Stocks gain, US treasury yields rise as banking fear eases
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3% by early morning Hong Kong time. U.S. stock futures, the S&P 500 e-minis, were up 0.21%. Key Points
FinancialexpressGrowth of Asian emerging, developing economies to be credit strengths for many govts in APAC: S&P
S&P Global Ratings predicts that Asian emerging and developing economies will remain a credit strength for many governments in the region, with 19 out of 21 countries receiving a sovereign rating in the Asia-Pacific region having a stable outlook. The agency expects stable outlooks on most long-term foreign-currency sovereign ratings in the region, with few changes expected in the next year or so. Key Points
Economic TimesBank relief and Alibaba plans nudge stocks higher
MSCI's broadest index of Asia-Pacific shares outside Japan gained for a third day in a row, rising 0.3%. It is eyeing two consecutive quarters in the green for the first time since the middle of 2021. Key Points
FinancialexpressGlobal air travel at 99% of pre-covid level, says IATA
Asia-Pacific airlines saw a 63.8% rise in November traffic compared to November 2022, the highest year-over-year rate among regions, according to the International Air Transport Association. Key Points
mintIndia may lose 35% of GDP to climate change by 2100, warns Unescap report
In a report released on Friday, ESCAP noted that losses from climate change due to high emissions could be higher at 35% of the gross domestic product for India compared with 24% of the GDP for developing Asia by 2100, and average losses for Asia-Pacific economies from disaster-related and other natural hazards could double to $1.4 trillion in the worst case scenario during this period. Key Points
Economic Times
Asian stocks slide to two-month low on debt ceiling jitters
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.84% to 503.93, the lowest since March 21, and was on track for second straight month of losses. Key Points
FinancialexpressAsian shares extend losses, sink on banking jitters, US economic concerns
MSCI's broadest index of Asia-Pacific shares outside Japan were 0.3% lower on Thursday, while Japan's Nikkei lost 0.4%. Key Points
FinancialexpressStocks waver, dollar softens as investors weigh earnings, data
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.7% by 0220 GMT. Key Points
FinancialexpressAsian shares falter on banking concerns, bonds bet on last rate hikes
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%% on Friday, erasing some of the recent gains to be up 1.7% for the week. Key Points
FinancialexpressInterest rates, borrowing costs in APAC to stay high this year, says Moody’s
Moody's predicts that interest rates in the Asia-Pacific region will remain elevated this year, despite moderating inflation. Central banks will adopt a slower pace of monetary tightening, but occasional rate increases may be necessary to guard against inflationary pressures. While the median inflation rate in the region is expected to decline, borrowing costs will stay elevated due to benchmark policy rates remaining above the levels of the last decade. Key Points
Economic Times
Indians may get the highest pay hikes in Asia-Pacific region this year: Survey
In the Asia-Pacific region, Vietnam comes a far second, with a 6.7% median pay hike expected in 2024 (6.8% in 2023), followed by Indonesia with 6.5% (6.4% last year), according to the survey. Employees in Japan are likely to get the lowest increment at 2.5% (2.7% last year). Key Points
Economic TimesAsian stocks notch two-week peak as focus turns to PMIs
MSCI's broadest index of Asia-Pacific shares outside Japan touched its highest since May 9, and was up about 0.3% by mid-morning. Japan's Nikkei extended its winning streak into a ninth session and rose 0.6%. Key Points
FinancialexpressAsia stocks rise on hopes regional central banks hold steady on rates
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6% as trading resumed after a long holiday weekend in many major Asian markets. Key Points
FinancialexpressAsia stocks bounce gingerly but bank fears lurk
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade. Key Points
Financialexpress