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Tokyo and Hong Kong fell while Shanghai, Seoul and Sydney gained. U.S. futures and oil prices edged higher. Meanwhile, the broader economy has remained strong enough in the face of rising interest rates and inflation to avoid a recession. The Hang Seng in Hong Kong slipped 0.8% to 17,381.14. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 4.38% from 4.47% late Friday.

Persons: ” Robert Carnell, Min Joo Kang, Sensetime, Grizzly, Kospi, Australia's Organizations: Sydney, Conference, FactSet, Federal, Federal Reserve, U.S, ING Economics, Nikkei, Grizzly Research, Hong Kong Stock Exchange, Dow Jones, Nasdaq, Treasury, New York Mercantile Exchange, Brent, Investors, U.S . Locations: BANGKOK, Asia, Tokyo, Hong Kong, Shanghai, Seoul, China

BANGKOK (AP) — Shares declined Friday in Asia, with Hong Kong's benchmark retreating on selling of property shares following recent gains. Japan reported its consumer inflation rose for the first time in four months, with big gains in food prices and hotel rates as tourism has soared. Political Cartoons View All 1265 ImagesChinese shares fell back after recent gains driven by expectations of more government support for debt-burdened property developers. On Thursday, European shares edged higher in thin trading. Britain’s FTSE 100 edged 0.2% higher to 7,483.58.

Persons: ” Robert Carnell, Min Joo Kang, Korea's, Germany’s DAX Organizations: —, Bank of, ING Economics, Nikkei, CAC, Dow, Nasdaq, Black, Walmart, Saks Fifth, Federal, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, Japan, Hong Kong, Shanghai, Australia, Bangkok, Paris

☆ Yuan slides after China cuts lending benchmarks; Aussie down
▼ + stars: | 2023-06-20 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

"Markets were expecting bigger support and were hoping for a larger LPR cut," said currency strategist Christopher Wong at OCBC. It's probably going to be more targeted," said currency strategist Moh Siong Sim at Bank of Singapore. "The minutes were interpreted by market participants as dovish," said currency strategist Carol Kong at Commonwealth Bank of Australia. The yen has come under renewed pressure amid rising interest rate differentials between Japan and other developed markets. Sterling edged 0.06% higher to $1.2798, ahead of British inflation data and the Bank of England's (BoE) interest rate decision later in the week.

Persons: Christopher Wong, Moh Siong Sim, Carol Kong, Min Joo Kang, BoE, Rodrigo Catril, Rae Wee, Christopher Cushing Organizations: Bank of Singapore, Reserve Bank of Australia's, Commonwealth Bank of Australia, New Zealand, Bank of Japan's, ING, South, Central Bank, Sterling, Bank of England's, National Australia Bank, Bank of England, U.S ., Thomson Locations: SINGAPORE, China, OCBC, Japan, South Korea

☆ Dollar buoyant; yuan wobbles after China cuts lending benchmarks
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar rose broadly on Tuesday and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. The offshore yuan dipped slightly following the decision and was down more than 0.1% at 7.1734 per dollar, languishing near last week's roughly seven-month low. The yen has come under renewed pressure amid rising interest rate differentials between Japan and other developed markets globally. Sterling rose 0.05% to $1.2797, ahead of British inflation data and the Bank of England's interest rate decision later in the week. Against a basket of currencies, the U.S. dollar rose 0.03% to 102.51.

Persons: it's, Rodrigo Catril, Min Joo Kang, Sterling, BoE, NAB's Organizations: U.S, National Australia Bank, NAB, Bank of, ING, South, Reserve Bank of, New Zealand, Central Bank, Bank of England Locations: China, United States, Asia, Japan, South Korea

☆ Kazuo Ueda nominated to lead Japan's central bank in possible move away from ultra-easy policy
▼ + stars: | 2023-02-14 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —The Japanese government has nominated Kazuo Ueda to lead its central bank, in a surprise move that could pave the way for the country to wind down its ultra-loose monetary policy. Accommodative is a term used to describe monetary policy that adjusts to adverse market conditions and usually involves keeping interest rates low to spur growth and employment. As part of that program, the central bank targeted some short-term interest rates at an ultra-dovish minus 0.1% and aimed for 10-year government bond yields around 0%. But as prices rose and interest rates elsewhere went up, pressure has grown on the BOJ to wind down YCC. But Kuroda later dismissed a near-term exit from his ultra-loose monetary policy.

☆ Asian shares slip as investors gauge China reopening policy
▼ + stars: | 2022-12-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

SINGAPORE, Dec 28 (Reuters) - Asian equities were subdued on Wednesday, while the dollar held firm, with investors looking for direction after China took further steps towards reopening its COVID-battered economy. The yield on 10-year Treasury notes was down 0.9 basis points at 3.849%, hovering around the five-week high of 3.862% it touched in the previous session. The yield on the 30-year Treasury bond was down 2.3 basis points at 3.920%, while the two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 1.9 basis points at 4.349%. "The spring salary negotiation next year is the most important to watch for further meaningful policy change for the Bank of Japan." The dollar index , which measures the safe-haven greenback against six major currencies, rose 0.077%.

☆ Morning Bid: Land of the rising yields
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike Dolan. In the last major central bank set-piece of the year, the BOJ raised its long-standing cap on 10-year Japanese government bond yields by quarter of a percentage point to 0.5% - sending those yields and the yen surging and squeezing stocks further. Yet most investors felt that was only likely when BOJ chief Haruhiko Kuroda stepped down in April. Japan's 10-year bond yields immediately almost doubled close to the new 0.5% target, with U.S. Treasury and European sovereign debt yields rising in their slipstream. Apart from the timing, the BOJ move marks a significant moment in draining the world economy of central bank liquidity pumped in to support economies during the pandemic.

☆ China's Sept factory activity set for third straight monthly contraction - Reuters poll
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

read moreOn Tuesday, data showed profits at China's industrial firms shrank at a faster pace in January-August. "Container throughput data for the first 10 days of September declined 15% year-on-year partially on port disruptions due to typhoons, which might drag on manufacturing activity growth," they said. Goldman Sachs revised down its 2023 China GDP growth forecast to 4.5% from a previous projection of 5.3%, and predicted that Beijing is unlikely to begin reopening before the second quarter next year. The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Friday. The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will also be published on Friday.

Hong Kong/Seoul CNN Business —Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. South Korea is the world’s third largest market for fried chicken, outpaced only by the far more populous United States and China, data from market research provider Euromonitor International shows. Fried chicken on display at a Homeplus store in South Korea. Fried chicken warSellers have taken vastly different approaches to the situation in recent months. In August, emart, another major supermarket chain, launched a one-week promotion to sell fried chicken at almost 50% off — and sold all 60,000 pieces.

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