have said it is difficult to accurately assess the scale of the yen carry trade, with estimates varying widely. Some analysts, using Japan's foreign portfolio investments, say the yen carry trade could total as much as $4 trillion, Reuters reported. "The real Japan strategy is not just a quick carry trade, borrowing at close to zero interest rates in Japan and investing in high yield assets. Analysts at Barclays said systematic selling pressure does not appear to have been exhausted yet and it's "too early" to call an all-clear to the carry trades unwind. We expect volatility to remain elevated, which should continue to hurt EM carry trades," the analysts at Barclays said in a research note published Sunday.

Persons: Kazuhiro Nogi, Richard Kelly, he'd, Kelly, CNBC's, Nogi, Jesper Koll, Koll, What's Organizations: Tokyo Stock Exchange, Afp, Getty, Bank of Japan, TD Securities, Reuters, TS Lombard, Bank of, The Bank of Japan, Federal Reserve, Monex, Barclays Locations: Tokyo, Japan, MEX, Brazil, Bank of Japan, U.S

☆ Fact check: Trump made at least 20 false claims in his conversation with Elon Musk
▼ + stars: | 2024-08-13 | by ( Daniel Dale | ) edition.cnn.com time to read: +34 min

Here is a fact check:CrimeTrump claimed, “Our crime rate’s going through the roof.”Facts First: Trump’s claim is false. Facts First: Trump did express uncertainty about the number, but his “like 60 million or something” claim is false. They take ‘em out, and they bring them to the United States.”Facts First: Trump’s claim is baseless. He said, “With Ukraine, so we’re in for $250 billion and they’re in for about $71 billion.”Facts First: Trump’s claim is false. But Trump’s claim that the US has committed or provided far more aid than Europe is not true regardless.

Persons: Donald Trump, –, Elon Musk, Kamala Harris, Trump, Jeff Asher, ” Anna Harvey, “, we’ve, ”, Biden, Gary Griggs, Griggs, Harris, Harris “, ” Trump, wasn’t, Alejandro Mayorkas, Breitbart, ” Roberto Briceño, Venezuela’s, León, Joe Biden, ” Michelle Mittelstadt, can’t, Steven Cheung, Congo ’ Trump, Patrick Muyaya Katembwe, ” Serge Mombouli, Barack Obama’s, Obama, Obama’s, We’ll, Ukraine Trump, Europe Trump, Trump’s, Mike Pompeo, ” Pompeo, China, you’re, ‘, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Ronald Reagan’s, Barack Obama, George W, they’d, Scott Gottlieb, ” Gottlieb, General Merrick Garland, Musk, Alvin Bragg’s, Matthew Colangelo, Colangelo, Bragg, CNN’s Tami Luhby, William Montes Organizations: Washington CNN, Republican, Democratic, Public, New York University, CNN, Major Cities Chiefs Association, Biden, Global, Trump, NASA, Meteorological Organization, University of California, Oceanic, Fox News, The New York, White, Homeland, Central, “, Border, Venezuelan, of, Patrol, Republicans, Migration, Institute, Breitbart, Congo, PAC, Central America Trump, Obama, Customs Enforcement, Policy Institute, ICE, El Salvador, Electoral, Ukraine, Kiel Institute, European Union, European Automobile Manufacturers ’ Association, State, Americas, Crisis, Federal, Defense Department, Food and Drug Administration, FDA, Justice Department, New Locations: Trump’s, Santa Cruz, Gulf of Mexico, Florida, Mar, El Salvador, Guatemala, Honduras, United States, Mexico, Venezuela, “ Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, Africa, Republic of, Washington, Europe, Ukraine, Germany, Kiel, ”, EU, Iran, Lebanon, Israel, China, that’s, Kpler, Malaysia, Afghanistan, Asia, Fulton County , Georgia, Manhattan, New York

☆ Podcast: Japan's quest for the most powerful microchip leads semiconductor revival
▼ + stars: | 2024-08-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

At the end of [the] 1980s, Japanese companies accounted for like 51% of the global semiconductor market. So by doing this ... one thing undercut Japanese semiconductor chip makers' competitiveness in the global market. Another thing [is] that [it] forced open [the] Japanese semiconductor market to foreign players, and this creates opportunity for the U.S., South Korea and Taiwan. And Japanese companies are trying to both develop their own capacity but also attract phone companies to establish fabs there. So by collaborating with international companies, Japanese companies can leverage their existing technology and manufacturing techniques to expand their global share as well.

