Market summary : SZSE Composite Index declines by 1.30% on January 27
SZSE Composite Index closed at 1,911.0877 CNYD, down 1.30% on January 27, marking a year-to-date decline of 2.21%. The index posted a one-year growth of 17.52%.
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Asian markets : Japan Stock Indices See Mixed Performance, Japan 225 Drops 0.33%
Japan's major stock indices showed mixed responses today, with the Japan 225 Index declining by 0.33%, while the TOPIX Index remained flat at 2,741.29 JPY.
Malaysian Producer Price Index shows notable easing in August 2024
Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin highlighted that, despite the overall easing, most PPI sectors recorded increases in August, with the notable exception of the mining sector, which faced significant downturns.
Singapore’s STI slumps 1.4% amid speculation on federal reserve rate cuts
The STI, which tracks the performance of Singapore's top companies, closed sharply lower, driven by investor concerns over the implications of possible changes in U.S. monetary policy. The recent sell-off comes amidst growing discussions in financial circles about whether the Federal Reserve will implement rate cuts to address economic slowdowns and inflationary pressures in the United States.
Nikkei plunge sparks global market turmoil amid yen carry trade unwinding
Rumors of a hedge fund collapse in Japan and the Yen's sharp appreciation have added to the turmoil. The Yen's recent rally has raised concerns about the profitability of Japanese exporters, prompting foreign investors to sell off Japanese stocks.
Indonesia’s $1.5 million coconut export: Trade Minister Hasan highlights growth in global market
The export batch includes a range of coconut products such as coconut water, coconut milk, and desiccated coconut. Minister Hasan, addressing attendees in South Lampung District, emphasized Indonesia’s strategic advantage as a leading coconut producer. "As a major coconut-producing nation, we are well-positioned to supply markets that lack local production capabilities," Hasan stated.
Nikkei average experiences second-largest drop in history amid global economic concerns
The Nikkei's dramatic fall follows a significant decline in U.S. stock markets and a broader downturn in major European indexes. The negative sentiment has spread across global markets, affecting South Korea, Taiwan, and Australia as well.
Bank of Japan’s rate hike to impact millions of mortgages
BOJ Governor Kazuo Ueda highlighted that the economy has "recovered moderately" and emphasized the importance of transitioning towards normal monetary policies, the decision was influenced by sustained inflation exceeding the BOJ's 2% target and significant wage hikes following annual union negotiations.