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Australia, South Korea stocks dip
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Australia, South Korea stocks dip

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific shares slipped on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 opened slightly higher but gave...

Fed hike, Bank of Japan, interest rates, currencies
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Fed hike, Bank of Japan, interest rates, currencies

Fed hike likely to keep Asian risk assets under pressure, JPMorgan says Asian risk assets, especially export-oriented companies, will remain under pressure in the short term following the Fed’s rate hike, according to Tai Hui, chief APAC market strategist at JPMorgan Asset Management. Tai added that a strong U.S. dollar is likely to persist, but...

Fed interest rates, Wall Street, currencies, yields
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Fed interest rates, Wall Street, currencies, yields

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images Futures in the Asia-Pacific are set to open lower Wednesday, following Wall Street’s negative lead as investors await the Federal Reserve’s interest rate decision. The Nikkei futures contract...

Japan CPI inflation, China loan prime rate, currencies
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Japan CPI inflation, China loan prime rate, currencies

Tech, casino stocks in Hong Kong buoy broader index Australia’s central bank says the argument for slower rate hikes strengthening The Reserve Bank of Australia (RBA)’s board members “saw the case for a slower pace of increase in interest rates as becoming stronger,” according to minutes from its Sept. 6 meeting, where it raised its...

PM Modi attends SCO summit; set to meet Russia, Uzbek presidents separately
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PM Modi attends SCO summit; set to meet Russia, Uzbek presidents separately

Prime Minister Narendra Modi on Friday attended the annual summit of the Shanghai Cooperation Organisation along with Russian President Vladimir Putin, Chinese President Xi Jinping and leaders of the other member states of the influential grouping. It is for the first time that Xi and Modi came face-to-face since the border standoff...

Stocks fall, Chinese yuan crosses 7 level
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Stocks fall, Chinese yuan crosses 7 level

Pedestrians cross a road in front of an electronic quotation board displaying the numbers of company stock prices on the Tokyo Stock Exchange in Tokyo on May 13, 2021. KAZUHIRO NOGI | AFP via Getty Images Shares in the Asia-Pacific fell Friday as investors digest U.S. economic data and look ahead to the release of...

Asia markets mixed, Shenzhen stocks fall, China keeps MLF steady
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Asia markets mixed, Shenzhen stocks fall, China keeps MLF steady

Chinese yuan could weaken past 7 against the dollar by year-end, says Credit Suisse The Chinese yuan could weaken to 7.05 against the U.S. dollar by year-end, said Max Lin, Asia FX and rates strategist at Credit Suisse. The 7 level is “not really a red line” for the country’s central bank anymore, he said,...

Under COVID lockdown, Xinjiang residents complain of hunger
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Under COVID lockdown, Xinjiang residents complain of hunger

BEIJING — Residents of a city in China’s far west Xinjiang region say they are experiencing hunger, forced quarantines and dwindling supplies of medicine and daily necessities after more than 40 days in a virus lockdown. Hundreds of posts from Ghulja riveted users of Chinese social media last week, with residents sharing videos of empty...