Persons: Tom Chitty, Fei Xue, Tom Chitty Well, Arjun, Kharpal Fei, Reagan, Arjun Kharpal, Fei, it's, TSMC, Fei Xue Yes, Rapidus, Arjun Kharpal Fei, they're, there's, ASML, you've, He'd, Tom Chitty Fei, Arjun Arjun Kharpal, Tom, Tom Chitty We'll Organizations: TSMC, Rapidus Corporation, Samsung, Economist Intelligence Unit, Economist Intelligence, The Economist, Economist, East, International Relations, U.S, U.S ., Taiwan Semiconductor Manufacturing, IBM, Apple, EV, Japan, Nvidia, Micron, Sony, Nintendo, Canon, South, Samsung Electronics, Tokyo, Screen Holdings Locations: Japan, Taiwan, U.S, Netherlands, Tokyo, beyondthevalley@cnbc.com, East Asia, Fei Xue Japan, South Korea, Japan's, Kyushu, Kumamoto Prefecture, TSMC, That's, China, Kumamoto

☆ Why China’s and Russia’s Militaries Are Training Together
▼ + stars: | 2024-08-13 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

China and Russia have pressed an informal political and economic alliance against the West. Now they are stepping up the cooperation between their militaries with increasingly provocative joint war games. Days earlier, the countries held live-fire naval drills in the hotly contested South China Sea for the first time in eight years. China has been frustrated by American trade restrictions and Washington’s building of security alliances in Asia. It has pushed back by trying to court European countries with trade and building its influence among poorer countries with investments.

Persons: Xi Jinping, Vladimir V, Putin Organizations: China Locations: China, Russia, Alaska, Taiwan, Japan, South Korea, America, United States, Asia

☆ 'We haven't seen the bottom in this correction': Dan Niles names 2 tech stocks to ride out a potential recession
▼ + stars: | 2024-08-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Hedge fund manager Dan Niles is betting on Apple and Meta Platforms as two stocks that can ride out a potential U.S. recession. Apple Niles expects strong revenue growth in the coming year as consumers upgrade to AI-enabled iPhones. "Their revenue growth has been minuscule the last three years because people already have a smartphone. "I think that revenue growth goes to double digits over 10% probably next year, as people upgrade to an AI-enabled smartphone." Meta Niles expressed particular confidence in Meta's prospects, praising the company's effective use of AI in its core business.

Persons: Dan Niles, Niles, CNBC's, AAPL, Apple Niles, Meta Niles, Meta Organizations: Apple, Niles Investment Management, Meta, Google, Microsoft

☆ CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia markets climb higherAsia-Pacific markets were mostly higher on Monday ahead of U.S. economic data later in the week. [PRO] Distinct marketWhile U.S. and Japanese indexes fell sharply amid recent volatility, the MSCI China index rose slightly, reinforcing China's distinct market status despite slower growth.

Persons: Disney, Indiana Jones, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, Hai Precision Industry —, —, Australia's, Hong Organizations: New York Stock Exchange, CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Trump, Trump Media, SpaceX, Twitter, Hai Precision Industry, SK Hynix, China's CSI, U.S Locations: New York City, U.S, Magic Kingdom, Disney's California, Friday's, Asia, Pacific, Taiwan, Australian, China

☆ Myanmar: Hundreds of fleeing Rohingya reportedly killed in drone strikes as fears mount of ethnic cleansing
▼ + stars: | 2024-08-12 | by ( Avery Schmitz | Helen Regan | ) edition.cnn.com time to read: +9 min

CNN —Renewed fears of ethnic cleansing against the stateless Rohingya Muslim community are mounting after reports that hundreds of people, including women and children, were killed by drone strikes while fleeing violence in Myanmar’s western Rakhine state last week. Witnesses and Rohingya activists told CNN that a series of drone strikes on August 5 hit civilians fleeing fighting and violence in their villages in Maungdaw, northern Rakhine. The displaced families had been waiting to cross the river to Bangladesh at the time of the attack, they said. Forced recruitment of Rohingya men and boys is stoking religious tensions between the Rohingya Muslim and Rakhine Buddhist communities, the report said. “Ethnic Rohingya and Rakhine civilians are bearing the brunt of the atrocities that the Myanmar military and opposition Arakan Army are committing,” said Elaine Pearson, Asia director at Human Rights Watch.

