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Sentiment rebounded in China as the blue chip CSI300 index (.CSI300) turned positive to be up 0.07% after initially losing 0.54%. Australian shares (.AXJO) were up 0.15%, while Japan's Nikkei stock index (.N225) rose 0.29% after early trading up by nearly 0.8%. ANZ predicts China's July consumer price index to come in at minus 0.4% year-on-year. "Weak inflation in China should be a global disinflationary force in goods markets going forward." Minor measures to help property markets have been delivered in the past fortnight, but no broad stimulus has been outlined.

Persons: Kim Kyung, Hoon SYDNEY, Hong, HSI, Mizuho, Brent, Scott Murdoch, Lincoln Organizations: Yen, REUTERS, Federal, Japan's Nikkei, Dow Jones, Nasdaq, Global, ANZ, Thomson Locations: Tokyo, Japan, China, United States, Asia, Pacific, U.S, Sydney

U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Sterling traded slightly higher after recovering knee-jerk losses following the Bank of England's decision to downshift to a quarter point rate hike on Thursday. Meanwhile, the risk-sensitive Australian dollar strengthened amid a rebound in Chinese stocks and U.S. equity futures. The U.S. dollar index , which gauges the currency against a basket of six counterparts, edged 0.07% lower to 102.38 in early Asia. However, the dollar edged higher to 142.64 yen , aided by the rise in long-term Treasury yields to a nearly nine-month high at 4.198% overnight.

Persons: Dado Ruvic, Sterling, BoE, Ray Attrill, Attrill, Hong, Kevin Buckland, Brigid Riley, Jacqueline Wong Organizations: REUTERS, Bank of, of, U.S, National Australia Bank, European Central Bank, Reserve Bank of Australia, Nasdaq, Thomson Locations: Asia, Sterling, U.S, China

☆ Asian shares rise as investor focus turns to US payrolls
▼ + stars: | 2023-08-04 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.46% higher after dropping 2.3% on Thursday. Overnight, U.S. stocks closed little changed after a choppy trading session, as investors weighed rising Treasury yields with the latest batch of economic data and earnings. "U.S. stock markets may be entering a correction phase after a multi-month rally," said markets analyst Tina Teng at CMC Markets. The yield on 10-year Treasury notes was at 4.187% in Asian hours, just shy of the nine-month peak of 4.198% touched on Thursday. In currencies, the dollar index , which measures U.S. currency against six peers, fell 0.039% to 102.41, easing away from the near one-month peak of 102.84 reached on Thursday.

Persons: Issei Kato SINGAPORE, Anderson Alves, Fitch, Alves, HSI, Tina Teng, Teng, Brent, Ankur Banerjee Organizations: U.S ., REUTERS, Japan's Nikkei, Hong, CMC Markets, Amazon.com, Apple, U.S, Treasury, Treasury Department, Sterling, Bank of England, Thomson Locations: Tokyo, Japan, Asia, Pacific, ActivTrades, Shanghai, Hong Kong, U.S

☆ Asia markets mixed as rising U.S. bond yields pressure equities
▼ + stars: | 2023-08-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

17 May 2022, Australia, Sydney: The Sydney skyline with the famous Opera House. Photo: Carola Frentzen/dpa (Photo by Carola Frentzen/picture alliance via Getty Images)Asia-Pacific markets were mixed on Friday as rising bond yields continue to put pressure on equities in the wake of the U.S. credit downgrade. IG market analyst Tony Sycamore noted the yield on the U.S. 30 year bond rose by 14 basis points overnight to 4.30%, taking the yield towards its October 2022 4.42% high. "The move higher in long end yields is being driven by lumpy bond issuance, resilient data and Fitch's downgrade earlier in the week," Sycamore said. South Korea's Kospi bucked the trend and rose 0.26%, while the Kosdaq was up 0.19%.

