Asia markets rise after U.S. stocks hit all-time highs, China loan prime rates in focus – CNBC
34 minutes ago CNBC Pro: Morgan Stanley names biopharma favorites as “strong against macro uncertainties,” giving them 119% upside potential The biopharmaceutical sector is expected to provide a safe haven from macroeconomic and earnings concerns ahead of European companies' quarterly results, according to Morgan Stanley. The Wall Street bank said European biopharma stocks should be […]
China vs. India? Where one Asia investment manager is buying in a world of uncertainty – CNBC
Shin Yao Ng of Abdon, a Singapore-based Asian equity investment manager, said China looks relatively attractive because Indian stocks are soaring. “I want you to look at the fundamentals: China has a lot of value,” he said in an interview Friday. “But we don't know how long we'll have to wait.” Until China's economy recovers, […]
Asia markets poised for rebound after Monday's sell-off; Tokyo inflation slows further – CNBC
32 minutes ago Australian retail sales in November exceeded expectations due to Black Friday Australian retail sales up 2% The month-on-month increase in November exceeded economists' forecasts compiled by Reuters. The 2% rise was well ahead of the 1.2% rise expected in a Reuters poll and a reversal from October's 0.2% decline. “The large increase […]
Asia markets inch higher as investors await Bank of Korea meet, slew of inflation data this week – CNBC
3 minutes ago Bank of Korea to keep interest rates unchanged for 8 consecutive meetings Monday, April 10, 2023, at the Bank of Korea (BOK) complex in Seoul, South Korea. Bloomberg | Bloomberg | Getty Images The Bank of Korea will hold the first central bank meeting of the year among major Asian countries on […]