Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk The market’s value orientation is a challenge without a clear growth catalyst. Yen appreciation is another risk. Positives include shareholder-friendly corporate behavior, solid company earnings and support from Bank of Japan stock buying. The dollar rose to 112.41 yen from 112.30 yen late Monday. After Mon.’s balance on […]

Singapore: STI Index (.STI) A key focus now: how firms are weathering trade disputes

Singapore: STI Index (.STI) A key focus now: how firms are weathering trade disputes

Singapore: STI Index (.STI) A key focus now: how firms are weathering trade disputes The Straits Times Index (STI) ended 6.85 points or 0.21% higher at 3239.64, taking the year-to-date performance to -4.80%. The top active stocks today were DBS, which gained 0.54%, Venture, which gained 3.53%, OCBC Bank, which declined 0.18%, UOB, which declined […]

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move The Aussie underperformed in the weeks of broad US dollar strength following the FOMC and ECB mid-June meetings but so far in July it has been near the middle of the G10 pack. Weighing on AUD have been a pullback in […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares are poised to open higher, bolstered by gains on Wall Street and in Europe. ASX futures up 18 points.. The Australian dollar slips. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.61% to 6,203.60 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower […]

Hong Kong: HANG SENG INDEX (.HSI) disruptions in global trade would pose risks

Hong Kong: HANG SENG INDEX (.HSI) disruptions in global trade would pose risks

Hong Kong: HANG SENG INDEX (.HSI) disruptions in global trade would pose risks The economic backdrop is encouraging, with near-term resilience in China and solid corporate earnings. We like selected Southeast Asian markets but recognize a worse-than-expected Chinese slowdown or disruptions in global trade would pose risks to the entire region. Stable fundamentals, cheapening valuations […]

EU and Japan Free Trade Deal

EU and Japan Free Trade Deal

The European Union’s top officials arrive in Japan Tuesday to sign the single market’s biggest trade deal ever and present a united front as Washington upends the international trade order. EU Council President Donald Tusk and Commission head Jean-Claude Juncker land in Japan after talks in Beijing, where they urged global trade cooperation and warned […]

Shanghai: SSE Composite Index (.SSEC) stocks fall on soft economy data

Shanghai: SSE Composite Index (.SSEC) stocks fall on soft economy data

Shanghai: SSE Composite Index (.SSEC) stocks fall on soft economy data Chinese mainland stocks started the week on a soft note, after data showed the country’s economy expanded at a slower pace in the second quarter, while the heated trade war with the US threatened to knock exports. The blue-chip CSI300 index dropped 0.59 percent […]

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction  The USD/JPY pair is having a difficult time setting its next short-term direction on Monday amid a subdued trading action surrounding the FX markets. After advancing to mid-112 during the first half of the day, the USD/JPY pair lacked a follow-through as this move […]

Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy

Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy

Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy Asian currencies were a mixed bag at the start of the new week, with KRW (-0.50%) leading the losses given a bleak economic outlook and risks from the global trade war underscored by officials. INR (-0.21%) was down due to the surge in its […]

Singapore: STI Index (.STI) higher in back-to-back trading days

Singapore: STI Index (.STI) higher in back-to-back trading days

Singapore: STI Index (.STI) higher in back-to-back trading days The Singapore stock market has moved higher in back-to-back trading days, gathering more than 40 points or 1.2 percent along the way. The Straits Times Index now rests just above the 3,260-point plateau and it’s expected to open in the green again on Monday. The global […]

Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges

Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges

Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges Australia stocks were lower after the close on Monday, as losses in the Gold, Healthcare and A-REITs sectors led shares lower. At the close in Sydney, the S&P/ASX 200 lost 0.45%. The best performers of the session on the S&P/ASX 200 were G8 Education Ltd […]

Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data

Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data

Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data Investors seek for clues from quarterly economic indicators of the initial economic impact from trade war and ongoing financial deleveraging In Hong Kong, the Hang Seng Index added 0.1 per cent, or 14.22 points, to 28,539.66. The Hang Seng China Enterprises Index, […]

Singapore: Heffx Issues a Buy Rating on STI Index (.STI)

Singapore: Heffx Issues a Buy Rating on STI Index (.STI)

Singapore: Heffx Issues a Buy Rating on STI Index (.STI) Singapore has moved up two spots to place fifth in this year’s Global Innovation Index, while remaining top of the list among countries in South-east Asia, East Asia and Oceania. Singapore remained top of the class for government effectiveness, regulatory quality and foreign direct investment […]

Shanghai: SSE Composite Index (.SSEC) China companies increase share buybacks

Shanghai: SSE Composite Index (.SSEC) China companies increase share buybacks

Shanghai: SSE Composite Index (.SSEC) China companies increase share buybacks A growing tidal wave of share buybacks, unrivaled in history, has hit the capital markets this year, while the latest escalation in a global trade storm sent China into bear market territory. A string of 84 listed companies at least, including blue chip companies and […]