Persons: Carola Frentzen, Tony Sycamore, lumpy, Sycamore Organizations: Opera, Getty Images, Reserve Bank, Nikkei Locations: Australia, Sydney, Asia, Pacific

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. Investors in China's stock markets, however, were clearly underwhelmed, as Hong Kong's Hang Seng Index (.HSI) dropped roughly 2% over the week, while the mainland's benchmark CSI 300 index (.CSI) eked out a 0.7% gain. But investors are becoming frustrated by the time the NDRC is taking to flesh out stimulus policies, or order measures like a cut in stamp duty - that could help China's ailing property sector, and please investors in stocks and bonds. Even in a best-case scenario, growth over the second half of this year looks set to be modest." Reporting by Joe Cash and Albee Zhang in Beijing; Editing by Himani Sarkar & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, HSI, flexibly, Zou Lan, Xu Tianchen, Joe Cash, Albee Zhang, Himani Sarkar, Simon Cameron, Moore Organizations: People's Bank of China, REUTERS, National Development, Reform Commission, Communist Party's, UBS, Council, Economist Intelligence Unit, Weibo, Capital Economics, Thomson Locations: Beijing, China, BEIJING

European shares (.STOXX) slipped 0.6%, bruised by disappointing earnings reports and elevated U.S. bond yields, on course for their third straight day of losses. Sterling extended losses after the BoE decision, falling as much as 0.7% to its lowest since June 30. The BoE decision was closely watched for clues on how central banks globally will balance taming inflation and maintaining growth. U.S. 10-year yields hit a new nine-month peak of 4.17%, while 30-year yields rose to a fresh nine-month top. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.4%, extending losses after a drop of 2.3% a day earlier.

Persons: Sterling, BoE, Stuart Cole, Morgan Stanley, Tom Wilson, Stella Qiu, Mark Potter, Bernadette Baum Organizations: REUTERS, Staff, Sterling, LONDON, Bank of England, FTSE, Equiti, Nasdaq, Treasury, U.S, AMAZON Investors, Apple, Thomson Locations: Frankfurt, Germany, Asia, Pacific, Japan, China, London, Sydney

European shares (.STOXX) slipped 1.1% after falling on Wednesday to two-week lows as rating agency Fitch cut the U.S. government's credit rating. UK shares (.FTSE) fell 1.3%, with the Bank of England (BoE) expected to raise interest rates later in the day. Pressuring stocks were a climb in long-term U.S. Treasury yields after stronger-than-expected private employment data and the announced refunding of the U.S. government's maturing debt. U.S. 10-year yields hit a new nine-month peak of 4.17%, while 30-year yields rose to a fresh nine-month top. The risk, investors said, was that a repeat of June's surprise half-point increase could fuel bets that major central banks are not done tightening yet.

Persons: Issei Kato, Fitch, BoE, Jonathan Petersen, Morgan Stanley, Sterling, Tom Wilson, Stella Qiu, Kim Coghill, Mark Potter Organizations: REUTERS, Apple, LONDON, Bank of England, Nasdaq, Treasury, U.S, Capital Economics, APPLE, Thomson Locations: Tokyo, Japan, Asia, SYDNEY, Pacific, China, London, Sydney

☆ Asian shares hesitant after Wall Street sell-off, dollar buoyant
▼ + stars: | 2023-08-03 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.2%, having also suffered a colossal drop of 2.3% just a day earlier. U.S. 10-year yields hovered at 4.0856% in Asia, just a touch below a nine-month top of 4.1260% hit overnight. The risk-sensitive Australia dollar snapped a key support level to hover at $0.6532, just a touch above its 2023 low of $0.6459. Brent crude futures were up 0.2% at $83.33 per barrel and U.S. West Texas Intermediate crude futures rose 0.1% to $79.6.

Persons: Issei Kato, Fitch, Matt Simpson, nonfarm, Stella Qiu, Jacqueline Wong Organizations: REUTERS, Asia, Apple, Bank of, Nasdaq, Japan's Nikkei, Bank of Japan, Index, Inc, U.S, Bank of England, Brent, . West Texas, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, Brisbane, U.S

☆ Asia markets set to fall as Wall Street sees selloff after U.S. credit downgrade
▼ + stars: | 2023-08-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Central Hong Kong and the IFC tower seen from the Avenue of Stars in Tsim Sha Tsui. (Photo by Marc Fernandes/NurPhoto via Getty Images)Asia-Pacific markets are set to extend losses Thursday tracking Wall Street's selloff after ratings agency Fitch downgraded the United States' long-term credit rating from AAA to AA+. In Asia, investors will be watching the Caixin survey for China's service sector activity in Juy. Futures for Hong Kong's Hang Seng index stood at 19,403, pointing to a weaker open compared to the HSI's close of 19,517,38. In Australia, futures for the S&P/ASX 200 were at 7,241 compared to the last close of 7,354.6.

