South Korean Jobs Data Puts Asia-Pacific Market On Risk
The Asia-Pacific market saw a notable decline on Wednesday as investors used the latest unemployment data from South Korea. The South Korean government released its August unemployment report, showing a slight uptick in job rates, which fueled investors’ uncertainty and led to a cautious approach across regional stock exchanges. This
Top Stock Market Predictions for Asia in 2024
As we are already entering the second half of 2024, investors are focusing on the path of disinflation, causing divergence in Central banks and easing policies. The stock market comes with a series of challenges and uncertainties that affect global investor decisions to look out for. Asia’s economic and investment
Asia Markets Plunge to 6-Month Low Due to China Slowdown
China’s economy is struggling due to slow economic growth, impacting the manufacturing and real estate sectors. Asian market indexes like the Nikkei 225 Index of Tokyo fell to -0.16%, while Hong Kong’s HSI index slid down by -1.77%. The benchmarks of Australia and China slipped, while for South Korea, they
10 Largest Banks in Asia By Value, Total Assets & Market Cap
The banking industry has a diverse, influential global presence, with top institutions holding trillions of dollars in asset valuations. As the ever-evolving finance landscape of the Asia-Pacific region, lenders often look out for trusted and recognised banks to keep their money secure and meet the expectations of diverse global market
Driving Up Costs: Canada Imposes 100% Tariffs on Chinese EVs
Canada is following in the footsteps of the United States and the European Union in imposing 100% tariffs on the import of Chinese electric vehicles. The nation has also announced a 25% tariff on imported steel and aluminium from China. This duty applies to all EVs (Electrical Vehicles) shipped from
Amid Economic Woes, Southeast Asia’s Insurtech Thrives!
In spite of ongoing macroeconomic and geopolitical uncertainties, deals in Southeast Asia’s insurtech sector witnessed a significant increase, reaching $2.35b from 27 deals in 2023. According to the sources, Singlife’s merger with Aviva Singapore, valued at $2 billion, played a critical role in driving the trend. However, early-stage startups witnessed
Carlyle Group Inc. Delays Asia Buyout Funds
Carlyle Group Inc. put a hold on closing a new pan-Asian buyout as the demand for Japan-focused vehicles has syphoned off investor interest, as per the individuals aware of this matter The Washington-based firm has asked for an extension on closing its 6th regional buyout fund. Since its launch two
Cryptocurrency Regulations in Asia: Its Impacts
As the Asian regions advance technologically, there is a scaling demand for cryptocurrency and blockchain that helps leverage investment growth. More than half of the global crypto traders reside in Asia, so regulators have no choice but to implement preventive regulations that safeguard investors’ value. Most countries use cryptocurrencies due
Buy Bitcoins In The Philippines: A Must-Read Write-Up
Cryptocurrency has gained a lot of traction in the last few years. Once, a man used 10,000 bitcoins to buy two pizzas. Now, those bitcoins are worth more than $80 million. The decentralised nature and the possibilities for potential growth make it a very good investment option. However, the risks