Sunday, July 13, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Asian Equities Led Higher by China on Policy Moves: Markets Wrap

by Index Investing News
November 14, 2022
in Finance
Reading Time: 4 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


(Bloomberg) — Asian equities advanced on Monday with a tailwind from the biggest weekly gain in US stocks since June and China’s policy shifts on Covid curbs and the property sector.

Most Read from Bloomberg

A gauge of the region’s shares headed for the highest in more than two months, led by an extended rally in Hong Kong and mainland China. Contracts for the S&P 500 and Nasdaq 100 declined as the dollar climbed.

Stocks in Japan were lower amid a slump of more than 10% in SoftBank Group Corp. after the company failed to announce a widely-expected stock buyback.

The rally in Chinese equities comes as an easing of quarantine rules intensified bets that Beijing was backing away from its stringent Covid Zero stance. Sweeping relaxation measures in property added to signs that President Xi Jinping had turned his attention to rescuing the economy, sending the shares and dollar bonds of developers higher.

“So much negative news flow has been now factored into price,” Catherine Yeung, an investment director at Fidelity International, said of Chinese stocks on Bloomberg Television. “It just feels that China is likely to have seen its worst.”

The dollar’s move Monday followed Federal Reserve Governor Christopher Waller saying that policy makers still had “a ways to go” before ending interest-rate hikes.

While Waller sees the hiking cycle continuing for some time, he said the Fed could start considering a downshift to a 50 basis-point move at the next meeting in December or the one after that.

A gauge of the greenback had slumped more than 1% on Friday and fell for a fourth straight week in its worst performance since 2020.

The greenback had been sliding amid signs of cooling in US inflation and the prospects of a dovish tilt by the Fed. The University of Michigan’s preliminary November survey on Friday showed US consumer inflation expectations increased in the short and long run while sentiment retreated.

Treasury yields rose across the curve in Asia after cash trading was closed for Veterans Day on Friday.

Cryptocurrencies remained under pressure amid FTX’s deepening woes. A swift plunge inthe value of FTX’s key crypto assets and unauthorized withdrawals of funds after it filed for bankruptcy suggest customers have little chance of recovering much of their deposits.

Investors will keep a wary eye on the Group of 20 summit in Indonesia, where US President Joe Biden and Chinese leader Xi are expected to meet. Biden’s hand has been strengthened by the Democrats defying political forecasts and historical trends to keep control of the Senate.

Oil advanced for a third session as investors weighed the outlook for Chinese demand as the market tightens heading into winter.

The positive sentiment from China also filtered through to Australian iron ore miners and steel companies as their shares surged. Gold declined on the stronger dollar.

Key events this week:

  • US President Joe Biden plans to meet Chinese President Xi Jinping on the sidelines of the G-20, Monday

  • Fed’s John Williams moderates panel, Monday

  • China retail sales, industrial production, surveyed jobless, Tuesday

  • Former US President Donald Trump plans to make an announcement, Tuesday

  • US empire manufacturing, PPI, Tuesday

  • US business inventories, cross-border investment, retail sales, industrial production, Wednesday

  • Fed’s John Williams, Lael Brainard and SEC Chair Gary Gensler speak, Wednesday

  • ECB President Christine Lagarde speaks, Wednesday

  • Eurozone CPI, Thursday

  • US housing starts, initial jobless claims, Thursday

  • Fed’s Neel Kashkari, Loretta Mester speak, Thursday

  • US Conference Board leading index, existing home sales, Friday

Some of the main moves in markets:

Stocks

  • S&P 500 futures fell 0.2% as of 11:59 a.m. Tokyo time. The S&P 500 rose 0.9%

  • Nasdaq 100 futures fell 0.4%. The Nasdaq 100 rose 1.8%

  • Japan’s Topix fell 0.7%

  • South Korea’s Kospi index rose 0.1%

  • Hong Kong’s Hang Seng Index rose 3.1%

  • China’s Shanghai Composite Index rose 0.6%

  • Australia’s S&P/ASX 200 rose 0.1%

Currencies

  • The Bloomberg Dollar Spot Index rose 0.2%

  • The euro fell 0.2% to $1.0328

  • The Japanese yen fell 0.2% to 139.13 per dollar

  • The offshore yuan rose 0.5% to 7.0596 per dollar

Cryptocurrencies

  • Bitcoin fell 1.1% to $16,182.68

  • Ether fell 1.9% to $1,193.7

Bonds

Commodities

  • West Texas Intermediate crude rose to $89.43 a barrel

  • Spot gold fell to $1,763.73 an ounce

Most Read from Bloomberg Businessweek

©2022 Bloomberg L.P.