Persons: Rohingya, “, ”, –, …, Orla Murphy, Hasan, Rehman Asad, Mohammad Elias, Elias, ” Elias, Elaine Pearson Organizations: CNN, Arakan Army, AA, Myanmar, United Nations, International Court of Justice, Free Rohingya Coalition, Resource Management, Sans, MSF, “, ” CNN, Bangladesh’s Border Guard Force, Human Rights, Human Rights Watch Locations: Rakhine, Myanmar, Bangladesh, Ma, Maungdaw, Myanmar’s, Muangdaw, Lwin, Rohingya, Cox’s Bazar, Ukhia, Cox's Bazar, “, Buthidaung, Arakan, Asia

Here’s the latest:S&P 500 futures were up slightly after fears of a slowdown in growth and hiring rocked the benchmark index last week. Investors endured both a stomach-churning rout on Monday and a bounce-back rally on Thursday. Despite that, the S&P 500 ended the week down just 0.04 percent. The big event this week is Wednesday’s inflation data. Investors are anxious after tepid jobs and manufacturing data suggested a slowdown was on the horizon.

Persons: Michelle Bowman, ” Brian Moynihan, Wall Organizations: Investors, Nvidia, Fed, Bank of America, CBS Locations: Europe, Asia

☆ Goldman Sachs names the Japanese stocks to buy right now — and gives 2 over 50% upside
▼ + stars: | 2024-08-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

In a note on Aug. 7, Goldman's analysts revealed a number of top picks, including three buy-rated Japanese stocks with over 40% upside potential over the next 12 months. Year-to-date, Asics shares are up 99.5%. Goldman has a target price of 3,100 Japanese Yen ($21.07) on the stock, giving it around 50% upside potential at the time of the note. Goldman has a target price of 6,900 Japanese Yen on the stock, or 37% potential upside. Goldman has a target price of 4,850 Japanese Yen on the stock, giving it around 54% upside potential at the time of the bank's note.

Persons: Goldman Sachs, U.S . Asics Corporation Goldman, Sho Kawano, Asics, Goldman, Suntory Beverage & Food Goldman, Takashi Miyazaki, Miyazaki, Ryo Harada, — CNBC's Michael Bloom Organizations: Nikkei, Tokyo Stock Exchange, U.S . Asics Corporation, Asics Corp, Suntory Beverage & Food, Asia Pacific, Suntory, Yen, Hitachi Locations: U.S, Japan, Europe, Asia

☆ New study finds invasive Jorō spiders ‘keep cool under pressure’
▼ + stars: | 2024-08-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +9 min

… It seems like even though their heart rate does accelerate, it’s much more even (than the other spider’s heart rates),” he added. To test the spiders’ heart rates, Davis and study coauthor Christina Vu, who was a University of Georgia undergraduate student of entomology at the time, wrangled 79 spiders from two different genera. The Jorō spiders (top left) had to be carefully restrained using pins in order to measure the arachnids' heart rates. They compared the spiders’ resting heart rates to their heart rates during restraint and found all the spiders’ heart rates increased, but the Argiope spiders, which are known to avoid urban settings, had many more spikes as they struggled to run away, according to the research. … To observe spider heart rates, they must be restrained in the first place, which causes a heart rate elevation,” he said.

Persons: I’ve, ’ ”, Andy Davis, panicking, Davis, Christina Vu, —, ” Vu, Jorōs, “, ”, Floyd Shockley, ” Shockley, Jay Stafstrom, ” Stafstrom, they’re Organizations: CNN —, University of Georgia, University of Georgia’s Odum, of Ecology, University, Georgia, Smithsonian National Museum of, Cornell University Locations: United States, Asia, Georgia, West Virginia , Tennessee, Maryland, Canada, arachnophobes, Washington , DC, Ithaca , New York

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Qualcomm, Robinhood, Starbucks, Disney & more
▼ + stars: | 2024-08-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS said it's sticking with Nvidia shares heading into earnings later this month. Wolfe downgrades Qualcomm to peer perform from outperform Wolfe said Apple's internal modem use is finally having an effect on Qualcomm. Jefferies upgrades Par Technology to buy from hold Jefferies said it's bullish on shares of the "pure-play" restaurant tech platform. " Deutsche Bank upgrades Eli Lilly to buy from hold Deutsche upgraded the stock following earnings last week. Bank of America upgrades Churchill Downs to buy from neutral Bank of America said it likes the racing company's growth pipeline.

