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☆ Malaysia must avoid 'boom-bust' cycles to finally claim Asian Tiger status, central bank governor says
▼ + stars: | 2024-10-25 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +4 min

Abdul Rasheed Ghaffour, governor of Bank Negara Malaysia, during a news conference at Sasana Kijang Center, which houses Bank Negara Malaysia facilities, in Kuala Lumpur. Malaysia is working toward having the "the right ingredients" to finally claim "Asian Tiger" status, but must avoid the traps of widening inequality seen elsewhere. That's according to Abdul Rasheed Ghaffour, the governor of the central bank of Malaysia, who believes the southeast Asian country must avoid a "boom-bust cycle that has happened before." But it may be a case of better late than never, thanks to better-than-expected economic growth this year. Ghaffour said Malaysia is moving into producing logic chips — more advanced chips often know as the brains of electronic devices.

Persons: Abdul Rasheed Ghaffour, Ghaffour, Karen Tso, Donald Trump, Kamala Harris Organizations: Bank Negara Malaysia, Bank Negara, Washington , D.C, CNBC, Asian Tigers, Oxfam, Taiwan's, Budget, Accounting, Statistics, Tech, Intel, Economic, ASEAN, Republican, Democratic Locations: Bank, Bank Negara Malaysia, Kuala Lumpur, Malaysia, Hong Kong, Singapore, Taiwan, South Korea, Washington ,, Hong Kong's, Penang, European, U.S, Malaysian, Thailand, Indonesia .

☆ First-ever dinosaur fossils discovered in Hong Kong
▼ + stars: | 2024-10-24 | by ( Karina Tsui | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Dinosaur fossils have been discovered for the first time in Hong Kong, on a remote island in the financial capital’s countryside. Hong Kong’s Secretary of Development Bernadette Linn said that “the discovery is of great significance and provides new evidence for research on palaeoecology in Hong Kong,” the statement read. The dinosaur fossils will also be on public display at Hong Kong’s Heritage Discovery Centre from Friday onwards. Hong Kong's Antiquities and Monu/APExperts in paleontology say the landmark discovery is a big deal for Hong Kong, a city with a complex geological history and ever-changing weather patterns. The only “dinosaur-era things” Hong Kong has found so far are plants and fish, he said.

Persons: Bernadette Linn, ” Michael Pittman, Chinese University of Hong Kong, Pittman, ” Pittman Organizations: Hong Kong CNN, Hong Kong’s Agriculture, Fisheries, Conservation Department, Kong’s, Hong Kong’s, Hong Kong’s UNESCO Global, Hong Kong’s Heritage Discovery, Vertebrate Paleontology, Chinese Academy of Sciences, Kong's, AP, Chinese University of Hong, CNN Locations: Hong Kong, Port Island, Port, Hong Kong’s UNESCO, Hong Kong's Port Island, China, Yunnan, Jiangxi province, East Asia

☆ Asia markets open lower after major U.S. indexes slip; India prepares for Hyundai debut
▼ + stars: | 2024-10-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India's stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi's ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty ImagesAsia-Pacific markets slipped on Tuesday, trailing a mixed session on Wall Street. During the U.S. trading session, two Federal Reserve officials had spoken about the trajectory of interest rates. Dallas Federal Reserve President Lorie Logan said she supports the current move to lowering interest rates, but that a patient approach will be needed.

Persons: Narendra Modi's, Dhiraj Singh, Australia's, Kospi, Neel Kashkari, Lorie Logan Organizations: Bombay Stock Exchange, Bloomberg, Getty Images, Nikkei, Hyundai, Federal, Minneapolis, Dallas Federal Locations: Mumbai, India, Getty Images Asia, Pacific, South, Asia, Hyundai India

☆ Stocks making the biggest moves premarket: Boeing, Kenvue, Humana, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Humana , Cigna – Shares of both companies moved in opposite directions after Bloomberg, citing people familiar with the matter, reported that Cigna resumed merger talks with Humana. Humana gained more than 4% while Cigna fell a similar amount. UPS – Shares fell nearly 2% after a downgrade to underweight from equal weight at Barclays. Southwest Airlines – Shares dipped more than 1% before the market open. ASML – Shares fell more than 1% after Bernstein lowered its price target on the Dutch semiconductor equipment stock.