Hong Kong: HANG SENG INDEX (.HSI) extending gains from the previous session

Hong Kong: HANG SENG INDEX (.HSI) extending gains from the previous session

Hong Kong: HANG SENG INDEX (.HSI) extending gains from the previous session Asian stocks closed higher on Friday session, extending gains from the previous session, following the overnight rebound on Wall Street as investors shifted focus to the upcoming corporate earnings season amid a lack of escalation in U.S. and China trade tensions. Moreover, Friday’s […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares were unchanged at the close of Friday’s session. The S&P/ASX 200 index, close the session at 6,268.400. In the banking space, ANZ Banking, Westpac, National Australia Bank and Commonwealth Bank are lower in a range of 04 percent to 0.5 percent. While, the best performers […]

Singapore Dollar: It’s Time to Own USD/SGD (SGD=X)

Singapore Dollar: It’s Time to Own USD/SGD (SGD=X)

Singapore Dollar: It’s Time to Own USD/SGD (SGD=X)  Yen, Swiss franc, Singapore dollar and the greenback top picks Emerging market FX seen struggling; Kiwi worst G10 performer If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, […]

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish The USD/JPY pair peaked at 112.79 at the end of the week, its highest since last January, before easing partially to end Friday at 112.32. Friday’s decline was moderated when compared to previous weekly gains, as the pair held firmly above the 112.00 figure. The positive […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares are set to open higher as a tech rally paced a rally on Wall Street. $A rebounds. All three US benchmarks were sharply higher in afternoon trade. Twenty five of the Dow’s 30 components were higher, paced by Microsoft, Cisco, Intel and Apple. Shares in Atlassian […]

Shanghai: SSE Composite Index (.SSEC) rebound from trade fears

Shanghai: SSE Composite Index (.SSEC) rebound from trade fears

Shanghai: SSE Composite Index (.SSEC) rebound from trade fears Global stock markets rose Thursday following Wall Street’s decline amid U.S.-Chinese trade tensions and oil prices recovered some of the previous day’s steep losses. In early trading, London’s FTSE 100 rose 0.4 percent to 7,625.79 and Germany’s DAX added 0.2 percent to 12,448.09. France’s CAC 40 […]

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300 The Aussie Dollar could slip back to the 0.7300 handle in the next weeks. Key Quotes 24-hour view: “While we expected a lower AUD yesterday, the rapid decline that took out the strong 0.7380 support was not exactly anticipated. The pressure is still clearly on the downside but […]

Singapore Dollar: USD/SGD (SGD=X) Highlights

Singapore Dollar: USD/SGD (SGD=X) Highlights

Singapore Dollar: USD/SGD (SGD=X) Highlights Asian currencies are seeing some weaknesses on Wednesday, led by CNH (-0.36%), KRW (-0.33%), CNY (-0.33%), THB (-0.29%), TWD (-0.22%), IDR (-0.15%), SGD (-0.13%), MYR (-0.12%), PHP (-0.08%). Markets started getting concerned about trade once again, as China is said to plan countermeasures to US’s proposed 2nd round tariffs. INR […]

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50 The pair trades in fresh 6-month tops around 112.50/60. The greenback remains bid although failed near 95.00. US 10-year yields stay sidelined around 2.86%/2.875. The selling pressure around the Japanese yen remains well and sound so far this week and has now lifted USD/JPY […]

Trade War Latest News

Trade War Latest News

Trade War Latest News The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests. “The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Trade worries between US and China fade, earnings the focus. PE Note: Some dips seen in the stock indices Thursday. Overall the indices look Bullish long term to me. DJIA 24700.45, -0.88% came off from the Psych mark at 25000, while 25000 holds, DIA could test 24500 before another run […]

China Officially says, “Keep calm, do not inflame trade row with US”

China Officially says, “Keep calm, do not inflame trade row with US”

China Officially says, “Keep calm, do not inflame trade row with US” $DIA, $SPY, $QQQ, $RUTX, $VXX China is not ‘happy’ about Washington’s hard line on trade, but has controlled coverage of the dust-up in its media, limiting open commentary and banning attacks on US President Donald Trump. Beijing has issued unusually strict rules limiting […]

Singapore: STI Index (.STI) now the most innovative country outside of Europe

Singapore: STI Index (.STI) now the most innovative country outside of Europe

Singapore: STI Index (.STI) now the most innovative country outside of Europe Singapore has moved up two notches to be the fifth most innovative country amongst 126 nations in the Global Innovation Index (GII) 2018 report. Retaining its top spot as the most innovative country in Asia, the Republic is ranked just behind European innovation […]

