Yale’s Stephen Roach: Markets are in danger of being ‘whipsawed’ by Middle East conflict, U.S. unemployment
“We are likely to see significant increases in volatility and markets that really are whipped back and forth dramatically,” Roach told CNBC’s “Squawk Box Asia.”
Ireland reveals how it plans to spend ‘transformational’ $14 billion Apple tax windfall
Ireland’s government has outlined how it intends to deploy more than $14 billion in back taxes from Apple.
China property stocks surge to highest levels in a year as stimulus rally continues
Shares of most Hong Kong-listed Chinese property stocks surged to their highest in over a year, as China’s recent slew of stimulus continue to buoy markets.
China says it filed an appeal to WTO over Canada’s tariffs on EVs and metals
Canada announced in August that it would impose 100% import tariffs on China-made EVs.
Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
Oil watchers are now factoring in a genuine threat to crude supplies after Iran launched a barrage of missiles on Israel.
Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate
China’s youths are retreating to the countryside after getting fired from their jobs, or unable to secure one that they are content with.
South Korea factory activity shrinks sharply as overseas demand weakens, PMI shows
South Korea’s factory activity contracted rapidly in September as overseas demand slows, a private survey showed Wednesday, indicating a slow economic recovery.
Hong Kong stocks rally over 6% in sixth straight day of gains
Asia-Pacific markets were mixed on Wednesday, following a poor start to the trading month on Wall Street.
Bitcoin tumbles back toward $60,000 as tensions in the Middle East rise
Bitcoin has had a shaky start to what is usually one of its strongest months, sliding back to $60,000.
South Korea inflation cools more than expected as rate cut talk grows
It was weaker than a median 1.9% increase tipped in a Reuters poll of economists and marked the weakest annual increase since February 2021.
