Asia markets open lower as traders assess Japan, Aussie business activity data and U.S. tech earnings
Investors in Asia will also look at tech stocks to see if there is any spillover effect on EV stocks after Tesla earnings missed estimates.
Asia-Pacific markets set for higher open, tracking Wall Street gains
Later Tuesday, India is slated to unveil its first budget under Prime Minister Narendra Modi’s third five-year term.
Asia stocks set to mostly fall as Biden drops out of race; inflation and GDP data this week in focus
“It is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President,” Biden wrote in a letter
Flights grounded and passengers warned of delays amid global IT outage
A slew of airlines said operations would be impacted on one of the busiest flight days of the year.
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
The Mix Flip starts at 5,999 yuan ($825), the Chinese company announced.
U.S.-China tensions are not a ‘new Cold War,’ veteran Singapore diplomat Bilahari Kausikan says
The term is “misleading” and only bears “superficial similarities to the U.S.-Soviet competition of [an] earlier era,” he says.
IMF raises India’s economic outlook, says global growth will remain lackluster
While the IMF takes a bullish stance toward China and India’s economic outlook, the U.S. could see a slowdown in growth momentum.
Asia-Pacific markets mixed after Fed Chair Powell’s rate cut comments lift Wall Street
Federal Reserve Chair Jerome Powell said the central bank will not wait until inflation hits 2% to cut interest rates.
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Monday was Powell’s first public speaking appearance since the consumer price index report for June showed cooling inflation.
Japan’s yen surges after U.S. inflation data as traders monitor possible intervention
The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation U.S. data.