Australia: Will Rates Burst the Real Estate Bubble

Australia: Will Rates Burst the Real Estate Bubble

Australia: Will Rates Burst the Real Estate Bubble Banks in Australia are gearing up for slight increases in interest rates, but in an overly inflated market this may well mean disaster for many and a correction in prices across the country. The smaller lenders are already moving rates higher but so far the big 4 […]

Shanghai: SSE Composite Index (.SSEC) higher at close of trade; Shanghai Composite up 0.44%

Shanghai: SSE Composite Index (.SSEC) higher at close of trade; Shanghai Composite up 0.44%

Shanghai: SSE Composite Index (.SSEC) higher at close of trade; Shanghai Composite up 0.44% China stocks were higher after the close on Tuesday, as gains in the Travel & Leisure, Telecoms and Mobile sectors led shares higher. At the close in Shanghai, the Shanghai Composite added 0.44%, while the SZSE Component index added 0.49%. The […]

Singapore: STI Index (.STI) up 1.4% on Tuesday

Singapore: STI Index (.STI) up 1.4% on Tuesday

Singapore: STI Index (.STI) up 1.4% on Tuesday SINGAPORE shares closed higher on Tuesday, with the Straits Times Index (STI) up 1.4 per cent or 46.01 points to 3,274.83. About 2.4 billion shares worth S$1.45 billion in total changed hands as gainers outnumbered losers 271 to 131. The most actively traded stock was Ezion, which finished […]

Australia: S&P/ASX 200 (.AXJO) falls on financials

Australia: S&P/ASX 200 (.AXJO) falls on financials

Australia: S&P/ASX 200 (.AXJO) falls on financials The Australian sharemarket posted a modest decline on Tuesday despite an overnight advance in base metals prices helping lift the shares of heavyweight miners. The S&P/ASX 200 index fell 27.9 points, or 0.4 per cent, to 6258.1, falling on losses made by the big financial stocks. Macquarie announced […]

Singapore: USD/SGD (SGD=X) high-cost of living felt by them is all inside their ‘heads’

Singapore: USD/SGD (SGD=X) high-cost of living felt by them is all inside their ‘heads’

Singapore: USD/SGD (SGD=X) high-cost of living felt by them is all inside their ‘heads’  In Parliament today (10 Jul), Trade and Industry Minister Chan Chun Sing distributed charts to MPs in the House, showing that the overall inflation rate has been lower in the last 5 years from 2012 to 2017 compared to that of the previous […]

Hong Kong: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates

Hong Kong: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates

Hong Kong: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates Hong Kong shares ended Tuesday roughly flat on Tuesday, as China’s June inflation accelerated, showing little impact from the escalating trade frictions with the United States, which threaten to hurt Chinese exports and dampen business sentiment. The Hang Seng index was unchanged at […]

2018 China Internet Report

2018 China Internet Report

During the RISE international tech conference today, the 2018 China Internet Report [www.abacusnews.com/china-internet-report/] was released exclusively on Abacus, a new media platform from the South China Morning Post (SCMP). Covering twelve industries, this hundred-page report summarizes China’s dynamic internet industry for international readers. China’s internet is now ubiquitous across the country’s industries and population, and […]

China Wealth Forum 2018

China Wealth Forum 2018

China Wealth Forum, themed “Exploring New Models of Openness and Regulation”, was inaugurated at Crowne Plaza Qingdao Ocean Spring Resort. During the two-day event, participants discussed openness and innovation in the financial sector as well as financial regulations and financial services in the real economy, providing a diversified and open market of ideas for the […]

Trade War Latest Update

Trade War Latest Update

Trade War Latest Update China stays committed to continuously and proactively expanding opening up so as to better cope with unilateralism and protectionism, Premier Li Keqiang said here on Monday. Li, who is in Germany for a three-day official visit, made the remarks at an innovation-themed forum, which is also attended by his German counterpart, […]

Bursa Malaysia Bhd (BMYS:KL) Mahathir’s economic vision a hard sell for investors

Bursa Malaysia Bhd (BMYS:KL) Mahathir’s economic vision a hard sell for investors

Bursa Malaysia Bhd (BMYS:KL) Mahathir’s economic vision a hard sell for investors Malaysia’s stock market may be set to repeat the market sell-off in 2015 as trade friction between United States and China escalates, say analysts. They, however, kept optimistic year-end targets of above 1,700 points, meaning the fall which has begun since April this year is expected […]

Australia: S&P/ASX 200 (.AXJO) Hits New 10 Year Highs

Australia: S&P/ASX 200 (.AXJO) Hits New 10 Year Highs

Australia: S&P/ASX 200 (.AXJO) Hits New 10 Year Highs Australian stocks continued their march higher, hitting 10-year highs at the start of a new trading week. The ASX200 briefly broke through the key 6301 point level. At the close, the index was at 6,286.00, up 13.70 points or 0.22%. The market has gained almost 1.5% […]

