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Over the last several years, such upstart consumer brands have been gaining market share in China and South Korea, according to a report from Bain and Company released Monday. China and South Korea stood out as markets where insurgent brands were doing particularly well. In South Korea, incumbent brands dominated just four sectors — fragrances, confectionery, diapers and bottled water, the report showed. High penetration of e-commerce in Indonesia (26%) and Singapore (13%) also gave insurgent brands a boost. Incumbent brands still hot

Persons: David Zehner, Bain, Zehner, There's, It's Organizations: Future Publishing, Bain and Company, Bain, CNBC Locations: Qingzhou city, East China's Shandong, Asia, China, South Korea, Pacific, South, Indonesia, Singapore, Malaysia, Philippines, India, confectionary

☆ 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

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

☆ CNBC Daily Open: Tech earnings not impressing Wall Street
▼ + stars: | 2024-01-31 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

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 stocks mixedAsia-Pacific markets were mixed Wednesday ahead of the interest rate decision from the U.S. Federal Reserve. Overnight, U.S. stocks also closed mixed. Alphabet, Microsoft disappointWall Street wasn't too impressed with the quarterly results from tech giants Alphabet and Microsoft.

Persons: Elon Musk, Tesla, Goldman Sachs Organizations: CNBC, U.S . Federal, Dow Jones, Nasdaq, Microsoft, Tesla Locations: Asia, Pacific, China, Delaware

☆ European markets head for positive open ahead of euro zone GDP data
▼ + stars: | 2024-01-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Tuesday with investors keeping an eye on preliminary fourth-quarter gross domestic product figures due to be released by the euro zone. Regional markets on Monday closed slightly higher as investors looked ahead to a slew of earnings, data and central bank announcements through the week. Asia-Pacific markets rose across the board overnight, except Hong Kong, which fell as investors continue to grapple with the fallout from Evergrande's liquidation order. S&P 500 futures are little changed Monday night as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon Wednesday.

Organizations: Federal Reserve Locations: Asia, Pacific, Hong Kong

☆ 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

☆ European markets set to open higher following ECB decision, U.S. data
▼ + stars: | 2024-01-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

European markets are expected to open higher Friday as investors digest the European Central Bank's latest decision and fresh economic data from the U.K. and U.S. The ECB met market expectations Thursday and held interest rates steady at their current record high. U.K. consumers are their most confident since January 2022, buoyed by falling inflation, new survey data showed Friday. Stateside, U.S. stock futures were higher after economic growth for the quarter came in well above expectations. Meantime, Asia-Pacific markets mostly declined Friday as electric vehicle stocks in the region dropped for a second day, while investors also digested inflation data from Tokyo.

Organizations: Central, ECB Locations: Asia, Pacific, Tokyo

☆ Stanley and other drink cups contain lead. Should you be worried?
▼ + stars: | 2024-01-26 | by ( Madeline Holcombe | Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —First, Stanley cups were all over social media because so many people wanted them. Videos on social media sites such as TikTok show people breaking out a lead testing kit and trying it on their Stanley cups and other travel flasks. And Stanley cups are everywhere. Stanley cups are in the hands of beauty bloggers, the cars of parents at school pickup, and even on the Christmas lists of many kids this past year. The main source of lead exposure in the United States comes from inhaling dust or eating particles contaminated by paint chips.

Persons: Stanley, ”, Jane Houlihan, ” Houlihan, It’s, “, CPSC, Patty Davis, ” Davis, Olga Naidenko, Naidenko Organizations: CNN, Stanley, Pacific Market, “, US Centers for Disease Control, Healthy, US Consumer Product Safety, Amazon, US Environmental Protection Agency, CPSC, US Consumer Product, Safety Commission, CDC, Environmental Protection Agency Locations: Washington, DC, United States

☆ CNBC Daily Open: What recession? The U.S. economy grew at rapid pace
▼ + stars: | 2024-01-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

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. Tesla shares plunge 12%Shares of electric vehicle maker Tesla plunged 12%, their biggest drop in over a year. Commodity markets in 'super squeeze' spotSupply disruptions and lack of investment are putting global commodity markets in a "super squeeze," according to HSBC. Some investors have been wary since Beijing has been struggling with a property debt crisis that has triggered financial risks across the broader economy.

Persons: Joe Biden, Biden, Tesla Organizations: CNBC, U.S, Dow Jones, Nasdaq, HSBC, Pro Locations: Emmaus, Emmaus , Pennsylvania, Asia, Pacific, Tesla, China, Beijing

☆ 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

☆ European markets head for higher open ahead of euro zone PMI data
▼ + stars: | 2024-01-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Wednesday as investors look ahead to preliminary purchasing managers' index (PMI) data from the euro zone in January. The composite services and manufacturing PMI data will give investors a gauge of business activity in the single currency area, ahead of the European Central Bank's next meeting on Thursday. Overnight in Asia-Pacific markets, Hong Kong's Hang Seng index surged almost 2%, powered by tech stocks as other regional markets mostly fell. U.S. stock futures tied to the tech-heavy Nasdaq 100 climbed Wednesday morning after Netflix reported its subscriber count reached a record in the fourth quarter.

