Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall by 1% to 3% next year. “We expect prices …
China’s exports and imports fall more than expected China’s dollar-denominated exports fell 8.7% in November on an annualized basis, down more than expected from a 3.5% drop, analysts said in a Reuters poll. U.S. dollar imports also fell 10.6% for the month from a year ago, beating the drop of 6% expected in a separate …
China expects further drop in exports and imports China’s trade data for November is expected to show a further decline in both exports and imports, according to a Reuters poll of economists. Exports are expected to fall 3.5% in November on an annualized basis after falling 0.3% in October, and imports are expected to fall …
Asian markets trade mixed amid recession fears; China to release trade data Read More »
Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …
Hong Kong shares jump 3% as China relaxes some virus rules Read More »
Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …
Asia-Pacific markets fall as investors seek clarification on China’s Covid rule changes Read More »
Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …
Asia-Pacific markets fall as investors seek clarification on China’s Covid rule changes Read More »
Bitcoin Briefly Crosses $17,000 at Highest Levels Since Mid-November Bitcoin price briefly rose above $17,000 during the morning session in Asia for the first time since mid-November. Bitcoin was up 2.2% over the previous 24 hours, according to Coin Metrics and last traded at $16,863.07 per coin. Ether has also risen and is up 4.74% …
Chinese factory activity at lowest since April; Asian markets are largely on the rise Read More »
Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …
Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed Read More »
Currency control: Asa-Pacific currencies strengthen strongly, driven by the Chinese yuan The onshore and offshore Chinese yuan strengthened against the dollar in the Asian session ahead of a news conference on Covid measures. The greenback lost 1.09% against the offshore yuan and 0.65% against the land yuan, both trading around the 7.16 levels. The offshore …
Hong Kong shares jump 4% ahead of Chinese Covid briefing Read More »
Chinese clues appear ahead of Covid briefing Indices in China jumped more than 2% as investors closely watched developments in the national zero-Covid policy after posting losses in the previous session. The Chinese CSI 300 index rose 2.97% during the morning session, while the Shanghai composite climbed 2.2%. The Shenzhen Component The index gained 2.172%. …