Singapore Dollar: USD/SGD (SGD=X) Will be the Best Performers in a Recession

Singapore Dollar: USD/SGD (SGD=X) Will be the Best Performers in a Recession

Singapore Dollar: USD/SGD (SGD=X) Will be the Best Performers in a Recession Yen, francs, and Singapore dollars are the three currencies that Morgan Stanley believes will be the best performers in a recession… I guess Morgan Stanley believes in the so-called safe havens and then throws in Singapore dollars. TRADE WAR: There were few developments […]

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now

Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now Near-term dollar weakness is being confirmed by USD/CNH returning to a lower trading range. This dynamic is being supported by China equities which started the week on a positive note, partly on relief that Donald Trump didn’t further escalate the tit-for-tat with China. In the short-term, […]

Shanghai: SSE Composite Index (.SSEC) Rebound with Biggest Gains Since 2016

Shanghai: SSE Composite Index (.SSEC) Rebound with Biggest Gains Since 2016

Shanghai: SSE Composite Index (.SSEC) Rebound with Biggest Gains Since 2016 Chinese large cap stocks climbed the most in two years, bouncing back from a bruising run of losses in the lead up to the imposition of U.S. tariffs last Friday. The yuan also rose after retreating for four weeks straight. Market sentiment improved on […]

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last? Movements in the Aussie look set to be determined by sentiment and technicals given a quiet economic calendar. There’s few releases of note in Asia with German trade and current account figures, Eurozone investor sentiment and US consumer credit the only real highlights in the second half […]

Hong Kong: HANG SENG INDEX (.HSI) Stocks rally at open on Tuesday

Hong Kong: HANG SENG INDEX (.HSI) Stocks rally at open on Tuesday

Hong Kong: HANG SENG INDEX (.HSI) Stocks rally at open on Tuesday The Hang Seng Index climbed 1.03 per cent, or 290.54 points, to 28,606.16 on Monday. The benchmark Shanghai Composite Index added 0.19 per cent, or 5.22 points, to 2,752.45, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 0.30 […]

Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely

Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely

Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely 24-hour view: “USD traded sideways between 110.35 and 110.78 last Friday, slightly narrower than our expected 110.30/110.80 consolidation range. The outlook remains mixed and further sideway trading seems likely. That said, the underlying tone has weakened somewhat and this could lead to a lower trading range of 110.20/110.70”. […]

Boom Time in Singapore: Temasek Report Monster Portfolio

Boom Time in Singapore: Temasek Report Monster Portfolio

Boom Time in Singapore: Temasek Report Monster Portfolio Singapore state investor Temasek Holdings is likely to book a record S$300bn ($221bn) for the value of its portfolio, powered by gains in DBS Group and Chinese banks, while it steps up investment in tech startups. Temasek is a global investment company headquartered in Singapore. They are […]

James Packer Dodging Trouble with Mental Health Claim?

James Packer Dodging Trouble with Mental Health Claim?

James Packer Dodging Trouble with Mental Health Claim? Australian tycoon James Packer has quit his family firm Consolidated Press Holdings as he recovers from mental health issues, a spokesman said Monday, months after he stepped down from gaming empire Crown Resorts. Packer’s departure from his private investment vehicle is the latest step by one of […]

Travel Australia: Visit Cairns

Travel Australia: Visit Cairns

Travel Australia: Visit Cairns See the Great Barrier Reef No trip to Cairns is complete without visiting the Great Barrier Reef, the world’s largest coral reef system. It’s made up of 3000 coral reefs, 600 continental islands and 300 coral cays. Book a day cruise with operators such as  or  to snorkel and dive among vivid […]

Hong Kong: HANG SENG INDEX (.HSI) stumbled in June amid intensifying U.S.-China trade frictions

Hong Kong: HANG SENG INDEX (.HSI) stumbled in June amid intensifying U.S.-China trade frictions

Hong Kong: HANG SENG INDEX (.HSI) stumbled in June amid intensifying U.S.-China trade frictions Asian equity markets stumbled in June amid intensifying U.S.-China trade frictions, a development that’s also made the outlook for regional stocks less rosy than at the beginning of this year, according to strategists. Apart from the souring of risk appetite among […]

Australia: S&P/ASX 200 (.AXJO) advanced for the third time in ten sessions

Australia: S&P/ASX 200 (.AXJO) advanced for the third time in ten sessions

Australia: S&P/ASX 200 (.AXJO) advanced for the third time in ten sessions Australian shares advanced for the third time in ten sessions as modest gains by the finance sector beat out losses made in the material sector following an overnight base metal retreat. The S&P/ASX 200 index gained 32.1 points, or 0.91 percent to 6272.3, […]

