Asia markets trading higher as China stimulus plans boost sentiment; Aussie rate decision in focus

Asia markets trading higher as China stimulus plans boost sentiment; Aussie rate decision in focus

Statues of bulls in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Oct. 21, 2024.  Qilai Shen | Bloomberg | Getty Images Asia-Pacific markets are trading mostly higher Tuesday, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead of key inflation data. Traders in Asia assessed Beijing’s announcement…

Read More
Australia’s third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation

Australia’s third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. James D. Morgan | Getty Images News | Getty Images Australia’s economy grew at a slower-than-expected pace in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh…

Read More
South Korea stocks lead declines in Asia as its industrial production contracts in October; China up 2%

South Korea stocks lead declines in Asia as its industrial production contracts in October; China up 2%

People crossing street in Tokyo’s busy Akihabara downtown area Leopatrizi | Istock | Getty Images Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks after its industrial production declined for a second straight month in October. South Korea’s industrial production growth fell 0.3% last month compared to September, which also…

Read More
Asia-Pacific markets mixed as investors assess China industrial profits, Australia inflation data

Asia-Pacific markets mixed as investors assess China industrial profits, Australia inflation data

Employees work on the assembly line of an intelligent factory of SERES Automobile Co., Ltd in Chongqing, China on July 19, 2022.  Vcg | Visual China Group | Getty Images Asia-Pacific markets were mixed Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. China’s industrial…

Read More
During meeting with Biden, China’s Xi cautions the U.S. to ‘make the wise choice’ to keep relations stable

During meeting with Biden, China’s Xi cautions the U.S. to ‘make the wise choice’ to keep relations stable

China’s leader Xi Jinping met for the last time with U.S. President Joe Biden on Saturday but was already looking ahead to President-elect Donald Trump and his “America first” policies, saying Beijing “is ready to work with a new U.S. administration.” During their talks on the sidelines of the annual Asia-Pacific Economic Cooperation summit, Xi…

Read More