Persons: Marc Fernandes, Fitch Organizations: IFC, Tsim Sha Tsui, Getty Images, United, AAA, AA Locations: Hong Kong, Tsim Sha, Asia, Pacific, United States, 19,517,38 . Hong Kong, Chicago, Osaka, Australia

☆ Stocks fall, Treasuries gain after Fitch downgrades US rating
▼ + stars: | 2023-08-02 | by ( Xie Yu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/file photoHONG KONG, Aug 2 (Reuters) - Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. Asian stocks were also weighed by declines on Wall Street overnight. Fitch cut the United States by one notch to AA+ from AAA, citing fiscal deterioration, a decision announced after the Wall Street close on Tuesday. U.S. 10-year Treasury yields declined by about 2 basis points to 4.025% in Tokyo. The United States publishes fresh data on jobless claims and unemployment later this week.

Persons: Kim Kyung, Fitch, Hong Kong's, HSI, Manishi Raychaudhuri, counterintuitively, Steven Ricchiuto, Brent, Xie Yu, Sam Holmes Organizations: REUTERS, U.S, Treasury, United, Japan's Nikkei, AAA, Asia, BNP Paribas, Standard, U.S ., Mizuho Securities, West Texas, Thomson Locations: Tokyo, Japan, HONG KONG, United States, Asia, ., U.S, China

☆ Asia markets poised to fall as Fitch lowers U.S. credit ratings
▼ + stars: | 2023-08-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shoppers at the shopping street in Hongdae district in Seoul, South Korea, on Saturday, July 2, 2022. Asia-Pacific markets are set to largely fall Wednesday after ratings agency Fitch cut the U.S. credit rating from AAA to AA+, citing "expected fiscal deterioration over the next three years." Futures for Australia's S&P/ASX 200 point to a lower open, standing at 7,360 compared to its last close of 7,450. Japan's Nikkei 225 is also set to fall, with the futures contract in Chicago at 33,145 and its counterpart in Osaka at 33,190 against the index's last close of 33,476.58. Hong Kong's Hang Seng index futures stood at 19,892, pointing to a weaker open compared to compared to the HSI's close of 20,011.12.

Persons: Fitch, Tony Sycamore Organizations: AAA, AA, Swiss, New, Australia's, Nikkei Locations: Hongdae, Seoul, South Korea, Asia, Pacific, treasuries, New Zealand, Korea, Chicago, Osaka

☆ Asian markets tumble as Fitch downgrades US debt rating
▼ + stars: | 2023-08-02 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Asian markets may “tread cautiously” as investors turn wary of foreign holders selling their US Treasuries, said Stephen Innes, managing partner of SPI Asset Management. Just hours before, Fitch Ratings had cut the credit rating of US debt from the top AAA level to AA+. Together they own $2 trillion, which is more than a quarter of the $7.6 trillion in US Treasury securities held by foreign countries. Nonetheless, Goldman Sachs analysts said on Wednesday that they don’t believe there are any meaningful holders of Treasury securities who will be forced to sell due to a downgrade. “Because Treasury securities are such an important asset class, most investment mandates and regulatory regimes refer to them specifically, rather than AAA-rated government debt,” the Goldman Sachs analysts said.

Persons: Fitch, “, Australia’s, Stephen Innes, Goldman Sachs, ” Organizations: Hong Kong CNN, Nikkei, . Tech, China’s, Fitch, AAA, AA, Treasury Locations: Hong Kong, China’s Shanghai, United States, China, Japan

European stocks (.STOXX) fell 0.2%, stepping back from a 2% gain in July, its second month of gains. UK stocks (.FTSE) edged up 0.1%, however, with HSBC (HSBA.L) climbing 2.6% after announcing a $2 billion share buyback and raising its key profitability target. Oil prices traded near a three-month high hit on Monday amid signs of tightening global supply. Also buoying prices were producers cutting output and demand in the United States, the world's biggest fuel consumer, remaining resilient. The U.S. dollar index - which measures the currency against six major peers - rose as high as 102.07 for the first time since July 10.