North Korea Will Denuclearize

North Korea Will Denuclearize

South Korea on Sunday welcomed the outcome of the recent high-level dialogue between the United States and North Korea, saying it marked an important start of efforts to denuclearize the Korean Peninsula. “The North Korea-U.S. talks held in Pyongyang marked the first step in a journey toward denuclearization of the Korean Peninsula,” said Kim Eui-kyeom, […]

Bechtel Wins Western Sydney Airport

Bechtel Wins Western Sydney Airport

Bechtel, a global leader in project management, engineering, procurement and construction, has been selected by WSA Co as its Delivery Partner and Project Manager (Definition) for the Western Sydney Airport, a $5.3 billion greenfield facility in Badgerys Creek, New South Wales. This will be a landmark project for both New South Wales and Australia, and […]

Secretary of State Pompeo, “I slept fine”, his NKorean Counterparty Not so well

Secretary of State Pompeo, “I slept fine”, his NKorean Counterparty Not so well

Secretary of State Pompeo, “I slept fine”, his NKorean Counterparty Not So Well NKorea accused Washington of pressuring the country into abandoning its nukes. Secretary of State Pompeo wrapped up 2days of talks with senior NKorean officials without meeting NKoresn leader Kim Jong Un, but with commitments for new discussions on denuclearization and the repatriation […]

President Trump’s $500-B Trade Threat Hammering China Investors

President Trump’s $500-B Trade Threat Hammering China Investors

President Trump’s $500-B Trade Threat Hammering China Investors $DIA, $SPY, $QQQ, $RUTX, $VXX Now, with 6 months of wrangling over trade tariffs with the United States has wiped out 22% and counting of China’s stock market value and driven its currency down sharply. Those moves are just the beginning on what may be coming. Shanghai’s benchmark […]

Shanghai: SSE Composite Index (.SSEC) investors cautious as a first wave of tariffs looms

Shanghai: SSE Composite Index (.SSEC) investors cautious as a first wave of tariffs looms

Shanghai: SSE Composite Index (.SSEC) investors cautious as a first wave of tariffs looms Asian stocks deepened their losses on Thursday, with major markets finishing the session lower as investors remained cautious the day before tariffs from the U.S. and China are due to be implemented. On the mainland, losses on the Shanghai composite slid […]

Losses May Accelerate For Singapore STI Index (.STI) Stock Market

Losses May Accelerate For Singapore STI Index (.STI) Stock Market

Losses May Accelerate For Singapore STI Index (.STI) Stock Market Most Southeast Asian stock markets fell on Wednesday tracking Asian peers on caution ahead of the Friday deadline for further U.S. tariffs on China, with Philippine shares snapping a three-session gaining streak on profit-taking. The Philippine index fell 0.4 percent as investors booked profits in […]

USD/AUD (AUD=X) sits near the lower end of its daily trading range

USD/AUD (AUD=X) sits near the lower end of its daily trading range

USD/AUD (AUD=X) sits near the lower end of its daily trading range Dollar softer amid lingering trade war fears China central bank to keep yuan stable, helping cool-off market Canada dollar gains on manufacturing data, higher oil prices Mexico peso jumps on soothing words from president-elect U.S. holiday seen thinning trade Major currencies marked time […]

USD/CNY (CNY=X) Yuan steadies after Chinese central bank moves

USD/CNY (CNY=X) Yuan steadies after Chinese central bank moves

USD/CNY (CNY=X) Yuan steadies after Chinese central bank moves Today’s chart shows the USDCNY exchange rate against the monetary policy interest rate differential for China (People’s Bank of China) and the USA (US Federal Reserve). The key point with this chart is that policy rate differentials point to a weakening CNY relative to USD. Indeed, […]

Hong Kong: HANG SENG INDEX (.HSI) markets end mostly lower as China’s tech stocks slump

Hong Kong: HANG SENG INDEX (.HSI) markets end mostly lower as China’s tech stocks slump

Hong Kong: HANG SENG INDEX (.HSI) markets end mostly lower as China’s tech stocks slump Markets await U.S. trade tariff deadline this week Yuan likely to consolidate at current level – trader Stocks remain under pressure China’s yuan rose sharply against the dollar on Wednesday, a day after the central bank assured markets it would […]

SSE Composite Index (.SSEC) still under pressure

SSE Composite Index (.SSEC) still under pressure

SSE Composite Index (.SSEC) still under pressure China stocks were lower after the close on Wednesday, as losses in the Software & Computer Services, Retailers and Technology sectors led shares lower. At the close in Shanghai, the Shanghai Composite declined 0.94% to hit a new 52-week low, while the SZSE Component index lost 2.02%. The […]

