Seoul’s Kospi swung after South Korean President Yoon Suk Yeol was impeached at the weekend for this month’s short-lived martial law declaration (Handout) Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China’s economy, with the latest batch of weak data compounding the disappointment of Beijing’s latest stimulus pledges….
Things are looking up for commercial property investment markets in Asia. Following a sharp slowdown caused by an aggressive global monetary tightening campaign, transaction volumes have recovered significantly this year, rising 28 per cent in annualised terms in the first three quarters of 2024 among countries analysed by property services firm JLL. Last quarter, JLL…
China’s top lawmakers gather Monday to hash out a major stimulus package that analysts say could grow even bigger if former US president Donald Trump wins the White House this week. Beijing has in recent months heeded calls to step up support for the economy after years of inaction, announcing a raft of measures including…
(Bloomberg) — China’s manufacturing activity unexpectedly picked up last month despite a weeklong holiday, according to a private survey, a further sign of stabilization after Beijing unleashed a stimulus package to shore up the economy. Most Read from Bloomberg The Caixin manufacturing purchasing managers index rose to 50.3 last month from 49.3 in September, according…
Goldman Sachs upgraded its China growth forecast over the weekend, citing recent stimulus measures and new commentary from government officials that showed an openness to spend more aggressively to revive its economy. The bank raised its full-year China GDP forecast to 4.9% from 4.7% and also upped its 2025 growth prediction to 4.7% from 4.3%….
In recent weeks, expectations of China unleashing a major stimulus reached a crescendo as the top brass of China’s major economic ministries and commissions took turns appearing on stage in the State Council’s press conference hall. After an initial larger-than-expected monetary package unveiled in the last week of September, some market players voiced disappointment at…
BEIJING (AP) — The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo’an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for. Lan’s remarks left the door open for such a plan in the future but he…
China’s central bank on Thursday unveiled a new swap tool to enhance the liquidity of the stock market and “promote the healthy development of the capital markets”, with an initial size of 500 billion yuan (US$70.7 billion). The new Securities, Funds and Insurance companies Swap Facility would enable qualified securities, mutual funds and insurance companies…
Alexis Demarco / picture alliance via Getty Images Men at a silver mine in Bolivia earlier this year. Key Takeaways Mining company stocks sank Tuesday after China’s latest moves to boost its economy fell short of a hoped-for major stimulus package. The country’s economic planning agency maintained that China still expects to meet its annual…
The recent surge in Chinese stocks hit the pause button on Tuesday after Beijing failed to roll out another large stimulus package, a surprise to investors hoping to add more fuel to the unprecedented rally. Hong Kong’s benchmark Hang Seng Index (^HSI), which is loaded with large Chinese stocks, dropped around 9% on Tuesday, its…