Persons: Johnson, Warby Parker, Goldman Sachs, Goldman, Cigna, Humana, Bernstein, —, Alex Harring, Samantha Subin, Jesse Pound, Hakyung Kim, Michelle Fox Theobald Organizations: Wall Street Journal, Johnson, Boeing, Bloomberg, Humana, –, Barclays, Amazon, Southwest Airlines, Elliott Investment Management, CNBC Locations: –

☆ China just triggered more stimulus measures, even as it says its economy is showing 'stable growth'
▼ + stars: | 2024-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The People's Bank of China triggered two market support programs after China announced economic data. China's economy grew 4.6% in the third quarter of this year, the country's statistics bureau announced as it touted a "stable growth trend." "The property market unsurprisingly remains the biggest drag on China's growth," wrote Song, adding that stabilization in the real estate market remains "elusive." China's economy is being dragged by factors including a property crisis, high youth unemployment, and deflation. He added that he expects Beijing to continue to do more to support growth so the economy can enter 2025 on better footing.

Persons: —, Sheng Laiyun, China's, Lynn Song, Betty Wang, Larry Hu, Rajiv Biswas, who's, Wang Organizations: People's Bank of China, Service, Reuters, Greater China, ING, Oxford Economics, People's Bank of, Macquarie Group Locations: China, Greater, People's Bank of China, Beijing

☆ Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs
▼ + stars: | 2024-10-15 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The port at Busan, South Korea, in 2020. South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond. Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 Nasdaq Composite reach new record highs. Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month. South Korea's Kospi opened 0.05% higher, while the small-cap Kosdaq was up 0.4%.

Persons: Australia's Organizations: Dow Jones Industrial, Nasdaq, Kospi, Nikkei Locations: Busan, South Korea, Japan, China, Persian Gulf, Asia, Pacific

☆ From solitary confinement in China to self-exile in Taiwan: Inside a Hong Kong bookshop owner's fight to keep the free press alive
▼ + stars: | 2024-10-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +11 min

AdvertisementThe acute lack of customers was somewhat surprising, given that Causeway Bay Books is pretty well-known. It all started in Hong KongFor 20 years, Lam founded and managed the original bookstore in Hong Kong — set up in and named after a vibrant district on Hong Kong Island. But the people who go to Causeway Bay Books — whose mainstays are books on politics and history — know what they are looking for. You shouldn't call it Hong Kong but Chinese Hong Kong," Lam said. Although he still misses Hong Kong from time to time, he says it's no longer the place he once knew.

Persons: kee, Lam, —, Hong Kong —, Kongers, Xi Jinping's, Ben Cheng, Huileng Tan, Hong Kongers, Taipei —, Wang, boisterously, Hong, China —, Hong Kong's, Zero, Peter Parks, Cheng, it's Organizations: Chinese Communist Party, Service, Taiwan Beer, Congressional, Commission, Taiwan, Fo Guang, New Taiwan, Hong Kongers, National Taiwan Normal University Locations: Lam, Hong Kong, Taipei, Taiwan, China, Beijing, Fo Guang University, Hong, America, AFP

☆ Xiaohongshu: How ‘China’s Instagram’ is transforming the travel industry
▼ + stars: | 2024-10-10 | by ( Chris Lau | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Tucked away in a residential neighborhood in the west of Hong Kong, the Kennedy Town Playground’s basketball courts aren’t particularly noteworthy. It’s because the courts, perched on the side of a hilly slope, offer great views of the Hong Kong skyline. Many of them are followers of Xiaohongshu (Little Red Book), China’s answer to Instagram, which has also become their travel bible. The 26-year-old relied solely on Xiaohongshu to navigate Hong Kong with his wife during their recent trip to the city. A woman takes pictures at an iconic Xiaohongshu spot in Hong Kong.