Persons: Sandrine Perret, Hong, HSI, Alec Jin, Tom Wilson, Kevin Buckland, Ankur Banerjee, Lincoln, Bernadette Baum Organizations: HSBC, LONDON, . Federal, Fed, Brent, Energy, BP, Bank of, Japan's Nikkei, Reserve Bank of Australia, U.S, Thomson Locations: TOKYO, Unigestion, United States, London, Asia, Tokyo

☆ Asia stocks near 16-month peak on economic optimism, Aussie eases before RBA
▼ + stars: | 2023-08-01 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The Aussie dollar, meanwhile, eased slightly heading into a central bank policy decision, with traders laying about 30% odds on a quarter-point rate hike. MSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) rose 0.25%, heading back toward the high reached Monday, which was its strongest level since April of last year. The dollar added as much as 0.37% to reach a three-week high of 142.80 yen . Japan's benchmark 10-year yield hovered around 0.6%, far from the new de facto cap at 1%. The Aussie weakened 0.34% to $0.66955, putting it around the middle of its trading range of the past week.

Persons: Tony Sycamore, cryptocurrency bitcoin, Kevin Buckland, Sam Holmes Organizations: Bank of, Japan's Nikkei, IG, Caterpillar, U.S, . West Texas, Thomson Locations: TOKYO, Asia, United States, Beijing, Sydney

☆ Asia markets largely set to rise ahead of private manufacturing activity surveys
▼ + stars: | 2023-08-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Asia-Pacific markets are set to largely rise on Tuesday ahead of private manufacturing surveys around the region, including Japan, South Korea and China. China will release the Caixin purchasing managers index in July for both the manufacturing sector, a day after official data showed that the country's factory activity remained in contraction territory for a fourth straight month. Futures for Hong Kong's Hang Seng index stood at 20,348, pointing to a stronger open compared to compared to the HSI's close of 20,078.94. Futures for the S&P/ASX 200 point to a lower open, at 7,383 compared to the last close of 7,410.4.

Organizations: Opera, Vivid, Reuters, PMI, Reserve Bank, Japan's Nikkei Locations: Sydney, Australia, Asia, Pacific, Japan, South Korea, China, Chicago, Osaka

☆ Asia markets poised to rise ahead of business activity surveys out of China
▼ + stars: | 2023-07-31 | 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)Asia-Pacific markets are set to largely rise ahead of business activity data and inflation reports from countries around the region this week. For Monday, China will see the official release of its purchasing managers index in July for both the manufacturing and non-manufacturing sector. Futures for Hong Kong's Hang Seng index stood at 20,160, pointing to a stronger open compared to compared to the HSI's close of 19,916.56. However, in Australia, futures for the S&P/ASX 200 point to a lower open, at 7,376 compared to the last close of 7,403.6.

Persons: HSI Organizations: Getty Images, Reuters, PMI, Nikkei, Reserve Bank Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific, China, Chicago, Osaka, Australia

☆ Asia markets rise as China's factory activity contracts for fourth straight month
▼ + stars: | 2023-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by He Shaoping/VCG via Getty Images)Asia-Pacific markets rose on Monday as China's factory activity for July remained in contraction territory for the fourth straight month. The official manufacturing purchasing managers index came in at 49.3, higher than June's figure of 49.0, according to the national bureau of statistics. The PMI for non-manufacturing activity came in at 51.5, a slower rate of expansion compared to the 53.2 in June. Hong Kong's Hang Seng index surged over 1.71%, while the Hang Seng Tech index saw a larger climb of 4.84%. The country's industrial output for June came in lower than expected, registering a 2% growth month on month compared to the 2.4% expected by economists.