Organizations: European Central Bank's, Netflix Locations: Asia, Pacific, U.S

☆ 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

☆ CNBC Daily Open: A mixed picture on earnings
▼ + stars: | 2024-01-24 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Asia largely downAsia-Pacific markets mostly fell on Wednesday but Hong Kong's Hang Seng index jumped as much as 2.67%, powered by tech stocks. In her speech after the primary contest was called for Trump, Haley insisted she will stay in the race. It showed retail investors aren't completely sold on the new funds.

Persons: Wall, Haley, Donald Trump, Nikki Haley, bitcoin Organizations: CNBC, New York Stock Exchange, Nasdaq, Dow, Industrial, Netflix, Trump, South Carolina Gov, EV, Tesla, Deutsche Bank, Securities and Exchange Commission Locations: New York City, Asia, Pacific, New Hampshire, U.S, Europe

☆ European markets head for flat open, losing positivity seen at the start of the week
▼ + stars: | 2024-01-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a flat open Tuesday, losing an air of positivity seen in the previous trading session. In Asia-Pacific markets, Hong Kong stocks rebounded Tuesday after two straight days of declines, while Japan's Nikkei 225 index rose as the Bank of Japan kept its monetary policy unchanged in its first monetary policy meeting of the year. U.S. stock futures were little changed Tuesday morning after the Dow Jones Industrial Average surpassed 38,000 for the first time ever.

Organizations: Nikkei, Bank of Japan, Dow Jones Industrial Locations: Asia, Pacific, Hong Kong

☆ 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

☆ European markets expected to start the new trading week higher
▼ + stars: | 2024-01-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to start the new trading week in positive territory Monday, with regional investors keeping an eye out for preliminary consumer confidence data from the euro zone for January. Elsewhere overnight, Asia-Pacific markets were mixed on Monday as China kept its loan prime rates unchanged, as expected. U.S. stock futures were little changed on Sunday evening, with investors looking to build on the S&P 500′s fresh all-time high from Friday.

Locations: Asia, Pacific, China

☆ 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

☆ 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

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

☆ European markets head for lower open while Davos steps up a gear
▼ + stars: | 2024-01-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

The annual forum steps up a gear Tuesday with special addresses by Chinese Premier Li Qiang, European Commission President Ursula von der Leyen, U.S. National Security Advisor Jake Sullivan and Ukrainian President Volodymyr Zelenskyy. European stocks are heading for a lower open Tuesday as markets continue to focus on news and comments from the World Economic Forum in Davos, Switzerland. A general view shows the congress centre, the venue of the World Economic Forum (WEF) in Davos, Switzerland January 13, 2020. Asia-Pacific markets fell overnight, with Japanese stocks also halting their record-breaking rally since the start of the year. U.S. stock futures were also lower Monday night as Wall Street awaits December retail sales data due Wednesday and bank earnings that will provide a better picture of the state of the American consumer.

Persons: Premier Li Qiang, Ursula von der Leyen, Jake Sullivan, Volodymyr Zelenskyy Organizations: Premier, U.S . National, Economic Locations: U.S, Davos, Switzerland, Swiss, Asia, Pacific

☆ 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

☆ Asia markets largely poised to fall after Taiwan elections; China GDP and Japan inflation in focus this week
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Yasuyoshi CHIBA / AFP) (Photo by YASUYOSHI CHIBA/AFP via Getty Images) Yasuyoshi Chiba | Afp | Getty ImagesAsia-Pacific markets are set to fall after Taiwanese voters handed the Democratic Progressive Party another presidential victory, delivering the ruling party an unprecedented third-straight presidential term. The DPP's Lai Ching-te, the incumbent vice-president, emerged as the winner of the self-governing island's presidential contest with more than 40% of the popular vote. Investors will be closely watching China's fourth quarter gross domestic numbers due out on Wednesday, while Japan will also release inflation figures for December on Friday. Futures contract in Chicago was at 35,635 and its counterpart in Osaka at 35,590, after the Nikkei hit levels not seen since February 1990 last week. In contrast, futures for Hong Kong's Hang Seng index stood at 16,306 pointing to a stronger open compared to the HSI's close of 16,244.58

Persons: Democratic Progressive Party's, Yasuyoshi CHIBA, YASUYOSHI CHIBA, Yasuyoshi Chiba, Lai Ching Organizations: Democratic Progressive, Getty, Afp, Democratic Progressive Party, Nikkei Locations: Taipei, AFP, Asia, Pacific, Japan, Australia, Chicago, Osaka

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