Asian stock markets are mostly higher ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike. Shanghai declined while Tokyo and Hong Kong advanced. ( read original story ...)
Stock Market Live: Sensex, Nifty 50 expected to open higher, Asian indices in the green
Action lies in the Midcap index while the Nifty 50 consolidates The overall chart pattern of the Nifty 50 indicates a bounce from lower levels in the coming sessions, said Nagaraj Shetti of HDFC ... ( read original story ...)
China’s central bank cuts short-term borrowing cost for first time since Aug
China's central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world's ... ( read original story ...)
China central bank cuts reverse repo rate by 10 basis points
SHANGHAI/SINGAPORE, June 13 (Reuters) - China's central bank cut its seven-day reverse repo rate by 10 basis points to 1.90% from 2.00% on Tuesday, when it injected 2 billion yuan ($279.97 million) ... ( read original story ...)
Hong Kong’s role as China’s only global financial hub must be cherished and protected
In the Global Financial Centres Index, Shanghai is ahead of Sydney, Seoul, Tokyo, Frankfurt and Mumbai, but still below New York, London, Singapore and Hong Kong Economic and trade power is not enough ... ( read original story ...)
Asia markets mixed ahead of crunch central bank meetings
Asia-Pacific markets are set for a mixed open as investors return from a strong week and look forward to major central bank meetings scheduled ahead. The U.S. Federal Open Market Committee (FOMC) ... ( read original story ...)
China IPOs are uncoupling from Wall Street too
China’s primary capital market has never been strongly connected to local economic performance thanks to Beijing’s micromanagement of initial public offerings. Increasingly it is detaching from Wall ... ( read original story ...)