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☆ Asia-Pacific markets trade mixed as investors parse slew of Japanese data
▼ + stars: | 2024-05-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets traded mixed Wednesday. Japan's Nikkei 225 was trading about 0.5% lower in the first hour of trade, while the Kospi slid 0.35%. There was a marginal improvement in business sentiment, with the Reuters Tankan non-manufacturing index coming in at +26. Japan is slated to release its April trade data, as well as machinery orders for the month of March. Futures for Hong Kong's Hang Seng index stood at 19,212 pointing to a slightly weaker start compared with the HSI's close of 19,220.62.

Organizations: Nikkei, Reuters, Reserve Bank of New Zealand Locations: Asia, Pacific, Australia, Japan

☆ Japan stocks lead gains in Asia markets as renewed rate cut hopes lift sentiment
▼ + stars: | 2024-05-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Cherry trees in bloom near the Nippon Budokan in Tokyo, Japan, on Sunday, April 7, 2024. Bloomberg | Bloomberg | Getty ImagesJapan led gains in Asia-Pacific markets on Friday after stronger-than-expected, year-on-year consumer spending data, and as renewed rate cut hopes by the U.S. Federal Reserve bolster market sentiment. Japan's overall household spending in March fell 1.2% year on year, less than the 2.4% expected by a Reuters poll of economists. However, on a month-on-month basis, household spending rose 1.2%, compared with estimates of a 0.3% drop. Should the index reach the futures level, it would be its highest in about nine months.

Persons: Cherry, Kospi Organizations: Nippon Budokan, Bloomberg, Getty Images Japan, U.S . Federal Reserve, Nikkei Locations: Tokyo, Japan, Asia, Pacific

☆ Asia markets mixed ahead of China trade data and Japan pay figures
▼ + stars: | 2024-05-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Yaorusheng | Moment | Getty ImagesAsia-Pacific markets were mixed ahead of China's April trade data, as well as pay statistics from Japan. Economists polled by Reuters are expecting a 1.5% rise in China's exports, a reversal from the 7.5% fall in March. Imports are also expected to grow 4.8% year-on-year in April, compared with a 1.9% fall in March. Separately, investors will assess pay statistics from Japan as they look for any signs of the "virtuous cycle" of increasing wages and prices envisioned by the Bank of Japan. Futures for Hong Kong's Hang Seng index stood at 18,277, pointing to a weaker open compared to the HSI's close of 18,313.86.

Persons: Korea's Kospi Organizations: Reuters, Bank of Japan, Japan's Nikkei Locations: Shanghai, Asia, Pacific, Japan

☆ 4 flight attendants smuggled millions in drug money out of the US using the crewmember lane at JFK, prosecutors say
▼ + stars: | 2024-05-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Using this status, they could access a special security lane at John F. Kennedy International Airport without undergoing typical passenger screening procedures. Advertisement"Flight attendants are ideal for smuggling bulk cash" for this reason, a Homeland Security Investigations special agent wrote in the indictments. Related storiesThe pair believed the money was the proceeds of narcotics trafficking and needed to be transported, according to the indictment. AdvertisementHe said the investigation "exposed critical vulnerabilities in the airline security industry" and has "illuminated methods that narcotics traffickers are utilizing."

Persons: —, — Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, John F, Damian Williams, Hernandez, Pujols, Torres, Fabio, HSI, Ivan J, Arvelo Organizations: Service, Business, US, Office, of, Transportation Security Administration, Kennedy, Homeland Security Investigations, Pujols, Customs, Border, JFK, Delta Airlines, NBC News, Delta Locations: New York, Dominican Republic, Southern, of New York

DavidCallanAsia-Pacific markets are mixed on Wednesday, mirroring moves in Wall Street's Tuesday session. Investors in the region will parse through earnings reports including those of Japanese giants Toyota and Mitsubishi, as well as Singapore's UOB. Traders will also brace for key economic data out of China and Japan on Thursday, with China releasing its April trade data and Japan announcing its March pay statistics. Japan's Nikkei 225 slipped 0.33% on its open, while the broad based Topix was down 0.3%. South Korea's Kospi extended gains and rose 0.1% after leading Asian markets on Tuesday.