Persons: Hong, HSI, Australia's Organizations: Getty Images, PMI, Hang Seng, Shanghai, Shenzhen, Nikkei, Reserve Bank, Reuters Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific

☆ Morning Bid: Will August retain July's heat?
▼ + stars: | 2023-07-31 | by ( Stephen Culp | ) www.reuters.com time to read: +2 min

August 1 (Reuters) - A look at the day ahead in Asian markets from Stephen Culp, financial markets journalist. Asian stocks have closed the books on a July that ran fairly hot, and not just with respect to temperatures. On Tuesday, Australia's central bank is expected to follow in the footsteps of its global peers by hiking its policy rate by 25 basis points. Both reports should provide further clarity on the effects of the Federal Reserve's restrictive monetary policy on the world's largest economy. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Stephen Culp, Wall, Deepa Babington Organizations: CSI, Asia Pacific, Nikkei, China PMI, Bank of Japan's, Caterpillar, Institute for Supply, Labor, Reserve Bank of, Global, PMI, Thomson, Reuters Locations: Japan, China, Australia's, United States, India, Korea

☆ Morning Bid: Asian markets face tough act to follow
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +3 min

NEW YORK, July 31 (Reuters) - A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Chinese stocks face the challenge of topping last week's 4.5% gain in the CSI 300 (.CSI300), the index's biggest weekly jump since November. Market participants are also scrutinizing the other side of the Sea of Japan for signs of life in the Chinese economy. Potentially market-moving U.S. indicators next week include manufacturing and services PMI. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Stephen Culp, Diane Craft Organizations: YORK, Japan's, CSI, Nikkei, Asia Pacific, Bank of Japan, Apple Inc, Western Digital Corp, Caterpillar Inc, Starbucks Corp, Qualcomm Inc, Marriott International, MGM Resorts International, Hotels, Resorts, PMI, Thomson, Reuters Locations: China, Japan, Beijing, United States, Australia, Korea

☆ Asia markets set to fall ahead of Bank of Japan rate decision
▼ + stars: | 2023-07-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty ImagesAsia-Pacific markets are set to fall ahead of the Bank of Japan's rate decision on Friday. Japan's central bank is expected to keep its benchmark policy rate unchanged at -0.1%, but investors will be keenly watching for any signs of a shift in stance towards its yield curve control policy. In Australia, futures for the S&P/ASX 200 were at 7,367, lower than the index's last close of 7,455.9, ahead of its producer price index figures for the second quarter. Futures for Hong Kong's Hang Seng index also point to a lower open for the index, standing at 19,347 compared to the HSI's last close of 19,639.11.

Persons: Kazuo Ueda, Richard A, Brooks Organizations: Japan, AFP, Getty, Bank of, Nikkei Locations: Tokyo, Asia, Pacific, Japan's, Chicago, Osaka, Australia

The lender upgraded its guidance for income growth in 2023 to a 12%-14% range from 10% previously. StanChart's robust results showed how global market conditions are playing to the emerging markets-focused lender's strengths. London-headquartered StanChart's transaction banking income shot up by 92% to $2.86 billion, with cash management income up 166%, benefiting from a favorable interest rate environment. That contrasted with the prolonged slump in income at more deal-focused U.S. and European rivals. Reporting by Selena Li and Lawrence White; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Winters, StanChart, Goldman Sachs, Selena Li, Lawrence White, Muralikumar Organizations: Standard Chartered PLC, Jefferies, Hong, Citigroup, Deutsche Bank, Thomson Locations: HONG KONG, Asia, Hong Kong, London

☆ Asian shares climb after Fed hikes as expected; eyes on Europe, Japan
▼ + stars: | 2023-07-27 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

S&P 500 futures rose 0.2% while Nasdaq futures gained 0.5%, helped by a 6.8% jump in Meta Platforms (META.O) in after-hours trading. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.2% amid hopes that U.S. tightening cycle could be over now. On Wednesday, the U.S. Federal Reserve delivered a quarter-point rate hike and kept the door open for more, as widely expected. The European Central Bank is widely expected to raise interest rates for the ninth time in a row on Thursday. Brent crude futures were up 0.9% at $83.69 per barrel and U.S. West Texas Intermediate crude futures rose 1% to $79.59.

