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ASIA: China's producer inflation for March was higher than expected. The producer price index surged 8.3% as compared with a year ago, official data showed Monday, above expectations for a 7.9% increase in a Reuters poll. Chinese consumer inflation also rose more than expected in March, with the consumer price index climbing 1.5% year-on-year. That
Spread the lovemore ASIA: India has signed contracts to export about 500,000 tonnes of wheat in recent days, traders said, cashing in on a sharp rally in international prices and signaling a big uptick in overseas sales from the world’s second biggest producer of the grain. Traders said last week they had received inquiries from […]
Spread the lovemore ASIA: A prolonged slowdown in China’s economic growth could hurt some multinational companies and commodity producers for years to come, casting a shadow over the global recovery from the pandemic—but likely not derailing it entirely. Sputtering momentum in China’s economy—which accounts for about 15% of global trade and a quarter of projected global […]
Spread the lovemore ASIA: Goldman Sachs cut its 2022 forecast for China economic growth Tuesday in expectation of increased restrictions on business activity aimed at containing the omicron Covid variant. Consumption will likely be affected the most, while exports less so, the analysts said, as they assume limited disruptions to supply chains. They expect government policy […]
Spread the lovemore ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 135.15 points or -0.47% to 28,725.47 Shanghai increased 35.47 or 0.98% to 3,673.04 Hang Seng increased 257.99 points or 1.08% to 24,254.86 ASX 200 decreased 20.90 points or -0.28 to 7,384.50 Kospi increased 27.77 points or 0.93% […]