Source link

Tags: AsianChinaEquitieshigherledMarketsMovesPolicyWrap
Previous Post

China plan to restore sector liquidity boosts property stocks By Reuters

Next Post

Plaid suspends FTX.US access to user data after ‘concerning’ reports By Cointelegraph

Related Posts

Texas Flood Debacle a Predictable Result of 98 Years of Government Flood “Control”

Texas Flood Debacle a Predictable Result of 98 Years of Government Flood “Control”

by Dale Steinreich
July 13, 2025
0

As of this writing, not less than 110 persons are lifeless with 161 lacking because of the July 4 catastrophic...

Coffee Prices Resume Weakness on Harvest Pressure Despite US Tariff Threats to Brazil

Coffee Prices Resume Weakness on Harvest Pressure Despite US Tariff Threats to Brazil

by Barchart
July 12, 2025
0

September arabica espresso (KCU25) on Friday closed down -1.30 (-0.45%), and September ICE robusta espresso (RMU25) closed down -104 (-3.13%).Espresso...

Stop Israel’s Dystopian “New Improved” Concentration Camp Plan—Before It’s Too Late

Stop Israel’s Dystopian “New Improved” Concentration Camp Plan—Before It’s Too Late

by Yves Smith
July 13, 2025
0

Yves right here. It’s unhappy to say that genocide fatigue has set in as outrage internationally has not moved the...

IIFL Home Finance gets 0 million from AIIB

IIFL Home Finance gets $100 million from AIIB

by Euro Times
July 12, 2025
0

IIFL House Finance, an organization targeted on the inexpensive housing phase, on Saturday stated it has secured a USD 100...

Bank of England will monitor cash acceptance on ongoing basis

Bank of England will monitor cash acceptance on ongoing basis

by Vicky Shaw
July 12, 2025
0

Signal as much as our free cash publication for funding evaluation and skilled recommendation that will help you construct wealthSignal...

Treasury posts unexpected surplus in June as tariff receipts surge

Treasury posts unexpected surplus in June as tariff receipts surge

by Jeff Cox
July 12, 2025
0

A view exhibits a bronze seal beside a door on the U.S. Treasury constructing in Washington, U.S., January 20, 2023. Kevin...

Next Post
Plaid suspends FTX.US access to user data after ‘concerning’ reports By Cointelegraph

Plaid suspends FTX.US access to user data after ‘concerning’ reports By Cointelegraph

GoFreight raises M to become the “Shopify of freight forwarding” • TechCrunch

GoFreight raises $28M to become the "Shopify of freight forwarding" • TechCrunch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

China’s Defense Ministry Accuses Japan of Creating Maritime, Air Security Risks

China’s Defense Ministry Accuses Japan of Creating Maritime, Air Security Risks

July 13, 2025
Government relaxes FGD mandate for thermal power plants, energy cost may come down by 25-30 paisa/kWh

Government relaxes FGD mandate for thermal power plants, energy cost may come down by 25-30 paisa/kWh

July 13, 2025
WATCH: 62-Year-Old Woman Charged for Driving Through Anti-ICE Protesters Who Were Surrounding and Pounding on Her Car in New Jersey | The Gateway Pundit

WATCH: 62-Year-Old Woman Charged for Driving Through Anti-ICE Protesters Who Were Surrounding and Pounding on Her Car in New Jersey | The Gateway Pundit

July 13, 2025
Amazon Prime Day 2025 Sale Goes Live: Best Offers on Smartphones, Electronics

Amazon Prime Day 2025 Sale Goes Live: Best Offers on Smartphones, Electronics

July 13, 2025
Meet the Frenchman who became Russian nobility – and the Russian exile who charmed de Gaulle — RT World News

Meet the Frenchman who became Russian nobility – and the Russian exile who charmed de Gaulle — RT World News

July 13, 2025
Binance Co-Founder To Sue Bloomberg Again? CZ Refutes Trump Stablecoin Claims

Binance Co-Founder To Sue Bloomberg Again? CZ Refutes Trump Stablecoin Claims

July 13, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

China’s Defense Ministry Accuses Japan of Creating Maritime, Air Security Risks

Government relaxes FGD mandate for thermal power plants, energy cost may come down by 25-30 paisa/kWh

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In