Japan’s Nikkei hits 3-week high, focus shifts to central bank policies
The Nikkei had experienced a significant 12.4% drop on August 5, 2024, the largest single-day decline since the 1987 Black Monday crash.
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U.S. stocks break 8-year winning streak; Taiwan market drops 100 points amid market uncertainty
The U.S. stock market's downturn marks the end of an era of sustained growth, fueled by a mix of robust corporate earnings, low-interest rates, and unprecedented fiscal stimulus.
Rupee gains marginally, rises 2 Paise to 83.95 against U.S. Dollar in early trade
The Indian currency has been hovering near the 84 per dollar mark, a level that analysts suggest could act as a psychological threshold in the near term.
Rupee stabilizes at 83.95 against U.S. Dollar in early trade amid ongoing global market uncertainity
Opening the day at the same level as its previous close, the rupee traded within a narrow band against the dollar.
Mastercard beats quarterly profit estimates on robust spending
Mastercard’s Q2 profit exceeded estimates, driven by strong consumer spending and a 17% increase in cross-border volume. The company’s shares rose nearly 3% in pre-market trading. Despite slowing growth in some rivals, Mastercard's robust performance highlights its strong market position.
Fed maintains interest rates, Korea cautious of potential market volatility
The Bank of Korea anticipates the Fed to hold the current interest rate, observing market sentiment, while South Korea's Finance Ministry remains vigilant for potential volatility.
Taiwan’s labour funds see year-to-date gains boosted by global market rallies
Taiwan's Bureau of Labor Funds reported a surge, attributing gains to global market rallies. Labour funds' cumulative gains reached NT$494.96 billion in Q1, with strong performances in overseas investments.
Gold’s resilience: Shining bright amid record highs as Asia faces election year
As record-high prices cast a shadow, gold stands resilient, retaining its allure as a beacon of stability amidst the approaching year of elections in Asia. The precious metal gleams undiminished, a symbol of enduring value in uncertain times.
Hong Kong’s economic challenges and sustainability concerns
Hong Kong faces economic challenges, including disrupted property markets, geopolitical tensions impacting trade, demographic shifts, and scepticism over infrastructure projects, prompting concerns about its economic sustainability.
Japanese Authorities Ready To Act As Yen’s Decline Sparks Concerns About Excessive Volatility
The country is prepared to take necessary measures to address excessive currency market fluctuations, according to the country's chief currency official. Kanda, voiced his apprehension about the swift depreciation of the yen against the U.S. dollar, emphasizing Japan's vigilance in the matter.