Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia (NASDAQ:NVDA) boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally.
Oil prices fell slightly in Asian trade on Thursday as a swathe of weak PMI readings spurred concerns over slowing economic growth, while an uptick in U.S. production and exports showed supply may not be as tight as initially expected.
The dollar nursed a sharp pullback against Asian currencies on Thursday, after softer-than-expected global economic data muddied the interest rate outlook and pushed down U.S. yields ahead of the Federal Reserve's Jackson Hole symposium.
BMI, a Fitch Solutions company, has maintained its cautious stance on Malaysia's vehicle market in 2024 and 2025 due to high base effects which could disrupt the record sales expected this year.
China’s stuttering economy is now the biggest threat to global commodities demand, as economic activity and credit flows in the world’s top buyer deteriorate sharply and put Beijing’s modest growth targets at risk.
Asian shares held tight ranges on Wednesday as investors awaited results from tech darling Nvidia (NASDAQ:NVDA) to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile.