The Magazine for Asian Investors
Tokyo’s Nikkei closed at 27,153.83, down 159.30 or -0.58%, after the U.S. Federal Reserve announced it would continue to aggressively raise interest rates to curb inflation, raising fears that the U.S. and global economies would weaken further. The losers were…
The Swiss central bank today raised its key interest rate by 0.75% to 0.5% from -0.25% to curb inflation, which has risen to a 30-year high. The Swiss central bank’s rate hike came after the Federal Reserve raised short-term interest…
The Philippine central bank raised its benchmark interest rate by 0.50% to 4.25% at its meeting today (Sept. 22), the fifth rate hike this year, in a bid to ease inflationary pressures amid the slump in the peso. The Philippine…
Major British bank HSBC Holdings (HSBC) raised its Hong Kong interest rate by 0.125% to 5.125%, effective Sept. 23, after the Hong Kong Monetary Authority (HKMA) today raised its benchmark rate by 0.75% to 3.5%. The move came after the…
The Bank of Japan (BOJ) decided to maintain its ultra-loose monetary policy at its meeting today, in line with market expectations. However, this contrasts with other central banks around the world, which are pursuing a tight monetary policy to curb…
The Hong Kong Monetary Authority (HKMA) raised its benchmark interest rate by 0.75% to 3.5% on Thursday (Sept. 22), after the U.S. Federal Reserve raised rates by the same amount. Hong Kong’s monetary policy moves in lockstep with the US.…
Crude oil futures closed lower on Wednesday (Sept. 21) after the Federal Reserve (Fed) raised interest rates by 0.75%, raising concerns among investors that this would hurt the economy and oil demand. Initially, crude oil futures rose on reports that…
At its meeting yesterday, the Federal Reserve’s Monetary Policy Committee (FOMC) decided to raise the short-term interest rate by 0.75% to 3.00-3.25%, in line with market expectations. The Fed has raised interest rates for the third time in a row…
Tokyo’s Nikkei closed down 375.29 points, or -1.36%, at 27,313.13 points as auto stocks gained on the back of Ford Motor’s recovery last night in the US. The losers were Unitika-7.51%, Pacific Metals-4.61%, and Daikin Industries-3.94%. The gainers were Japan…
Crude oil futures closed lower on Tuesday (Sept. 20) as markets were pressured by the appreciation of the dollar and fears that the Federal Reserve’s (Fed) interest rate hike will impact the economy and oil demand. A UBS analyst said…
