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ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 82.73 points or -0.25% to 32,698.81 Shanghai decreased 47.28 points or -1.48% to 3,150.62 Hang Seng decreased 95.84 points or -0.51% to 18,794.13 ASX 200 decreased 20.50 points or -0.29% to 7,078.70 Kospi increased 12.10 points or 0.47% to 2,582.20

ASIA: The People's Bank of China has taken steps to stimulate economic growth by cutting two key lending rates for the first time in 10 months. The one-year loan prime rate was reduced by 10 basis points from 3.65% to 3.55%, and the five-year loan prime rate was lowered from 4.3% to 4.2%. These

ASIA: According to the World Bank, India's economic growth is expected to slow down further to 6.3% in the financial year FY 2023/24. This is a downward revision of 0.3 percentage points from the previous estimate of 6.6%. The main reason for the slowdown is attributed to constrained private consumption caused by high inflation.

ASIA: Consumer prices in China increased at their slowest pace in two years, indicating deflationary pressure and weakness in domestic demand. The consumer price index rose by only 0.1% in April compared to the previous year, the lowest rate of inflation since February 2021. The producer price index, which measures factory-gate prices, experienced a significant