USD/JPY (JPY=X) Trade worries dent stocks, yuan steadies

USD/JPY (JPY=X) Trade worries dent stocks, yuan steadies

USD/JPY (JPY=X) Trade worries dent stocks, yuan steadies USD/JPY is quiet during the North American holiday session. Some ECB members site the end of 2019 too late for a rate hike. USD/JPY is quiet during the North American holiday session, having entered the shift flat at 110.50, continuing the bullish reversal towards 110.60. However, there […]

Australia: S&P/ASX 200 (.AXJO) falls on financial heavyweights

Australia: S&P/ASX 200 (.AXJO) falls on financial heavyweights

Australia: S&P/ASX 200 (.AXJO) falls on financial heavyweights Weak commodity prices drag materials lower Platinum Investment top pct loser on trade war concerns Australian shares fell on Wednesday as financials reversed their gains from the previous session, while materials stocks continued their decline on weaker commodity prices. The S&P/ASX 200 index was down 0.4 percent, […]

Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic

Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic

Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic Beijing has ramped up efforts to curb panic selling after China’s stockmarket hit new two-year lows on growing concern about US trade tariffs, a slowing economy, a weaker currency and the risk of the country’s unregulated debt spiralling out of control. Policy changes […]

Hong Kong: HANG SENG MAINLAND PROPERTIES I (HSMPI:HK) concerns of Beijing’s fresh restrictions on property investment

Hong Kong: HANG SENG MAINLAND PROPERTIES I (HSMPI:HK) concerns of Beijing’s fresh restrictions on property investment

Hong Kong: HANG SENG MAINLAND PROPERTIES I (HSMPI:HK) concerns of Beijing’s fresh restrictions on property investment There have been concerns of Beijing’s fresh restrictions on property investment, which knocked down mainland developers listed in Hong Kong. Hang Seng index ends down 1.8 percent China Enterprises index HSCE falls 2.2 percent HSI financial sector sub-index 1.9 […]

Singapore: STI Index (.STI) shares open higher on Tuesday

Singapore: STI Index (.STI) shares open higher on Tuesday

Singapore: STI Index (.STI) shares open higher on Tuesday SINGAPORE stocks opened higher on Tuesday, with the Straits Times Index advancing 8.08 points, or 0.2 per cent to 3,247.02 as at 9.02am. This comes after US stocks overcame early declines to rise higher overnight, starting the year’s third quarter on a positive note, largely thanks to a […]

Hong Kong: HANG SENG CHINA ENTERPRISES IND (.HSCE) stocks fall to near 7-month low as yuan’s slide adds to China growth fears

Hong Kong: HANG SENG CHINA ENTERPRISES IND (.HSCE) stocks fall to near 7-month low as yuan’s slide adds to China growth fears

Hong Kong: HANG SENG CHINA ENTERPRISES IND (.HSCE) stocks fall to near 7-month low as yuan’s slide adds to China growth fears China Enterprises index HSCE rises 0.1 pct Hong Kong shares rose slightly on Tuesday, with sentiment aided by a private survey showing China’s services sector expanded at a steady pace in May. ** […]

USD/SGD (SGD=X) vulnerable to a correction towards 1.35

USD/SGD (SGD=X) vulnerable to a correction towards 1.35

USD/SGD (SGD=X) vulnerable to a correction towards 1.35 Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 1.35. The projected upper bound is: 1.38. The projected lower bound is: 1.35. The projected closing price is: 1.37. Candlesticks A white body occurred (because prices closed higher than they […]

Hong Kong: HANG SENG INDEX (.HSI) shares start July lower amid trade dispute

Hong Kong: HANG SENG INDEX (.HSI) shares start July lower amid trade dispute

Hong Kong: HANG SENG INDEX (.HSI) shares start July lower amid trade dispute Hang Seng index ends down 1.8 percent China Enterprises index HSCE falls 2.2 percent HSI financial sector sub-index 1.9 pct lower; property down 2.3 pct The Hang Seng index fell 1.8 percent, to 28,356.26, while the China Enterprises Index lost 2.2 percent, […]

Travel Warning: Indonesia is Anti-Gay

Travel Warning: Indonesia is Anti-Gay

Travel Warning: Indonesia is Anti-Gay Don’t be fooled in to thinking Bali is some special Buddhist Island, Bali is part of Indonesia and it is an increasingly dangerous place to be Gay. If you are Gay it is probably best to skip Bali, if you do not like a regime that deliberately oppresses Gay people, […]

USD/SGD (SGD=X) vulnerable to a correction towards 1.35

USD/SGD (SGD=X) vulnerable to a correction towards 1.35

USD/SGD (SGD=X) vulnerable to a correction towards 1.35 Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 1.35. The projected upper bound is: 1.38. The projected lower bound is: 1.36. The projected closing price is: 1.37. Candlesticks A big white candle occurred. This is generally considered bullish, […]