Persons: Hong Kong CNN —, sipping lattes, Xiaohongshu, Hong Kong's, Noemi Cassanelli, CNN Kennedy, Jiao Le, Cassanelli, ” Jiao Le, Jay Chou, ”, Tokyo's, Zhizhao Wu, Giovanni Mereghetti, Mao Zedong, Charlwin Mao, Miranda Qu, it’s, Qian Gua, “, Xia Jiale, Joel Placeres, “ Will, Placeres, Jiao, Hung Organizations: Hong Kong CNN, Kennedy Town, Hong Kong's Kennedy, CNN, CNN Reading, Getty, Kennedy, CNN Travel, Lobos, “ Lobos, Hong Locations: Hong Kong, China, Seoul, Beijing, Asia, Copenhagen, Tivoli, Norrebro, Central, New York, Japan, Kamakura, Tokyo, Denmark, Xiaohongshu, Kennedy Town, Communist China, Shanghai, Luoyang, Europe, London, Paris, Hong, Noemi

☆ Asia-Pacific markets gain ahead of U.S. inflation data; China stocks resume rally
▼ + stars: | 2024-10-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

A general view of the Shanghai Securities Exchange building is being shown in Shanghai, China, on July 16, 2024. Japan's Nikkei 225 gained 0.26% to end at 39,380.89, while the broad-based Topix rose 0.2% to close at 2,71267. Traders in Asia were assessing September data on producer prices in Japan which rose 2.8% from a year ago. Economists polled by Reuters had predicted the inflation rate would come in at 2.3%, down from 2.5% in August. The rally had been triggered by a blitz of government stimulus measures at the end of September.

Persons: Australia's, Korea's Kospi, Hong, Chetan Ahya, Morgan Stanley, Ahya Organizations: Shanghai Securities Exchange, Dow Jones, Nikkei, Traders, Reuters, Investors, Holdings, Alimentation, CSI, China's Finance, Asia Locations: Shanghai, China, SINGAPORE — Asia, Pacific, 2,71267, Asia, Japan, Beijing

☆ Is it time to invest in China? Two pros share their views
▼ + stars: | 2024-10-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

As investors consider whether — and how — to invest in China, two experts share their views on the market right now. "We believe the scale and focus of these measures, particularly the targeted liquidity injection, address the critical issue of insufficient domestic capital flows into China's stock market. 'China is no longer cheap' Lorraine Tan, director of Asia's equity research at Morningstar, is more cautious looking ahead. "At this point in time, China markets are no longer cheap. Stocks on her radar include "higher quality, moaty names," such as fast-food restaurant chain Yum China Holdings and property developer China Resources Land .

Persons: Jingwei Chen, —, Europe —, Chen, Lorraine Tan, Tan, Stocks, — CNBC's Lim Hui Jie Organizations: National, Reform Commission, CSI, Wall, Wrise Private Singapore, CNBC Pro, Companies, BYD, Tencent Holdings, Morningstar, China Holdings, China Resources Locations: China, Asia, East, Europe, Hong Kong

☆ European markets head for mixed open as positive sentiment wavers
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a flat to mixed open Wednesday as positive sentiment wavers in the region, spurred by market volatility in China. Regional markets traded and closed lower Tuesday, with all major bourses and the majority of sectors trading in the red during the day. On Tuesday, the HSI recorded its worst day in 16 years, closing 9.41% lower. U.S. stock futures hovered near the flatline Tuesday night after a winning session for the major averages. Wall Street is coming off a strong session for the major averages Tuesday as tech stocks outperformed, and oil prices eased off their highs.

Persons: HSI Organizations: Regional, CSI, NATO Locations: China, Asia, Pacific, Europe, Belgium

☆ The markets saw right through China's latest economic support hype
▼ + stars: | 2024-10-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stock markets slumped after a 10-day rally that was driven by Beijing's stimulus announcement in September. Retail investors dominate China's markets, influencing sentiment and market movements. AdvertisementChina's top leadership has a problem with its economic stimulus: its own investors at home saw right through the hype this week. China's domestic stock markets slumped on Wednesday after a 10-day blitz culminated in a two-year high. China's domestic stock markets are dominated by over 200 million mom-and-pop retail investors, who account for about 70% of the trading volume.

Persons: —, weren't, Jun Rong, that's, Vishnu, Li Qiang, Hele Qiao, Qiao Organizations: Investors, Service, People's Bank of China, Reform Commission, BofA Global Locations: Shanghai, Shenzhen, China, Hong Kong, Beijing, Asia, Japan, Xinhua, Greater China, China's

☆ China's stock markets reopen tomorrow after a weeklong break. Investors — and social media — are buzzing.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's stock investors and watchers are discussing the markets before they reopen. AdvertisementChina's investors are looking forward to some stock market action after the country's weeklong National Day break. AdvertisementChina's domestic stock markets are dominated by retail traders, who number over 200 million and account for about 70% of trading volume. Goldman Sachs, for one, has upgraded China's stocks to overweight and is forecasting another 15% to 20% upside to Chinese shares. China's stimulus measures include interest rate cuts and 800 billion yuan, or about $114 billion, to support the domestic stock markets.

