Asian Market

The Japanese index unraveled due to the BoJ rate hike and Yen rebound, but stages a rebound helped by dovish comments from BoJ officials

A severe downturn hit U.S. tech megacaps on Monday, with Nvidia, Apple, and Amazon leading a $1 trillion loss in market capitalisation. Japan's Nikkei 225 suffered its worst drop since 1987, while Bitcoin declined by 11%. The yen's unexpected strength and recession fears contributed to market instability. However, Japanese markets rebounded strongly on Tuesday, recovering over 9%, supported by a recent Bank of Japan rate hike. Other Asia-Pacific markets also…

Global markets are volatile, with the Nasdaq and Nikkei experiencing significant drops. Weak U.S. jobs data and central bank policies are fueling recession fears. Safe-haven assets are rising, and analysts caution that while recent market corrections may offer opportunities, the situation remains uncertain.

The central bank of Japan took more decisive action towards tighter monetary setting, as it announced the second rate hike of this cycle and a plan to reduce asset purchases

The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses

The index loses around 10% from its record peak as prospects of further BoJ policy normalization mount and the Yen rebounds from its 38-year lows

China's economy grew at a slower-than-expected annual rate of 4.7% in the last quarter, falling short of the 5.3% growth seen in the first quarter. The National Bureau of Statistics noted that progress this year has been challenging due to weak global economic momentum, persistent inflation, geopolitical conflicts, and insufficient domestic demand. Despite these challenges, the economy achieved a 5% growth rate in the first half of the year, matching…

The BoJ has started normalizing its ultra-easy stance, but progress is slow, so the Yen continues to suffer and JPN225 extends it rally to new records

The Bank of Japan's latest move has left investors feeling perplexed. Despite hints at a shift in policy, the central bank's announcement lacked concrete details, leaving many questions unanswered.

HKG33 extends its losses and tests pivotal technical levels after today’s data showed that China deflationary risks have not gone away, amidst broader uneven recovery

The Japanese index tries to stop the pullback from its record peak, but the BoJ pivot from the ultra-loose setting could fuel further weakness