Australian dollar/US dollar spot exchange rate

Asia-Pacific markets are trading lower;  China keeps LPR stable

Asia-Pacific markets are trading lower; China keeps LPR stable

Oil prices fall as China faces Covid concerns, Goldman Sachs cuts forecast Oil prices fell nearly a dollar as China’s Covid concerns grew, with the country seeing the first virus-related deaths recorded since May this year. Brent futures lost less than a dollar, or 0.9%, to settle at $86.83 a barrel and United States West …

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Meituan, Tencent, APEC leaders meet, trade in Japan, unemployment in Australia

Meituan, Tencent, APEC leaders meet, trade in Japan, unemployment in Australia

NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …

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Hong Kong shares jump 2% in mixed Asian session, Softbank shares fall 11%

Hong Kong shares jump 2% in mixed Asian session, Softbank shares fall 11%

CNBC Pro: UBS says disinflation is on its way — and shares 8 global stocks to play it Swiss bank UBS has predicted “strong” disinflation in 2023. He said weak growth coupled with ‘mechanical’ indicators, such as easing supply chain bottlenecks and rising commodity inventories, would lead to lower prices next year. . The investment …

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Stocks fall after Fed announces further hikes to come

Stocks fall after Fed announces further hikes to come

Investors should remain wary of unverified ratings on China reopening: Credit Suisse Investors should “stay cautious” of unverified notes circulating on social media hinting at a possible reopening of China early next year, a Credit Suisse strategist has said. “I think, judging from different angles with a lot of news feeds – especially unverified ones, …

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Asia-Pacific markets trade mixed ahead of Fed rate decision

Asia-Pacific markets trade mixed ahead of Fed rate decision

Inflation in South Korea increases in October, more than estimates South Korea’s consumer price index rose 5.7% in October from the same period a year ago, above average estimates of 5.6% predicted by a Reuters poll. Data from Statistics Korea showed prices rose 0.3% from the previous month. Electricity prices, gas prices and industrial prices …

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Asian markets slide as investors assess inflation data;  150 level yen

Asian markets slide as investors assess inflation data; 150 level yen

First Trade: Where Asia-Pacific Markets Started the Day The Nikki 225 in Japan slid 0.24% in early trading and the Topix lost 0.33%. In Australia, the S&P/ASX 200 fell 0.68% in its second hour of trading. South Korea Kospi fell 0.23% and the Kosdaq lost 0.37%. MSCI’s broadest Asia-Pacific equity index was down 0.43%. —Abigail …

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Asia-Pacific markets mixed, Hong Kong property stocks shed earlier gains after John Lee speech

Asia-Pacific markets mixed, Hong Kong property stocks shed earlier gains after John Lee speech

Hong Kong Movers: Tech, EV, Macau Casino Stocks Fall; real estate stocks lose previous gains Shares of Hong Kong-listed tech companies and electric vehicle makers continued to trade lower amid Hong Kong leader John Lee’s policy speech, dragging the overall index lower alongside casino stocks from Macau. Xpeng Motors fell 8.24%, bilibili fell 4.2%, and …

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