Asia markets trade higher after U.S. stocks rally for a second day

People cross a street in Causeway Bay, Hong Kong. Marc Fernandes | Nurphoto | Getty Images Shares in the Asia-Pacific traded higher on Wednesday after U.S. stocks rallied for a second day. Hong Kong’s Hang Seng index surged to close 5.9% higher at 18,087.97 on its return after a holiday Tuesday. The Hang Seng Tech … Read more

Asia-Pacific markets mostly mixed oil pops on possible OPEC+ supply cut

Australia’s central bank expected to hike rates by 50 basis points: Reuters poll A Reuters poll of economists expects the Reserve Bank of Australia to hike its benchmark interest rate by 50 basis points to 2.85%. RBA’s board members said the case for a slower pace of rate hikes was growing, according to minutes from … Read more

Stocks fall; Singapore, Malaysia inflation

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 2.28% to its lowest … Read more

Bank of England raises rates by 50 basis points, in seventh consecutive hike

The Bank of England warned that the U.K. will enter recession later this year. The expected recession is forecast to be the longest since the global financial crisis. Vuk Valcic | SOPA Images | LightRocket | Getty Images The Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday, lower than … Read more

Fed hike, Bank of Japan, interest rates, currencies

Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Reuters also reported Chinese refiners are expecting the nation to release up to 15 million tonnes worth of oil products export quotas for the rest of the year, citing people with knowledge of the matter. … Read more

Stocks drop after Wall Street plunge on U.S. CPI

A pedestrian walks past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 16, 2020. Kazuhiro Nogi | AFP | Getty Images Shares in the Asia-Pacific dropped sharply on Wednesday after indexes on Wall Street plunged following a higher-than-expected U.S. consumer price index report for August. Japan’s Nikkei … Read more