Shanghai

Asia-Pacific markets trade mixed as investors weigh in on Fed’s smaller quarter-point hike

The US dollar index is fluctuating, hovering around 100 The dollar index fell more than 0.3% to 100.92, the lowest levels seen since April 2022, when it last dipped below the 101 mark, Refinitiv data showed. The dollar index hit an overnight low of 101.036, its lowest level since 04/22/2022, when it traded as low …

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Australia PMI, Japan Jibun Flash PMI, Lunar New Year Holidays

Zip shares have reversed after the initial rally Australian buy now pay later company. Zip fell more than 10% after a brief rally following quarterly results. Zip traded 15% lower, a sharp reversal from its previous gains of more than 10%, after it reported a 12% rise in revenue. The company said underlying “monthly cash …

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Inflation data in Japan, prime lending rates in China

China leaves key 1-year and 5-year lending rates unchanged The People’s Bank of China left key 1-year and 5-year lending rates unchanged, largely in line with expectations. The 1-year LPR remained at 3.65%, while the 5-year LPR remained at 4.3%, both unchanged from August 2022. The offshore and onshore Chinese yuan were unchanged and last …

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Asia-Pacific markets traded mixed as investors reviewed Chinese economic data

China’s retail sales beat forecasts, economy expands more than expected China’s December retail sales beat forecasts, falling just 1.8 percent year-on-year, significantly better than the 8.6 percent drop forecast in a Reuters poll. Industrial production also rose 1.3% in December, beating expectations for a 0.2% increase. In the fourth quarter, China’s economy expanded by 2.9% …

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