Persons: HSI Organizations: Toyota, Mitsubishi, Traders, Nikkei Locations: DavidCallan Asia, Pacific, Wall, China, Japan

☆ Asia markets extend gains on rate cut optimism; RBA decision in focus
▼ + stars: | 2024-05-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

In Asia, investors await the Reserve Bank of Australia decision on rates as the bank concludes its two-day monetary policy meeting. Economists polled by Reuters expect the RBA to hold its benchmark lending rate at 4.35% for its fourth meeting in a row. Australia's S&P/ASX 200 inched up 0.23% ahead of the decision, on course to gain for a fourth straight day. South Korea's Kospi popped 1.6% as trading resumed after a public holiday, while the small-cap Kosdaq rose 1.08%. Japan's Nikkei 225 also resumed trading after a holiday to rise 0.96%, while the broad-based Topix gained 0.61%.

Persons: Australia's Organizations: Opera, Vivid, Anadolu Agency, Getty, Federal, Reserve Bank of Australia, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific

☆ Asia markets extend gains ahead of business activity figures from around the region
▼ + stars: | 2024-04-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Nurphoto | Nurphoto | Getty ImagesAsia-Pacific markets extended gains from Monday as tech shares rebounded on Wall Street and investors look toward flash business activity figures from Australia, Japan and India. Figures from S&P Global show that Australia's composite purchasing managers index hit a two-year high, coming in at 53.6 against March's 53.3. Japan and India's PMI numbers will be released later Tuesday. Japan's Nikkei 225 popped 0.8% at the open, while the broad based Topix was up 0.66%. Futures for Hong Kong's Hang Seng index stood at 16,681, pointing to a weaker open compared to the HSI's close of 16,511.69.

Persons: Kospi Organizations: Nurphoto, Getty, March's, PMI, Nikkei Locations: Jama, New Delhi, India, Asia, Pacific, Australia, Japan

☆ Dept. of Homeland Security embraces AI and other federal agencies are likely to follow
▼ + stars: | 2024-04-17 | by ( Bob Violino | ) www.cnbc.com time to read: +3 min

Homeland Security Secretary Alejandro Mayorkas speaks during the third annual Axios What's Next Summit at the Planet Word Museum on March 19, 2024 in Washington, DC. When the White House issued an executive order last October to promote safe and responsible development and use of artificial intelligence in the federal government, one of the first agencies to say it was on board the AI train was the Department of Homeland Security. In one pilot, Homeland Security Investigations (HSI) will test AI to help in investigative processes focused on detecting fentanyl and combatting child exploitation. The unprecedented speed and potential of AI's development and adoption presents both opportunities and risks, according to Alejandro Mayorkas, Secretary of Homeland Security. What DHS learns from the pilot projects will be beneficial in shaping how it can effectively and responsibly use AI across homeland security moving forward, he said.

Persons: Alejandro Mayorkas, Biden, Mayorkas, — Organizations: Word, White House, Department of Homeland Security, Homeland Security Investigations, Federal Emergency Management Agency, FEMA, United, United States Citizenship, Immigration Services, Homeland Security, DHS, Mayorkas, Republican Locations: Washington ,, United States

☆ Asia markets extend declines amid Iran-Israel tensions; China economic data on deck
▼ + stars: | 2024-04-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A batch of cars are ready to be shipped to overseas markets at the port of Taicang, Jiangsu province, China, April 9, 2024. Future Publishing | Future Publishing | Getty ImagesAsia-Pacific markets extended their declines as the world awaits Israel's response to Iran's air assault over the weekend. On Tuesday, China's first-quarter gross domestic product numbers will be in focus, with the world's second-largest economy expected to grow 4.6% from a year ago. Futures for Hong Kong's Hang Seng index stood at 16,430, pointing to a weaker open compared to the HSI's close of 16,600. Japan's Nikkei 225 plunged 1.5% at the open, while the broad based Topix was down 1.04%.

