Hang Seng Index

Stocks fall; Singapore, Malaysia inflation

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, Tuesday, February 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific stocks fell on Friday as investors continue to weigh on the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 2.28% to its lowest …

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Japan CPI inflation, China loan prime rate, currencies

Hong Kong casino tech and stocks support broader index Australia’s central bank says the argument for a slower rate hike is growing stronger Reserve Bank of Australia (RBA) board members ‘saw the case for slowing the pace of interest rate increases as gaining strength,’ according to the minutes of its meeting. September 6, during which …

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Asia markets rise, South Korea stocks pop ahead of U.S. CPI report

Ramsay Health Care shares plunge 14% after takeover talks hit roadblock Australian hospital operator Ramsay Health Care shares fell 14.6% after the company announcement a KKR-led consortium is “unable to improve the terms” of a proposed takeover. Ramsay Health rejected the proposal earlier this year, saying the offer was “significantly lower.” Shares of the company …

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Japan travel stocks rise on report on easing rules

Expect more dollar-yen upside, says BofA The dollar-yen is likely to see further upside as policymakers in Japan are “somewhat conflicted” over whether to intervene to defend its currency, said Claudio Piron, co-head of fixed income and foreign exchange. in Asia at Bofa Securities. Although the dollar-yen is approaching levels that have warranted action by …

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Stocks, currencies, oil, economic data

US to expand restrictions on chip and tool exports to China, Reuters reports The U.S. Department of Commerce plans to issue new regulations relating to restricting exports of chipmaking equipment to Chinese factories that produce advanced semiconductors, Reuters reportedciting people familiar with the matter. The rules will be based on letters sent to KLA, Research …

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Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments

HSBC says latest inflation readings from China allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to remain dovish,” said China economist Erin Xin. Xin added …

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