South Korea

Asia-Pacific markets are mostly higher as investors digest the Fed’s smaller quarter-point increase

by

Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia … Read more

Japanese inflation data, Chinese loan interest rates

by

China left the main interest rates for one-year and five-year loans unchanged The People’s Bank of China left the 1-year and 5-year loan prime rates unchanged, broadly in line with expectations. The 1-year LPR stood at 3.65% while the 5-year LPR stood at 4.3%, both unchanged since August 2022. The Chinese yuan off and on … Read more