Asian Stocks Eye Sluggish Start After China Data: Markets Wrap
Asian stocks dropped following data that showed signs of slack in China and news US President Joe Biden plans to raise tariffs on some goods from the world’s second-largest economy.
Asian stocks dropped following data that showed signs of slack in China and news US President Joe Biden plans to raise tariffs on some goods from the world’s second-largest economy.
The Bank of Japan offered to purchase a smaller amount of government bonds in a regular operation on Monday than it did on April 24 as it seeks to reduce its presence in the country’s debt market.
Oil edged lower as traders looked ahead to an OPEC+ meeting on supply policy, with Iraq giving out mixed messages about its stance.
Emerging Asian bonds may have less room to rally compared to their global peers as central banks in the region are unlikely to embark on aggressive interest-rate cuts.
The commercial division of Chinese private smelter Henan Jinli Gold and Lead Group Co. is looking to expand its commodities trading team in Singapore, as the industry turns increasingly bullish on copper, aluminum and other metals.
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