Persons: —, Goldman Sachs Organizations: Service, Twitter, Weibo, Shanghai Stock Exchange Locations: China, Mainland, Beijing, Weibo, Hong Kong, Shanghai, Shenzhen

☆ China released a blitz of stimulus measures to boost its economy. Now begins the balancing game.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementVarious Chinese ministries and local governments are likely to roll out a variety of stimulus measures in the coming weeks — useful or not, they added. China still has a massive property problem that's unlikely to be solved with one set of stimulus measures. China's stock markets, which are dominated by retail investors fixated on social media, are blistering hot. China's stock markets are closed for weeklong National Day public holidays and are set to reopen on Tuesday. "Stimulus measures could add more fuel to the fire when stock markets are already heated.

Persons: —, it's, Nomura, Freya Beamish, Rory Green, Ben Harburg, Larry Hu, Hu, Magdalena Polan, Polan, China's Organizations: Service, Global Data.TS, —, MSA, Macquarie Group, CSI, Nomura Locations: China, Saudi Arabia, Beijing, Harburg

☆ Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
▼ + stars: | 2024-10-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: 1 min

The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesSINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge in the run up to September's U.S. payrolls report. Hong Kong's Hang Seng index futures were at 22,091, lower than the HSI's last close of 22,113.51. Markets in mainland China will reopen on Oct. 8. Chinese stocks had been on a tear after authorities announced a slew of support measures last week.

Persons: Akio Kon, Australia's Organizations: Bloomberg, Getty Images, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images SINGAPORE, Asia, Pacific, China

A Li L6 by Li Auto is displayed at its booth during the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. BEIJING — Chinese new energy vehicle brands Li Auto and Zeekr each delivered a record number of cars in September, according to company data released Tuesday. New energy vehicles include hybrids and those powered only by battery. Li Auto reported 53,709 deliveries in September, setting a record more than 5% above a prior high reached in July. Geely-owned electric car company Zeekr also delivered a record of 21,333 vehicles in September.

Persons: Li, Li Auto, Zeekr, Nio, Hong Kong's Organizations: Li, Beijing International Automotive, Auto, Li Auto, Huawei Locations: Beijing, China, BEIJING, Hong Kong

☆ Asia-Pacific markets fall as investors monitor Middle East tensions; Japan's Nikkei down 1.5%
▼ + stars: | 2024-10-01 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024. SINGAPORE — Asia-Pacific markets opened lower Wednesday morning, following a poor start to the trading month on Wall Street that saw major indexes fall amid rising Middle East tensions. Australia's S&P/ASX 200 opened down 0.2%, while Japan's Nikkei 225 started the trading day lower by 1.5%. Hong Kong's Hang Seng index futures were at 20,768, lower than the HSI's last close of 21,133.68. Markets in Mainland China were closed Wednesday and will remain closed for the rest of the week due to the Golden Week holiday.

Persons: Australia's, Korea's Kospi Organizations: MLB, Nikkei Locations: Seoul, South Korea, SINGAPORE — Asia, Pacific, China

☆ China's stimulus isn't enough for its economic woes. But its stock rally could help.
▼ + stars: | 2024-09-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's aggressive stimulus measures have sparked a significant stock market rally. Still, traders, investors, and speculators have sent China's stock market to its best month in nearly a decade, signaling that the market players think that Beijing's moves are a "bazooka." The People's Bank of China's stock market stimulus was unusual. An active stock market and improved investor confidence will improve expectations for economic development," the media outlet wrote. Mainland China's stock markets will also be closed from Tuesday to Monday.

