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India Movers: Angel One, Asian Hotels North, Hatsun Agro, HUL, Jio Financial, Tata Steel, Vedanta, Zee Entertainment

Jul 16, 2024
Arun Goswami
Hindustan Unilever agreed to sell its water purification business to the Indian arm of A.O. Smith. Tata Steel said it plans to transition to an electric arc furnace despite resistance from the labor union. Angle One reported a surge in quarterly revenue and earnings. 

Japanese Market Indexes Expected To Trade Volatile Tracking Yen Turbulence

Jul 15, 2024
Akira Ito
Financial markets are expected to face selling pressure on Tuesday after investors return from a 3-day holiday. The yen is likely to rebound as the suspected government intervention pushes the yen closer to the 155 mark against the U.S. dollar.

China Stocks Declined After Weak Economic Growth and Retail Sales Data

Jul 15, 2024
Li Chen
China's economic growth slowed in the second quarter due to consumer demand weakness compounded by the persistent decline in property prices and ongoing job market deterioration. 

Nikkei 225 Stock Average Plunged 2% After the Yen Rebounded

Jul 12, 2024
Akira Ito
The Nikkei 225 average and the Topix index trimmed their weekly gains to less than 1% after the yen rebounded on the suspected market intervention. The easing of U.S. inflation also contributed to speculation that the Fed is more likely to cut interest rates in September, shrinking the rate gap with Japan.

China's Trade Surplus Expand to a 2-year High, Hong Kong Stocks Jump

Jul 12, 2024
Li Chen
China's trade surplus in June expanded after exports rose and imports declined amid strong demand in the U.S. and the ASEAN region. Hong Kong property developers soared in the hopes that interest rates may be trimmed following the probable U.S. rate cut in September.

Nikkei 225 Hits Third Consecutive High, Core Machinery Orders Unexpectedly Declined in May

Jul 11, 2024
Akira Ito
Japan's major averages closed at new record highs, driven by optimism surrounding artificial intelligence-linked stocks and the weakness in the yen. Core machinery orders declined from the previous month but rose from a year earlier in May.

China Stocks Rebound After Regulators Imposed Additional Curbs On Short Sellers

Jul 11, 2024
Li Chen
The Chinese securities regulator lifted margin requirements for short sellers in the hopes of arresting the persistent market decline and reviving investor sentiment. 



Another Day, Another High In Japan's Nikkei 225 as the Yen Drifts to a New 38-year Low

Jul 10, 2024
Akira Ito
Japan indexes traded at new record highs, and producer price inflation was positive for the 41st month in a row. The yen drifted to a new 38-year low as the Bank of Japan remained divided about the future rate path and appropriate level of the yen.

China's Weak Consumer Inflation Highlights Broader Economic Malaise

Jul 10, 2024
Li Chen
China's latest inflation data highlighted ongoing consumer demand weakness, overcapacity in key industries, and a rapidly weakening job market.

India Movers: Adani Port, Adani Power, Angel One, Delhivery, Mankind Pharma, Shilpa Medicare, Tata Motors

Jul 10, 2024
Arun Goswami
Angle One's cyber security breach may have involved more than what the company disclosed in a filing with exchanges a year ago. Shilpa Medicare's pharmaceutical manufacturing facility in Raichur, Karnataka, won approval from Brazil's drug regulator. 

Strength In Tech Stocks and Weakness In Yen Pushes Japan Indexes to New Record Highs

Jul 9, 2024
Akira Ito
Strength in tech stocks and exporters pushed benchmark indexes to new highs in Japan ahead of machine order data later in the week.

China Deflation Worries Dominate Shanghai and Hong Kong Stock Trading

Jul 9, 2024
Li Chen
Consumer price inflation in China is expected to be positive, but producer price deflation is likely to persist in the 21st consecutive month of June.

Japan's Current Account Surplus Widened In May, Real Wages Continue to Decline

Jul 8, 2024
Akira Ito
Japan's current account surplus expanded for the 16th consecutive month in May. Real wages declined for the 26th consecutive month in May as wage gains lagged overall inflation.

China Stocks Face Renewed Downward Pressure Amid Low Expectations Ahead of Third Plenum

Jul 8, 2024
Li Chen
Market indexes in Hong Kong accelerated the previous week's decline amid rising trade tensions with the European Union, policymakers' limited room for additional financial measures, and the persistent weakness in housing market.



Nikkei and Topix Trimmed Weekly Gains, Japan's Household Spending Unexpectedly Declined In May

Jul 5, 2024
Akira Ito
Benchmark indexes in Tokyo trimmed weekly gains, but household spending unexpectedly declined in May after higher prices dented consumer appetite for non-discretionary items.