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Asian equities ended the week with a thud, with Indonesia and Pakistan closed for Eid al-Fitr. The US dollar was a wrecking ball overnight, causing the Asia Dollar Index to decline by -0.19% as the South Korean Won underperformed by -0.89% overnight, with the US 10-year Treasury yield over 4.5%.
Asian equities were mixed overnight following a rough day in US stocks, which fell due to hot US inflation, providing further reinforcement to the higher-for-longer narrative.
China is delicately navigating a diplomatic tightrope on the Korean Peninsula by simultaneously reaching out to both South and North Korea, amid the growing alignment between Russia and North Korea, and alongside heightened cooperation among South Korea, the United States and Japan. China has swiftly advanced its diplomatic agenda on the peninsula by agreeing to hold a long-stalled trilateral summit involving South K...
Asian equities were mixed overnight ahead of US inflation data, which came in ahead of estimates, as Hong Kong outperformed significantly.
China regulators are considering subjecting the local ready-to-cook (RTC) foods category to additional mandatory standards and regulations in response to general public concerns over the food safety and quality.