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December, 5, 2016

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Business > Asia > Asian Market
US summit inspires skepticism, hope in SEA
It's a point of pride for many people in Southeast Asia that their respective nations will be represented at a summit with President Barack Obama in the U.S. this week. Beyond that, expectations range from the skeptical to the stratospheric: nothing will change or perhaps Obama can nudge my country in a better direction.
 
Asian stock markets crept higher Monday in thin holiday trading, with gains kept in check as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month.
 
Asia stocks uneven as China data, Japan policy weighed
Chinese stocks fell Monday after a weak manufacturing report while Japan extended gains following its central bank's introduction of a negative interest rate policy to boost lending and spur growth. Other markets were mixed. Keeping Score
 
The mammoth Trans-Pacific Partnership (TPP) trade deal will be formally signed in New Zealand next month, marking the end of negotiations on the agreement, officials in Wellington said Thursday.
 
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.
 
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