Two of Asia's most semiconductor-heavy markets led the region higher on Wednesday, hours before Nvidia reports second-quarter results. Taiwan's Taiex rose 1.47…
Minamitorishima is about 1.51 square kilometres of flat Pacific land, roughly the size of Tokyo’s Imperial Palace grounds, some 1,950 kilometres southeast…
Nine of ten Asian indices fell on Wednesday ahead of a US inflation report due in the evening, and Taiwan’s Taiex rose 0.59 percent to 48,625.83, the day’s only gain. China’s September numbers ran hot, with factory-gate prices up 5 percent and exports up 36.3 percent, yet Shanghai lost 0.88 percent and Shenzhen 1.97. Seoul’s…
Seoul’s Kospi sank 5.46 percent on Tuesday, its worst day since mid-August, as reported progress by China’s memory chipmaker CXMT set off a selloff in the region’s semiconductor stocks. Tokyo returned from its holiday to a split verdict, the Nikkei 225 down 1.82 percent while the Topix edged higher, and Taipei’s Taiex lost 1.95 percent….
Japan’s producer price index rose 6.8 percent in September from a year earlier, slowing from 7.6 percent in August, according to preliminary figures the Bank of Japan released on 13 October. The index fell 0.3 percent from August, its second straight monthly decline, to 135.7 against a 2020 average of 100. Prices of agriculture, forestry…
Five of the eight Asian indices open on Monday closed lower, led by Seoul, where the Kospi plunged 3.65 percent in a fourth straight decline. Sydney’s S&P/ASX 200 rose 0.76 percent in the day’s strongest gain, Singapore and Hong Kong edged higher, and Tokyo’s equity markets sat the session out for the Sports Day holiday….
Japan’s Economy, Trade and Industry Minister Akazawa used the 17th International Energy Forum (IEF) ministerial meeting on 11 October to promote POWERR Asia, the 10 billion dollar framework Tokyo launched in April to finance crude purchases and build oil stockpiles across Asia. He spoke while Japan’s own reserves covered 206 days of domestic consumption at…
Spending by Japanese households of two or more people fell 3.1 percent in real terms in August from a year earlier to 310,975 yen a month, equivalent to 1,964 dollars, the Statistics Bureau of Japan said on 9 October. In nominal terms spending was 1.0 percent lower. On our count of the bureau’s monthly series…
Six of the eight Asian indices that traded on our panel closed higher on Friday, with Seoul and Taipei shut for public holidays. Hong Kong’s Hang Seng led the gainers, up 1.79 percent, and Mumbai’s Nifty 50 added 1.30 percent as Tata Consultancy Services opened the Indian IT earnings season. Tokyo’s Nikkei 225 slipped 0.02…
All ten Asian indices on our panel closed lower on Thursday, the first session with Shanghai and Shenzhen back from the National Day holiday. Singapore’s Straits Times fell 3.49 percent in the deepest decline, and Seoul’s Kospi lost 2.62 percent in a third straight fall. Shanghai returned 0.79 percent lower and Shenzhen 2.07 percent, measured…
Japan’s current account surplus widened to 4,062.0 billion yen in August, equivalent to 25.6 billion dollars, from 3,628.1 billion yen a year earlier, a rise of 433.9 billion yen, as income from investment abroad grew, the Ministry of Finance said on 8 October in its preliminary figures. The trade balance moved into a deficit of…
Japan’s reserve assets fell 29,128 million dollars to 1,178,396 million at the end of September, the Ministry of Finance said on 7 October, after a fall of 79,575 million in August. Over the 2 months the reserves have lost 108,703 million dollars, or 8.45 percent, on our calculation. No intervention in the latest window Gold…