Persons: Morgan Stanley, Disney, it's, Wolfe, Qualcomm, Wedbush, it's bullish, Jefferies, Walmart Evercore, Piper Sandler, Piper, HOOD, Goldman Sachs, Mills, Goldman, Canaccord, Mizuho, Cummins, Wells, PRU, Eli Lilly, Churchill, Jim Anderson Organizations: UBS, Nvidia, RBC, Ardent Health, Ardent Health Partners, Inc, Qualcomm, Jefferies, Technology, Walmart, HSBC, GE Vernova, GE, Micron, MU, Elliott, Bank of America, Liberty Global, underperform Bank of America, Liberty, Prudential, Allstate, Deutsche Bank, Deutsche, of America, " Bank of America Locations: Asia, Cupertino, Wells, Churchill

☆ European markets are set to rally at the open, with U.S. inflation data in focus this week
▼ + stars: | 2024-08-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are expected to rally at the start of the new trading week, with global markets keeping a close eye on U.S. inflation data out Wednesday. European markets are set to follow in the footsteps of their counterparts in Asia-Pacific, where markets were mostly higher overnight. The rally comes after global stock markets see-sawed last week with steep sell-offs followed by a sharp rebound. U.S. stock futures were lower as investors awaited key inflation data due later this week. In focus is the U.S. producer price index report for July, out Tuesday, followed by the country's latest consumer price index data on Wednesday, with investors looking for signs that price growth is stabilizing.

Persons: Germany's DAX Organizations: CAC, IG Locations: Asia, Pacific, U.S

☆ There's an abundance of capital from Middle East and investors are eyeing Southeast Asia, BofA says
▼ + stars: | 2024-08-12 | 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 EmailThere's an abundance of capital from Middle East and investors are eyeing Southeast Asia, BofA saysJohn Lin, head of mergers and acquisitions for Southeast Asia at Bank of America, discusses the sectors attracting interest.

Persons: BofA, John Lin Organizations: Southeast Asia, Bank of America Locations: Middle East, Southeast Asia

☆ Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns 'draconian'
▼ + stars: | 2024-08-12 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Veteran investor David Roche expects a bear market in 2025 caused by smaller-than-expected rate cuts, a slowing U.S. economy and an artificial intelligence bubble. "I think [a bear market] is probably coming, but probably in 2025. Roche expects the Fed to resist reducing rates to the market's desired 3.50%. "The second thing is that profits [won't] fulfill expectations, because the economy is going to be slowing," Roche warned. The third factor Roche expects will lead to a bear market is the AI sector.

Persons: David Roche, CNBC's, Roche Organizations: Quantum Strategy, U.S, Presidential

Parts of Canada’s Boreal Forest Are Burning Faster Than They Can Regrow The delicate balance of one the planet’s largest natural systems for storing carbon depends on the humble black spruce tree. The boreal forests are the largest forests in the world, and in Western Canada they evolved to burn once every century or so. What was troubling, Dr. Baltzer noted, is that fire isn’t supposed to make life harder for the black spruce tree. Any imbalance in this tug of war between life and death can threaten the boreal forests’ ability to store heat-trapping carbon. Given how huge the boreal forests are, her research could help shed light on which parts of the ecosystem were most important to protect.

Persons: Jennifer Baltzer, Baltzer, Wilfrid, Veronica Penney, ”, Marc, André, I’d, doesn’t, Jeff Mcintosh, Austin McIntosh, Kyle Fennig, Maya Provenzano, geopyxis carbonaria, “, Fred Sangris, Sangris, “ We’ve, Sangris’s, Philippe Ciais Organizations: Wilfrid Laurier University, Territories, Territories Yellowknife Research, columbia Alberta Area, Area, British Columbia Alberta Area, Natural Resources, Ocean, Ocean Yellowknife Research, Hudson Bay Edmonton, Calgary Saskatoon Winnipeg Montreal Ottawa Toronto Black, Vancouver Saskatoon Winnipeg Montreal Toronto Black, Calgary Saskatoon Winnipeg Montreal Ottawa Black, Information, Canadian Forest Service, Canadian Press, Associated Press, Wilfred Laurier University, Dene First Nations, Northwest, First Nations, Enterprise, United, Environmental Sciences Locations: Canada, Northwest Territories, Western Canada, Territories Yellowknife, columbia, British, North America, Netherlands, Natural Resources Canada, Behchoko, Ocean Yellowknife, Hudson Bay, Toronto, Enterprise, Northwestern Territories, Paris, Kakisa, Asia, Europe, Ndilo, Yellowknife, Dettah, United Nations

