China's 10-year government bond yield rose to around 1.65%, as the People's Bank of China (PBOC) announced plans to sell 60 billion yuan worth of six-month bills in Hong Kong on January 15. This move was the largest sale since 2018, aimed to absorb liquidity from the market and reduce speculative bets against the yuan. This tightening of liquidity is expected to push up short-term interest rates, adding upward pressure on bond yields. The PBOC's actions reflect its continued efforts to stabilize the currency and manage volatility in the market.
Last week, the PBOC unexpectedly paused bond purchases due to a supply shortage and economic concerns, aiming to resume based on market conditions. This move could help slow the drop in yields and narrow the interest-rate gap with the US. Meanwhile, latest data showed that China's trade surplus surged to USD 104.84 billion in December, marking the largest surplus since February, as exports jumped 10.7% year-on-year, all exceeding forecasts.(Cay) Newsmaker23
Source: Trading economi
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like cry...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight. Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South Kor...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity. It wa...
China's official NBS Non-Manufacturing PMI rose to 50.8 in March 2025, up from 50.4 in February, marking the highest reading in three months and exceeding market expectations of 50.5. The new orders ...
Japan's industrial production grew at the fastest clip in nearly a year, as manufacturers sought to meet strong demand before the US implements new tariffs on autos and auto parts. Factory output&nbs...
Gold held above the psychological $5,000 level at the start of the week, supported by a combination of factors that are "right" for the precious metal : physical demand from China, expectations of lower US interest rates, and a weakening...
Oil prices fell about 1% on Monday as concerns about conflict in the Middle East eased slightly. The market calmed after the US and Iran agreed to resume talks on Tehran's nuclear program, reducing fears of imminent supply disruptions. Brent fell...
Hong Kong stocks surged on Monday morning. The Hang Seng Index rose 488 points, or around 1.8%, to 27,051, rebounding after weakening in the previous session. Sentiment was also lifted by Wall Street. Friday's rally pushed the Dow Jones...