Breaking News: Asia
- Asia-Pacific markets mostly climb after AI trade lifts Wall Street overnight - Investors in Asia will watch out for AI-related plays in the region, as well as inflation reading out of Singapore.
- China keeps benchmark lending rates steady for a seventh straight month despite weak economic data - The People's Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for a seventh straight meeting.
- China lowers anti-dumping tariffs on European pork exporters - China on Tuesday announced lower duties on pork imports and pig by-products from the European Union.
- South Korea stocks lead losses in Asia for a second day as tech sell-off continues on Wall Street - Markets in Australia started the day higher, while markets in Japan and South Korea fell.
- China's retail sales growth sharply misses estimates in November, deepening consumption worries - China's retail sales growth and industrial production missed estimates in November while investment declined more than expected.
- Asia-Pacific markets set for lower open ahead of key data from China and Japan - China will release its November retail sales, fixed asset investment and industrial output numbers, while Japan will announce its fourth-quarter Tankan survey.
- Thailand dissolves parliament, heightening political turmoil as Trump seeks to salvage ceasefire with Cambodia - The escalation broke the ceasefire brokered in July by Trump who threatened to halt trade talks with the two countries unless they ended the fight.
- Asia-Pacific markets mostly rise after third Fed cut of the year - Australia started the day higher, while Japan and Hong Kong futures also show a strong open.
- CEO of South Korean online retail giant Coupang resigns over data breach - Coupang said Wednesday that CEO Park Dae-jun resigned due to the data breach incident, which was revealed on Nov. 18
- China consumer inflation hits near two-year high despite deeper-than-expected producer deflation - Economists warned that deflationary pressure on the world's second largest economy will persist into next year, calling for fresh policy stimulus to spur demand.