Chinese stocks slid in early Friday trading, an indication of entrenched investor pessimism even after authorities urged the nation’s top financial institutions to help stabilize a struggling market.
Japanese stocks are no longer getting the kind of boost they used to get from a weak yen, as investors turn cautious it will trigger the Bank of Japan to further tweak its policy.
An abstract interest-rate metric is dominating discussions across trading desks ahead of the Jackson Hole symposium, with investors wondering if Federal Reserve Chair Jerome Powell will weigh in, and bracing for further declines in US Treasuries if he does.
Donald Trump turned himself in at the Fulton County Jail in Atlanta to be booked on state charges that he conspired to overturn the result of the 2020 presidential election in Georgia, the fourth time he’s been processed as a criminal defendant this year.
Meituan fell its most in almost three months after warning that growth in its core meal delivery business will slow this quarter, in one of the clearest signs that Chinese economic turbulence is beginning to hurt the country’s internet leaders.
Since taking office in January, Brazil President Luiz Inacio Lula da Silva has placed China at the center of his attempts to foster an industrial and economic renaissance in South America’s largest country.
Morgan Stanley lowered its price targets for major Chinese and Hong Kong stock indexes for the second time in three months, as Wall Street turns more cautious on the world’s second-largest economy.
Thailand’s central bank wants the new government led by Srettha Thavisin to pursue fiscal consolidation in tandem with monetary policy to avoid fueling inflation in the economy.
China Evergrande Group’s property management services unit reported a 43% increase in profit in the first half, a positive development as the real estate giant edges toward one of the nation’s largest restructurings.
A spillover of China’s property market stress to the rest of Asia will slow the region’s earnings and returns, Goldman Sachs strategists wrote in note, slashing multiple price targets for the MSCI Asia Pacific ex Japan Index.
