The Magazine for Asian Investors
Crude oil futures closed higher on Wednesday (Sept. 28) after the U.S. reported a decline in crude oil inventories last week. This indicates that oil demand continues to recover. The market was also helped by a weaker dollar and the…
Tokyo’s Nikkei closed at a 3-month low of 26,173.98, down 397.89, or -1.5%. It followed the Dow Jones, which closed in the red for the sixth straight day on Tuesday (Sept. 27) after reports that Apple decided to cancel plans…
Thailand’s central bank has raised its key interest rate to curb the highest inflation in 14 years and ensure a sustained economic recovery while leaving its growth forecast for 2022 at 3.3%. The Bank of Thailand (BOT) said the policy…
Minutes from Wednesday’s BOJ meeting show that Bank of Japan (BOJ) board members agreed that the central bank needs to examine whether recent sharp fluctuations in the yen’s exchange rate could affect interest rate policy. One member said downward pressure…
Crude oil futures closed higher Tuesday (Sept. 27) after news that Hurricane Ian is approaching the Gulf of Mexico. Several energy companies have ordered their employees to evacuate their rigs. BP and Chevron, two of the world’s largest energy companies,…
The Nikkei recovered to close up 140.32 points, or +0.53%, at 26,571.87 as investors got back into stocks after yesterday’s sharp decline. The gainers were Konamil Corp +4.01%, Hitachi Zosen Corp +3.86%, and Mitsui Engineering & Shipbuilding+2.82%. The losers were…
According to the World Bank, economic growth in East Asia and the Pacific will slow significantly in 2022 due to the slowdown in the Chinese economy, but will pick up more strongly in 2023. According to the World Bank’s forecast,…
Crude oil futures closed at their lowest level in almost 9 months on Monday (September 26) in volatile trading. The market was influenced by the strength of the dollar. This was compounded by fears that the U.S. Federal Reserve’s (Fed)…
Asian stock markets closed lower today as investors feared a global recession after the U.S. Federal Reserve (Fed) and other central banks insisted on tightening monetary policy further. Investors expect the Fed to raise interest rates by 0.75% at its…
Oil prices fell for a second day Monday on fears that fuel demand will decline due to the expected global recession. Both contracts fell by around 5% on Friday to their lowest level since January. The dollar index climbed to…
