Umesh Desai

Umesh Desai is Executive Editor at Asia Times Financial and Finance Editor at Asia Times.

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China tightening fears spook investors

China tightening fears spook investors

HONG KONG: Asian markets were broadly higher on optimism around the earnings season which kicked off on a positive note but Chinese markets underperformed as the central bank’s liquidity operations signalled a desire to rein in leverage.“This latest commentary from the PBoC official assured the market that liquidity accommodation will …

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Risk on rally after CPI data

Risk on rally after CPI data

ATF: Hong Kong: Investors piled into risk assets as benign US CPI data calmed inflation jitters with Hong Kong outperforming as 12 Chinese Internet platform companies pledged to avoid anti-competitive behaviour and signalled compliance with antitrust laws.Chinese tech giants including Baidu, JD.com, and Bytedance have made promises to stop using …

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Markets drift as inflation data looms

Markets drift ahead of inflation data

(ATF) Hong Kong: Asian markets meandered ahead of US CPI data as investors assessed the damage to their portfolios from a potential jump in inflation.Reflecting those concerns, US 10-year Treasury yields jumped 3 basis points to 1.70%, the pressure also coming from supplies ahead.Japan’s Nikkei 225 index added 0.72%, driven …

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Investors reset ahead of earnings

Investors reset ahead of earnings

HONG KONG: Investors turned edgy ahead of the earnings season with the resurgence of coronavirus infections adding to the gloom.China underperformed as the slowdown in credit growth resumed in March with the authorities signalling deceleration will continue as policymakers focus on reining in credit risks.Japan’s Nikkei 225 index slipped 0.77%, …

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Markets this week: Inflation outlook, vaccine progress key

Markets this week: Inflation outlook, vaccine progress key

(ATF) Economic eventsInvestors will focus on the corporate results in several markets after a holiday shortened week, looking for clues about the earnings visibility and recovery path. They will also monitor vaccination progress and mobility in various economies as subsequent waves of infections forces lockdowns.“Mobility data have weakened in many …

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Yield spike reflects inflation worries

Yield spike reflects inflation worries

(ATF) Hong Kong: Asian markets were broadly lower as investors remain concerned by rising US Treasury yields and as factory-price data from China triggered fresh worries over global inflation.Japanese stocks outperformed amid growing expectations ahead of the earnings season that companies will report healthy profits and issue upbeat forecasts.Japan’s Nikkei …

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Improving economic outlook sustains market gains

Improving economic outlook sustains market gains

(ATF) Hong Kong: Asian markets were broadly firm as the US Federal Reserve minutes showed its view of the economy continued to improve and that it would continue asset purchases until it meets its employment and price stability goals.But Chinese markets remained under pressure as tensions between Beijing and Taipei …

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