Persons: China's, Kospi Organizations: Future Publishing, Getty, Nikkei Locations: Taicang, Jiangsu province, China, Asia, Pacific, Australia

☆ Asia markets climb as U.S. Treasury yields pressure Wall Street; data from Australia and Japan on deck
▼ + stars: | 2024-04-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

An aerial view of the central business district and Sydney Opera House on February 17, 2023. On Tuesday, investors in Asia will observe business confidence surveys from Australia and consumer confidence data from Japan. Asia-Pacific markets climbed even as U.S. Treasury yields put pressure on Wall Street equities Monday. Futures for Hong Kong's Hang Seng index stood at 16,831, pointing to a weaker open compared to the HSI's close of 16,732.85. Treasury yields rose, with the rate on the benchmark 10-year Treasury note up about 4 basis points to 4.42%.

Persons: CNBC's Hakyung Kim, Yun Li Organizations: Sydney Opera House, Treasury, Wall, Nikkei, Dow Jones, Nasdaq Locations: Asia, Australia, Japan, Pacific, U.S, . Federal

☆ Asia markets mixed with focus on South Korea inflation print, factory data from Australia and India
▼ + stars: | 2024-04-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A customer pays for his purchase at a dried food stall in Seoul, South Korea, on Thursday, March 3, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mixed Tuesday, as investors assessed economic data from South Korea and Australia. South Korea's March inflation rate held steady at 3.1%, in line with expectations from economists polled by Reuters. Factory activity data from India is also due later in the day, with economists polled by Reuters expecting a stronger PMI reading of 59.4. South Korea's Kospi was down 0.34% and the Kosdaq slid 1.11% after the inflation reading.

Persons: SeongJoon Cho, Kospi Organizations: Bloomberg, Getty Images Bloomberg, Getty, Reuters, Nikkei Locations: Seoul, South Korea, Asia, Pacific, Australia, India

☆ Diddy's lawyer issues statement after DHS raid maintaining the rapper's innocence
▼ + stars: | 2024-03-26 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Aaron Dyer, Combs' attorney, in a statement sent to Business Insider, maintained Combs' innocence and said the search conducted on his properties was "a gross overuse of military-level force as search warrants were executed at Mr. Combs' residences." This story is available exclusively to Business Insider subscribers. "Mr. Combs was never detained but spoke to and cooperated with authorities. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way." Mr. Combs is innocent and will continue to fight every single day to clear his name."

Persons: —, Sean, Diddy, Combs, Aaron Dyer, Mr, HSI, Cassandra, Cassie, Ventura Organizations: Service, Department of Homeland Security, Business, Associated Press, Los Angeles Times, Security Investigations, Ventura Locations: Los Angeles, Miami, New York, HSI Los, HSI Miami

☆ Sean ‘Diddy’ Combs is target of investigation carried out by Homeland Security team that specializes in human trafficking, source says
▼ + stars: | 2024-03-26 | by ( John Miller | Elizabeth Wolfe | Federal Authorities Swarmed Diddy S Homes | ) edition.cnn.com time to read: +5 min

CNN —Homes belonging to Sean “Diddy” Combs were searched by authorities Monday because he is a target of a federal investigation carried out by a Department of Homeland Security team that handles human trafficking crimes, according to a senior federal law enforcement official briefed on the investigation. Agents were authorized to search for documents, phones, computers and other electronic devices that hold data or videos, the second law enforcement source said. A law enforcement source earlier told CNN that Monday’s searches were related to an ongoing sex trafficking investigation. Law enforcement officers ride a vehicle near a property belonging to Sean "Diddy" Combs on Monday in Los Angeles. At least one armored law enforcement vehicle was seen arriving at the Los Angeles property, and agents were processing paperwork on card tables outside the Miami-area home.