Shanghai: SSE Composite Index (.SSEC) composite index falls to lowest since March 2016

Shanghai: SSE Composite Index (.SSEC) composite index falls to lowest since March 2016

Shanghai: SSE Composite Index (.SSEC) composite index falls to lowest since March 2016 Asian stocks declined sharply in June amid higher global bond yields and mounting China-U.S. trade friction that threatened global economic growth. In the first half of 2018, the MSCI Asia-ex-Japan index fell 5.4 percent, marking its biggest drop in five years. The Asian […]

Singapore: STI Index (.STI) manufacturing expansion eases in June

Singapore: STI Index (.STI) manufacturing expansion eases in June

Singapore: STI Index (.STI) manufacturing expansion eases in June SINGAPORE’S manufacturing activity continued to expand in June but at a slowing pace, with the Purchasing Managers’ Index (PMI) down a marginal 0.2 point to 52.5. This was the third straight month of deceleration, although conditions remained expansionary for the 22nd straight month. The PMI is […]

Shanghai: SSE Composite Index (.SSEC) fears haunting China’s markets

Shanghai: SSE Composite Index (.SSEC) fears haunting China’s markets

Shanghai: SSE Composite Index (.SSEC) fears haunting China’s markets Fears about the stability of China’s economy in light of stock and currency fluctuations has prompted a Chinese government-backed think tank to warn of “potential financial panic”, according to a leaked document that began circulating late last week. In the document, the Beijing-based National Institution for […]

Thailand Has New Pioneering Rules Covering Cryptocurrencies

Thailand Has New Pioneering Rules Covering Cryptocurrencies

Thailand Has New Pioneering Rules Covering Cryptocurrencies $BTC, $ETH Thailand’s leadership, innovation and clear rules has it right in the middle of the Cryptocurrency market Regulators around the world have grappled with the issue of what category digital currencies and assets fall into, Thailand has skipped that debate. Instead, Thai authorities wrote a new law to cover […]

USD/JPY (JPY=X) share of reserves retreats from 15-year peak

USD/JPY (JPY=X) share of reserves retreats from 15-year peak

USD/JPY (JPY=X) share of reserves retreats from 15-year peak The U.S. dollar’s share of currency reserves reported to the International Monetary Fund fell in first quarter of 2018 to a fresh four-year low, while euro, yuan and sterling’s shares of reserves increased, according to the latest data from the International Monetary Fund. The share of […]

USD/SGD (SGD=X) now 4th most expensive city in the world for expats

USD/SGD (SGD=X) now 4th most expensive city in the world for expats

USD/SGD (SGD=X) now 4th most expensive city in the world for expats SINGAPORE is now the fourth most expensive city for expatriates, having moved up one spot from last year’s ranking, according to the latest Cost of Living Survey published by global HR consulting firm, Mercer. Hong Kong tops the table as the world’s costliest […]

USD/AUD (AUD=X) tied to Chinese data and risk sentiment

USD/AUD (AUD=X) tied to Chinese data and risk sentiment

USD/AUD (AUD=X) tied to Chinese data and risk sentiment Chinese manufacturing growth slowed, could hit the AUD. AUD/USD strong resistance at 0.7440, upward chances increase beyond it. The AUD/USD pair edged sharply higher on Friday and settled at 0.7407, anyway down weekly basis. The Aussie found support on a broadly weaker dollar, hit by profit-taking […]

Singapore: STI Index (.STI) Clash of the Trade Titans

Singapore: STI Index (.STI) Clash of the Trade Titans

Singapore: STI Index (.STI) Clash of the Trade Titans Japan’s Prime Minister Shinzo Abe on Sunday called for an early conclusion of a regional trade pact that ensures free and rules-based commerce in the face of an increasingly protectionist United States under President Donald Trump. At a meeting of the Regional Comprehensive Economic Partnership, or […]

Hong Kong: HANG SENG INDEX (.HSI) explores rule change to curb back-door listings

Hong Kong: HANG SENG INDEX (.HSI) explores rule change to curb back-door listings

Hong Kong: HANG SENG INDEX (.HSI) explores rule change to curb back-door listings Hong Kong Exchanges and Clearing on Friday proposed a number of new rules to crack down on back-door listings and related “shell companies”, including a ban that prohibits listed companies from selling major assets or shareholdings within three years after a change […]

China Already Feeling the Pain from President Trump on Trade

China Already Feeling the Pain from President Trump on Trade

China Already Feeling the Pain from President Trump on Trade China’s manufacturing activity decelerated in June as US-Chinese trade tensions added to concern the economy is cooling due to tighter government controls on lending, a survey showed Saturday. The National Statistics Bureau’s (NBS) purchasing managers’ index declined to 51.5 from May’s 51.9 on a 100-point […]

