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EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 120.20 points or -0.42% to 28,162.83 Shanghai decreased 23.14 points or -0.75% to 3,078.55 Hang Seng decreased 275.64 points or -1.57% to 17,297.94 Kospi decreased 29.59 points or -1.21% to 2,408.27 ASX 200 decreased 30.40 points or -0.42% to 7,229.10
ASIA: China has decided the status quo of Taiwan's situation is no longer acceptable and has begun to ratchet up pressure on the self-governing island, including holding out the possibility of using force, U.S. Secretary of State Antony Blinken said on Wednesday. Speaking at an event organized by Bloomberg, Blinken said China had altered
ASIA: To stabilize China's foreign exchange market and support the value of the yuan, the country's central bank, the People's Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio for foreign exchange forward trading from 0 to 20 percent, effective Wednesday. It will increase the cost of foreign exchange