Persons: Sean “ Diddy ” Combs, Combs, HSI, “, ” Combs, Sean, Diddy, Eric Thayer, Casandra “ Cassie ” Ventura, ” Ben Brafman, Mr, Ventura, ” Weeks, ”, videographer Rodney “, Rod ” Jones, Jones, Shawn Holley, Department of Homeland Security’s, –, CNN’s Josh Campbell, Holmes Lybrand, Elizabeth Wagmeister, Carlos Suarez Organizations: CNN, Homes, Department of Homeland Security, Southern, of, Miami, Star Island, Mobile, Star, Homeland Security, HSI –, Department of Homeland Locations: of New York, New York, Los Angeles, Miami, New York’s, Star

Federal agents from the Department of Homeland Security on Monday raided homes in the Los Angeles area and Miami that a person with knowledge of the case said were connected to Sean Combs, the hip-hop mogul who has been accused of sexual assault and sex trafficking in multiple civil lawsuits over the last several months. In a statement on Monday, in response to questions about news reports of a raid on Mr. Combs’s residences, Homeland Security Investigations said: “Earlier today, Homeland Security Investigations (HSI) New York executed law enforcement actions as part of an ongoing investigation, with assistance from HSI Los Angeles, HSI Miami and our local law enforcement partners. We will provide further information as it becomes available.”A spokesperson for Mr. Combs did not respond to a request for comment. The criminal inquiry was being conducted by federal prosecutors in the Southern District of New York and federal agents with Homeland Security Investigations, a law-enforcement official said. Video from Fox 11 (KTTV), a local television news station in Los Angeles, showed armed officers entering a home in the Holmby Hills area of the city, which the station said was connected to Mr. Combs’s company, Bad Boy Entertainment.

Persons: Sean Combs, HSI, Combs, Nicholas Biase Organizations: Department of Homeland Security, Homeland Security Investigations, of, Southern, Fox, Bad Boy Entertainment Locations: Los Angeles, Miami, New York, HSI Los, HSI Miami, Southern, of New York, Holmby

☆ Sean 'Diddy' Combs' Los Angeles and Miami mansions raided by federal officials: report
▼ + stars: | 2024-03-25 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Read previewFederal officials raided the Los Angeles and Miami homes belonging to Sean "Diddy" Combs, according to multiple reports. In a statement to CBS, Homeland Security Investigations confirmed that it had "executed law enforcement actions as part of an ongoing investigation, with assistance from HSI Los Angeles, HSI Miami, and our local law enforcement partners." This story is available exclusively to Business Insider subscribers. The DHS and representatives for Combs did not immediately respond to a request for comment sent by Business Insider. "Hopefully, this is the beginning of a process that will hold Mr. Combs responsible for his depraved conduct."

Persons: —, Sean, Diddy, Combs, HSI, Casandra, Cassie, Ventura Organizations: Service, CBS, Homeland Security Investigations, Business, DHS, Ventura Locations: Los Angeles, Miami, HSI Los, HSI Miami

☆ Feds raid Sean Combs properties in LA, Miami on search warrants out of New York: NBC News
▼ + stars: | 2024-03-25 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Federal agents on Monday raided homes owned by hip-hop mogul Sean Combs in Los Angeles and Miami, NBC News reported, citing sources. The Department of Homeland Security agents were authorized to search the properties by warrants issued in Manhattan federal court, months after a series of lawsuit accused Combs of serious sexual misconduct, law enforcement sources said. Benjamin Brafman, a New York attorney who has represented Combs, did not immediately respond to CNBC's request for comment. "We will always support law enforcement when it seeks to prosecute those that have violated the law," Wigdor said in a statement. Combs was sued in Manhattan federal court by Ventura, who is known as Cassie.

