• Bank of Korea announces second straight rate hike0

    The market found some relief on the notion that the Minutes revealed a broad consensus for 50bps hikes in June and July and the possibility for a pause later in the year. Rodrigo Catril National Australia Bank The S&P/ASX 200 in Australia edged 0.43% lower. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.12%.

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  • Asia stocks rise; New Zealand central bank hikes rates by 50 basis points again0

    SINGAPORE — Shares in Asia-Pacific nudged higher in Wednesday morning trade, with New Zealand’s central bank announcing yet another 50 basis point rate hike. Hong Kong’s Hang Seng index advanced 0.64%, while the Shanghai Composite in mainland China edged about 0.6% higher and the Shenzhen Component gained 0.207%. The Nikkei 225 in Japan sat fractionally

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  • U.S.-China tariffs, oil and currencies0

    SINGAPORE — Markets in Asia-Pacific were subdued in Tuesday trading, as investors weighed a possible thawing of U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. Chinese stocks were little changed in early trade. Hong Kong’s Hang Seng index was 0.43%. The Shanghai Composite was flat, while

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  • Traders are lining up to short the British pound with a recession on the horizon0

    British Union flag, also known as a Union Jack, and an American flag at ETX Capital, a broker of contracts-for-difference. The pound has fallen more than 8% against the dollar, and is attracting short bets from traders as the British economy faces soaring inflation and a cost-of-living crisis. Chris Ratcliffe | Bloomberg | Getty Images

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  • What does it mean for investors as the pair nears parity?0

    The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is nearing parity with the U.S. dollar for the first time in 20 years, but currency strategists are divided on whether it will get there,

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  • Hong Kong’s Hang Seng leads losses as Asia stocks fall0

    SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. Hong Kong’s Hang Seng index led losses regionally, falling more than 3% in early trade. Shares of Chinese tech behemoth Tencent plunged 8.1% after reporting that its quarterly profit halved. The Nikkei 225 in Japan fell 2.6% while the Topix

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