China’s loan prime rates were held at 3.35% for the one-year LPR and 3.85% for the five year LPR, in line with expectations
Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions
After years of strong showings in China’s box office, Hollywood films are being pushed out by homegrown blockbusters in the massive movie market.
In major policy shift, Singapore announces unemployment support scheme
The scheme will give laid off workers up to SG$6000 (USD$4,561) per month for six months, subject to conditions.
Asia markets take a breather after last week’s rally; inflation data and central bank decisions on deck
Traders will watch out for central bank releases, including the Bank of Korea’s rate decision and minutes of the Reserve Bank of Australia’s August meeting.
CNBC Daily Open: Wall Street ‘dress rehearsal’
Markets were reassured that Japan’s central bank will not raise rates in a volatile environment and that the U.S. economy isn’t on the verge of a recession.
After medic’s rape and murder, Indian doctors stage 24-hour nationwide strike
The Indian Medical Association has called for a suspension of non-emergency medical services from Saturday 6 am local time.
Japan stocks lead gains in Asia after Wall Street rallies on easing recession fears
Traders in Asia assess revised trade data from South Korea and non-oil exports data from Singapore.
China reports slight beat in July retail sales, but industrial data disappoint
Other data for July released in the last two weeks have indicated consumer demand remains sluggish.
‘Pulling a Joe Biden’: Reactions to Japanese Prime Minister Fumio Kishida’s resignation
One expert said the move was reminiscent of U.S. President Joe Biden dropping out of the presidential race less than a month ago.
Asia-Pacific markets mostly climb as Japan’s GDP growth beats expectations; China reports mixed economic data
Traders in Asia will assess a slew of economic data from the region on Thursday, including from Japan, China and Australia.