Persons: Sean Combs, Combs, Diddy, Jane, HSI, Benjamin Brafman, Douglas Wigdor, Casandra Ventura, Jane Doe, Wigdor, Rodney, Li Rod, Jones, Tyrone Blackburn, Ventura, Cassie, Cassie's, Liza Gardner, Joie Dickerson, Neal, Blackburn, Gardner, Dickerson Organizations: NBC News, Department of Homeland Security, NBC, Homeland Security Investigations, Security, Combs, Bad Boy Records Locations: Los Angeles, Miami, Manhattan, New York, HSI Los, HSI Miami

☆ Asia markets poised for mixed open as investors await inflation data from the region this week
▼ + stars: | 2024-03-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Roslan Rahman | AFP | Getty ImagesAsia-Pacific markets were set to open mixed as investors await a slew of inflation reports from the region. Singapore and Malaysia will release their February inflation reports on Monday, while Australia's inflation numbers will be out on Wednesday. Tokyo's inflation numbers are due Friday. The capital's inflation numbers are widely seen as a leading indicator of nationwide trends. Futures for Hong Kong's Hang Seng index stood at 16,515, pointing to a slightly stronger open compared with the HSI's last close of 16,499.47.

Persons: Roslan Rahman Organizations: AFP, Getty, Nikkei Locations: Sands, Singapore, Asia, Pacific, Malaysia, Australia, Chicago, Osaka

☆ Asia markets set to fall after hot U.S. inflation report; first estimates from Japan's wage negotiations expected
▼ + stars: | 2024-03-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty ImagesAsia-Pacific markets were set to fall after producer prices in the U.S. grew faster than expected in February, coming in at 0.6% last month. Excluding food and energy prices, core PPI climbed 0.3% in February. Economists polled by Dow Jones had expected a 0.3% gain for headline PPI and a 0.2% increase for the core reading. Investors in Asia will be watching out for any news from Japan's spring wage negotiations, with first estimates expected to come out later in the day.

Persons: Jiang Qiming, Dow Jones Organizations: People's Bank of China, China News Service, Getty Images China, Service, Getty, PPI, Nikkei, People's Bank of Locations: Beijing, China, Asia, Pacific, U.S, Chicago, Osaka, People's Bank of China, Australia

☆ Asia markets set for mixed open as Wall Street rally falters; India wholesale inflation on deck
▼ + stars: | 2024-03-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty ImagesAsia-Pacific markets are set for a mixed open after Wall Street's tech-fueled rally dissipated, with Nvidia falling 1.1%, Meta slipping 0.8% and Apple dropping 1.2%. On Thursday, investors will assess India's wholesale inflation, while also monitoring any news coming out of Japan's spring wage negotiations. Japan's wage negotiations wrapped up on Wednesday, with the first overall estimate due out on Friday. Japan's Nikkei 225 is set to fall following these reports as markets price in the possibility of the BOJ tightening policy.

Persons: Pratik Organizations: Hindustan Times, Getty, Nvidia, Apple, Bank of Japan, Japan's Nikkei Locations: Mumbai, India, Asia, Pacific, Chicago, Osaka, Australia

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ Asia markets poised to fall after Wall Street rally pauses; China exits deflation territory as prices rise
▼ + stars: | 2024-03-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were set to fall Monday after Wall Street's rally took a breather, with artificial intelligence darling Nvidia finishing down more than 5% in its worst session since late May. Separately, China recorded its first month of inflation in four months with the country's consumer price index climbing 0.7% year on year in February. In Australia, the S&P/ASX 200 started the week down 1.21%, retreating from its all-time high and snapping a three-day winning streak. Japan's Nikkei 225 is also set to fall, with the index likely slipping below the 39,000 mark for the first time since Feb. 21.