Persons: —, Vishnu, Pan Gongsheng, Pan, Criss Wang, Data.TS, Varathan Organizations: Service, CSI, People's Bank, China Securities Journal, Chinese Communist Party, Hong Kong Stock Exchange Locations: China, Asia, Japan

☆ Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japan's August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% rise, and up from a revised 2.7% rise in July. Ishida had beaten Economic Security Minister Sanae Takaichi in the final round of the Liberal Democratic Party election on Friday, sending the yen into a volatile session. A higher interest rate typically strengthens the yen and puts pressure on Japanese stock markets, which are heavily weighted by exporters. Chinese rally puts pressureThe Nikkei's decline on Monday also comes at a time when China's markets have been surging. Stock Chart Icon Stock chart icon

Persons: Shigeru Ishiba, Ishida, Sanae Takaichi, Ryota Abe, Takaichi, Ishiba, Abe, Steven Glass, CNBC's Organizations: Economic, Liberal Democratic Party, Bank of Japan, Sumitomo Mitsui Banking Corporation, CNBC, Bank of, Pella Funds Management, CSI Locations: Tokyo, Japan, Pella, Hong

☆ Japan's Nikkei falls over 4%, Australia stocks hit fresh all-time high as investors await China data
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty ImagesJapan's Nikkei 225 tumbled over 4% Monday, while Australia stocks hit a fresh high ahead of key economic data from China. Stock Chart Icon Stock chart iconSeparately, China will release its official purchasing managers' index numbers for September, with economists polled by Reuters expecting the manufacturing PMI to come in at 49.5, a softer contraction compared to August's 49.1. The Caixin PMI survey, which is a private survey compiled by S&P Global, will also be released Monday. Australia's S&P/ASX 200 climbed 0.62%, breaching its all-time high of 8,246.2.

Persons: Richard A, Brooks, Topix, Australia's, Korea's Kospi Organizations: Tokyo Stock Exchange, Afp, Getty, Reuters, PMI, P Global Locations: Nihonbashi, Tokyo, Australia, China, Japan

☆ Hong Kong's New World Development shares surge 23% after CEO resigns
▼ + stars: | 2024-09-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.

Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia

☆ China's stock markets are partying like it's 2008, overwhelming systems
▼ + stars: | 2024-09-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stock markets surged this week, marking the best weekly performance since late 2008. AdvertisementChina's stock markets closed sharply higher Friday, notching their best week in 16 years as investors joined the rally party. The stock market party overwhelmed tech systemsThe stock market party got too hot to handle. AdvertisementFurthermore, the US Federal Reserve has started cutting interest rates, which has historically benefited Chinese markets, they added. So even if Beijing's stimulus isn't enough for China's economy, a liquidity or leverage-driven market rally could still be "very powerful," they wrote.

Persons: —, Vishnu Varathan, Hong, Hao Hong, Pan Gongsheng, Data.TS, Freya Beamish, Rory Green Organizations: Service, Grow Investment, Shanghai Stock Exchange, of America, Bank of America, US Federal Reserve, People's Bank of China Locations: China, Beijing, Asia, Japan, Shanghai, India

☆ Asia-Pacific markets mostly gain as China stimulus measures come into effect; Hong Kong set to rise 3%
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.

Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's

☆ CNBC Daily Open: More all-time highs? Yes please
▼ + stars: | 2024-09-27 | by ( Yeo Boon Ping | ) 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. Why are Treasury yields rising? Treasury yields tend to move in tandem with interest rates. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip.

Persons: Hong, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Sarah Friar, OpenAI's, Ishiba, Shigeru Ishiba, Sanae Takaichi Organizations: CNBC, Major, CSI, Treasury, U.S . Federal Reserve, Altman, PM, Liberal Democratic, Bank of, People's Bank of China, Barclays Locations: Major U.S, Asia, Pacific

☆ Markets across Asia rebound; Chinese markets set to extend gains
▼ + stars: | 2024-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Red flags fly at Tiananmen Square in Beijing, China, on Wednesday, July 10, 2024. Asia-Pacific markets rose on Thursday, with markets in the region rebounding and Chinese markets poised to extend gains. Mainland China's CSI 300 has notched a five-day winning streak, hitting its highest levels in almost two months after Beijing rolled out a slate of economic stimulus measures on Tuesday. Meanwhile, Hong Kong's Hang Seng index is set for a third straight day of gains, according to futures data.

Persons: Hong Organizations: China's CSI Locations: Beijing, China, Asia, Pacific

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