Belt & Road Global Forum

Belt & Road Global Forum

Belt & Road Global Forum The Belt and Road Global Forum held its inauguration ceremony and its first annual roundtable today at the Hong Kong Convention and Exhibition Centre (HKCEC). Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), officiated the ceremony and delivered the opening remarks. The Forum is an alliance […]

President Trump, “Remove your trade barriers or be met with more than Reciprocity by the USA”

President Trump, “Remove your trade barriers or be met with more than Reciprocity by the USA”

President Trump, “Remove your trade barriers or be met with more than Reciprocity by the USA” Sunday, US President Donald Trump warned other nations about their trade policies with the United States. The President’s statement comes days after he threatened to place a 20% tariff on all European automobiles entering the US and after Commerce […]

Trade Wars are not New

Trade Wars are not New

The snowballing trade war between the United States and the European Union is the latest in a string of global disputes over imports. Here is are some key international trade wars throughout history: – 2002, US steel tariffs on EU imports – Republican President George W. Bush imposes tariffs from 8 to 30 percent on […]

Cryptocurrencies: Japan ‘Clamps’ Down, Bitcoin ‘Falls’ Down

Cryptocurrencies: Japan ‘Clamps’ Down, Bitcoin ‘Falls’ Down

Cryptocurrencies: Japan ‘Clamps’ Down, Bitcoin ‘Falls’ Down $BTCUSD Bitcoin falls 8% after Japan watchdog orders exchanges to strengthen practices against money laundering The world’s largest digital currency hit a 4-month low of $6,092.38 and broke below $6,400 for the 1st time in a week. The order led bitFlyer, the largest crypto exchange in Japan to suspend […]

Trade Negotiations: Investors Agree, the US Will Win

Trade Negotiations: Investors Agree, the US Will Win

Trade Negotiations: Investors Agree, the US Will Win $DIA, $SPY, $QQQ, $RUTX, $N300, $VXX Trade disputes are good and easy to win. Chinese stocks weak American stocks stronger. That is the view from financial markets as the tariff dust-up between China and the US shows increasing signs of impacting stock prices. While broad measures of […]

DJ Tenashar on Drug Charges in Singapore

DJ Tenashar on Drug Charges in Singapore DJ Tenashar, 32, is in Singapore facing charges for two counts of drug consumption involving cocaine an psilocin, the latter being a substance found in most psychedelic mushrooms. News of her alleged drug-related offences first made the headlines in April 2016 when The New Paper reported that Long […]

Trade War Fears Dominate Asian Markets

Trade War Fears Dominate Asian Markets

Asian investors were on course to end a tumultuous week with more losses on Friday as the prospect of a debilitating global trade war hung over regional markets. As European Union tariffs on key US goods — including jeans, bourbon and motorcycles — came into effect, there were fears China and the US will carry […]

The Majority of Americans Approve of President Trump’s NKorea Effort

The Majority of Americans Approve of President Trump’s NKorea Effort

The Majority of Americans Approve of President Trump’s NKorea Effort The majority of Americans now approve of President Donald Trump’s handling of US relations with NKorea, a change that comes after his historic Summit with that country’s leader, Kim Jong Un. A new poll from The Associated Press-NORC Center for Public Affairs Research released Thursday […]

President Trump, “NKorea’s Denuclearization ‘Has Already Started'”

President Trump, “NKorea’s Denuclearization ‘Has Already Started

President Trump, “NKorea’s Denuclearization ‘Has Already Started’” Thursday, President Donald Trump said that NKorea was blowing up 4 of its big test sites and that a process of “total denuclearization … has already started taking place.” Speaking at a meeting of his Cabinet at the White House, President Trump said: “They have stopped the sending […]

North Korea China Talks

North Korea China Talks

China will link easing or removing sanctions on North Korea with progress in denuclearization, a Chinese government official said Wednesday, as the North’s leader Kim Jong-un made another visit to Beijing this week. In their talks Tuesday, Kim and President Xi Jinping focused on improving bilateral relations and ridding the Korean Peninsula of nuclear weapons, […]

China Investment in USA on Hold

China Investment in USA on Hold

The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world’s two largest economies. Chinese investments totaled $1.8 billion from January through May, representing a 92-percent drop against the same period a year ago. That’s the lowest level in […]

Noble Group Singapore on Path to Recovery

Noble Group Singapore on Path to Recovery

Noble Group Singapore on Path to Recovery Noble Group shares surged more than 50 percent Wednesday after the embattled commodities trader sealed a deal with a major investor, paving the way for a debt restructuring. The former stock market darling had been teetering on the brink of collapse after being hammered by plunging commodity prices, […]

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