☆ Japan and Middle East investors interest in Southeast Asia
▼ + stars: | 2024-08-12 | 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 EmailThere's significant interest from Japan and Middle East investors in Southeast Asia: Bank of AmericaJohn Lin from Bank of America talks about M&A activities in Southeast Asia.

Persons: Bank of America John Lin Organizations: Bank of America Locations: Japan, Middle East, Southeast Asia

☆ China's bond market is rattled as central bank squares off with bond bulls
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +4 min

A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.

Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia

☆ Asia-Pacific markets open higher after volatile week; India inflation and industrial data in focus
▼ + stars: | 2024-08-12 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets opened higher on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks. Futures for benchmark U.S. indexes were lower as investors awaited key inflation data due later this week. Major Wall Street averages rose Friday, with the indexes making a sharp recovery from last week's volatile market rout. In Asia, traders on Monday will assess inflation and industrial output data from India. Meanwhile, India's industrial output for June is expected to come in at 5.5%, slightly down from 5.9% in May.

Persons: Dow Organizations: Nasdaq, Reuters Locations: Ahmedabad, India, Asia, Pacific, Japan

PARIS — Everywhere you looked at the 2024 Paris Games, Americans dominated. On the final day of the Games, China is leading Team USA in the medal table, with 39 golds to America’s 38. Its two golds here included the 4x100-meter medley, the first time in Olympic history that anyone had beaten the U.S. Though Russia, a longtime dominant force in the sport, was excluded from these Games, China still achieved a score that far outstripped any competitors. China has also been quick to embrace some of the newer Olympic sports including sport climbing, skateboarding, surfing and breaking.

Persons: Snoop, Lady Gaga, ”, Fang Zheng, “, it’s, ” Chen Yiwen, Oli Scarff, Zhanle, Hunter Armstrong, Caeleb Dressel, Zheng Qinwen, Jacklyn Luu, Deng Yawen, Zheng Haohao, Paris —, Ma Long, Wang Chuqin, Lintao Zhang, Erriyon Knighton, Xu Shixiao, Lindsey Wasson, Mao Zedong, Richard Nixon, Deng Xiaoping, Li Fabin, Miguel Medina, Xi Jinping, Li Xiang, ” Li Organizations: Games, . Team USA, USA, China, U.S, Doping Agency, WADA, New York Times, NBC, USA’s, Soviet Union, China’s, Association, Asian Studies, Asia, Helsinki Games, China wouldn’t, International Olympic Committee, IOC, Getty, Global Times Locations: United States, China, Paris, France, AFP, U.S, Spain, Russia, Beijing, India, USA, Soviet, Michigan, Western, Taiwan, Los Angeles, Taipei, ” Beijing

☆ China stocks escaped much of the latest sell-off. Signals for whether to buy
▼ + stars: | 2024-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The latest global market volatility has reinforced China's status as a distinct market, even if its growth has slowed recently. While U.S. tech stocks plunged and Japanese stocks swung wildly in a historic two days of price action , Chinese stocks suffered less . The investors remained net buyers of Chinese stocks for the third quarter so far as of Aug. 6, the data showed. Finally, the low correlation of the China stock market with the U.S. stock market could provide investors with diversification benefits." Chinese stocks, especially those traded on the mainland, have historically been less correlated to global market moves due to Beijing's capital controls and other restrictions.

Persons: Matt Wacher, William Yuen, Invesco, That's, Steven Sun, Paul Christopher, Morningstar's Wacher, it's, Wacher Organizations: Nasdaq, Nikkei, Morningstar Investment Management, U.S, HSBC, Technology, Shanghai —, Bank of, Federal Reserve, Treasury, HSBC Qianhai Securities, National Bureau, Statistics, Wells, Wells Fargo Investment Institute, Index Locations: Asia, U.S, Shanghai, China, Pacific, EPFR, Hong Kong, Bank of China, Wells Fargo

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