Persons: Wall Organizations: Bloomberg, Getty, CPI, Reuters, Nikkei Locations: Shanghai, China, Asia, Pacific, Australia, Chicago, Osaka

☆ Asia markets poised to rise after Wall Street rebound; trade data from Australia and China awaited
▼ + stars: | 2024-03-07 | 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. Anadolu Agency | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to rise as investors await trade data from Australia and China on Thursday. This also follows comments from U.S. Federal Reserve chair Jerome Powell, who reiterated his stance that while the central bank could start cutting rates, it is "not immediately ready." In Australia, the S&P/ASX 200 rose 0.14%, nearing its all time high of 7,745.6 hit on March 1. Futures for Hong Kong's Hang Seng index stood at 16,565, higher than the HSI's close of 16,438.09 and on pace to extend gains on Wednesday after it rose almost 2%.

Persons: Jerome Powell Organizations: Opera, Vivid, Anadolu Agency, Getty, U.S . Federal, Japan's Nikkei Locations: Sydney, Australia, Asia, Pacific, China, U.S, Chicago, Osaka

☆ Asia markets set to bounce ahead of China manufacturing data
▼ + stars: | 2024-03-01 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

(Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesAsia-Pacific markets were set to bounce Friday after a subdued session as investors awaited manufacturing data from China. While most Asia stock markets were lower on Thursday, China's CSI 300 closed almost 2% higher at 3,516.08 ahead of its purchasing managers' index reading for February. Official data is expected to show manufacturing PMI at 49.1, according to a Reuters Poll forecast. The private Caixin manufacturing final PMI is expected to come in at 50.6. A PMI reading above 50 indicates expansion, while below that denotes a contraction.

Persons: Vernon Yuen Organizations: Getty, Nurphoto, China's CSI, PMI, Nikkei Locations: Hong Kong, China, Asia, Pacific, China's, Chicago, Osaka, Australia, Korea

☆ Asia markets poised to fall as investors await key U.S., China economic data
▼ + stars: | 2024-02-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

An investor watching share prices at the securities trading floor of Asia Commercial Bank in Hanoi, Vietnam. Asia-Pacific stocks were set to decline Thursday as investors awaited U.S. personal consumption expenditures price index data for clues on the Federal Reserve's interest rate cut path. The U.S. personal consumption expenditures price index — the Federal Reserve's preferred inflation gauge — is due later in the day, while China's manufacturing purchasing managers' index reading is scheduled to be released Friday. Futures for Hong Kong's Hang Seng index stood at 16,564, pointing to a marginally higher open compared to the HSI's close of 16,536.85 . The combined entity was valued at roughly $8.5 billion on a post-money basis, excluding synergies.

Persons: Walt Disney Organizations: Asia Commercial Bank, Reliance Locations: Asia, Hanoi , Vietnam, Pacific, Hong Kong

☆ Asia-Pacific markets, Korea rate decision, Australia and Japan PMI
▼ + stars: | 2024-02-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets appeared set to trade mixed Thursday, with a slew of economic data from the region on tap, while investors also assess the U.S. Federal Reserve possibly delaying interest rate cuts. In Australia, the S&P/ASX 200 opened marginally higher, up 0.03%, as the nation's Judo Bank composite purchasing managers' index for February showed a return to growth, at 51.8. The monthly index is a leading indicator for business activity in Australia's manufacturing sector. Futures for Hong Kong's Hang Seng index stood at 16,447, pointing to a weaker start compared with the HSI's close of 16,503.1Japan's Nikkei 225 was set to rise as investors awaited the release of Japan's Jibun Bank flash purchasing managers' index. Nikkei futures contract in Chicago was at 38,745 and its counterpart in Osaka was at 38,410 against the index's last close of 38,262.16The Bank of Korea is slated to announce its interest rate decision later, with economists polled by Reuters expecting the bank to hold rates at 3.50%.

Organizations: U.S . Federal, nation's Judo Bank, Futures, Nikkei, Japan's, of, Reuters Locations: Asia, Pacific, Australia, Chicago, Osaka, of Korea

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