Persons: HSI, Jerome Powell, Powell, Padhraic Garvey, Garvey, Stella Qiu, Muralikumar Organizations: SYDNEY, Nasdaq, Japan's Nikkei, U.S . Federal Reserve, ING, European Central Bank, Bank of Japan, U.S ., Treasury, Brent, . West Texas, Thomson Locations: Europe, Japan, Asia, Pacific, Americas

☆ Morning Bid: ECB to follow Fed hike, Meta surges
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +5 min

Fed Chair Jerome Powell remained equivocal about whether there was one more policy rate rise left this year and said Fed staff were no longer forecasting a recession - but futures markets continue to see a less than 50% chance of another move. Global stocks (.MIWD00000PUS) hit their highest since April last year on Thursday, with European stocks up more than 1% ahead of the ECB decision. The euro pushed higher against a softer dollar ahead of the announcement and press conference from ECB chief Christine Lagarde. The yen also firmed as the Bank of Japan is expected to keep its easy policy unchanged on Friday. The euro zone's biggest bank BNP Paribas (BNPP.PA), by contrast, beat Q2 estimates and the stock jumped 4%.

Persons: Mike Dolan, Meta, Jerome Powell, Dow Jones, Christine Lagarde, Willis Towers Watson, Giorgia Meloni, Joe Biden, Toby Chopra Organizations: Federal Reserve, European Central Bank, Fed, Treasury, Boeing, Dow, Wall, ECB, Bank of, Shell, Barclays, BNP, Central Bank, Intel, Ford, Boston Scientific, Myers Squibb, Honeywell, Xcel, Eastman Chemical, Pentair, Mastercard, P Global, Hershey, Digital Realty, Northrop Grumman, Weyerhaeuser, Cincinatti, Verisign, Comcast, Southwest Airlines, HCA, . Federal Reserve Board, Washington Reuters Graphics Reuters, Reuters, Exxon, Chevron, Thomson Locations: U.S, Bank of Japan, Asia, Hong Kong, China, Abbvie, Bristol, Edison, Kansas, Basel III, Washington

☆ Hedge funds rush to buy China stocks on economy stimulus prospects - Goldman
▼ + stars: | 2023-07-27 | by ( Summer Zhen | ) www.reuters.com time to read: +2 min

HONG KONG, July 27 (Reuters) - Global hedge funds snapped up Chinese equities following the politburo meeting this week, buying on Tuesday at their fastest pace since October 2022, Goldman Sachs said in report. Sectors including consumer discretionary, staples, financials, materials and industrials attracted the largest purchase by hedge funds tracked by Goldman Sachs. Chinese stocks rebounded this week as policymakers at the latest Politburo meeting clearly expressed support for capital markets and signalled the introduction of bigger easing measures to drive the economy. Goldman Sachs said hedge funds' exposure to Chinese equities remained at around the low levels last seen in November 2022 and well below five-year averages. Net foreign buying in mainland Chinese equities through the China-Hong Kong Stock Connect programme recorded 20 billion yuan so far this month, their best month since April, official data shows.

Persons: Goldman Sachs, Summer Zhen, Nell Mackenzie, Miral Organizations: Global, CSI, China - Hong Kong Stock Connect, Thomson Locations: HONG KONG, Hong Kong, U.S, China, China - Hong

☆ Morning Bid: Soft landing swings into view
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

After Wednesday's 25 basis point hike, markets seem to think so. Traders in Asia cheered a glimpse of the fabled soft landing with Jerome Powell saying the Fed no longer expects a U.S. recession. Stocks rose and the dollar fell across the board. The Bank of Japan is then up on Friday, with perhaps the most unpredictable central bank decision of the week. European futures rose 0.3% and U.S. futures also added 0.3%.

Persons: Brigid Riley, Jerome Powell, Christine Lagarde, Klass, HSI, Muralikumar Organizations: Traders, European Central Bank, Bank of Japan, Renault, Intel, Ford, MasterCard, Reuters Graphics Reuters, Thomson Locations: Asia, U.S, France, United States

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