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September, 29, 2016

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South Korea cuts its growth outlook for 2016
South Korea's central bank on Thursday cut its economic growth outlook for 2016 to 3 percent, citing lingering "uncertainties" over a slowdown in key export markets and the won currency.
Shanghai stocks swung sharply again Tuesday on continuing worries about China's economy, while most other Asian markets extended losses in one of the worst trading starts to a year.
The government is drawing up plans to contribute its expertise to the Asia-Pacific Economic Cooperation (APEC) forum in accordance with this year's theme and priorities, a Ministry of Foreign Affairs (MOFA) official has said.
Embattled trader Noble Group saw its credit rating downgraded to junk status by the Standard & Poor's ratings agency on Thursday, citing its weakening "liquidity position."
Asian shares mostly fell Wednesday but Chinese markets rallied, with reports Beijing had spent billions buying shares after a more than 7-percent decline in the first two trading days of the year.
Asian markets mostly fell at the end of another volatile session Tuesday, a day after a global rout that saw trading suspended in Chinese markets and U.S. and European equities tank.
Asian markets broadly fell Monday as a decline in profits at China's industrial firms reignited worries about the world's number two economy, but bargain-buying helped Tokyo snap a five-day losing streak.
A luxury apartment in Hong Kong sold for a record HK$594.7 million (US$76.7 million), days before Christmas, making it the most expensive apartment in the city and possibly in Asia, reports said Friday.
Oil prices extended losses Monday with Brent hitting an 11-year low, fueling fears about the global economy, but most Asian stock markets recovered from early losses to rally in the afternoon.
Asian markets surged Wednesday, while the U.S. dollar held its strength after overnight gains as buying confidence returned to trading floors ahead of an expected U.S. interest rate rise.
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