Traders find haven from global stock gloom in Southeast Asia

In an April report, the Asian Development Bank projected that the economies in the Asia-Pacific region will grow 4.8 per cent this year and next year, adding that growth in the region remains resilient. The Association of Southeast

Asia shares rallied on Thursday, following Wall Street’s lead, and the dollar held just off a two-month high versus the yen amid signs Washington might be close to a deal to raise the debt ceiling and avert a

Asian stocks finished firmly in the green Monday amid buoyant global sentiment, with investors across the region bracing for a spate of key economic data due from China on Tuesday and reacting to the latest move from the

Asia and the Pacific is a relative bright spot amid the more somber context of the global economy’s rocky recovery. The region will contribute about 70& percent of global growth this year, a much greater share than in recent

The International Monetary Fund raised its forecast for Asia-Pacific, saying the region’s growth will be primarily driven by China’s recovery and “resilient” growth in India. This comes as the rest of the world braces for slower growth from tightened monetary

Asian markets overcame a shaky start to enjoy modest gains on Thursday, bucking a session on Wall Street that saw major indices sink despite a surge in tech. Blockbuster earnings lifted the tech-heavy Nasdaq on Wednesday, with both

Asian markets mostly rose Tuesday (April 11) after an Easter break that thinned trading volumes in the region, with focus now turning to the release of US inflation data later in the week. The consumer and wholesale price

Asia-Pacific markets largely rose on Monday as investors further digested key manufacturing data in the region. Brent crude futures and U.S. West Texas Intermediate crude futures (WTI) surged as much as 8% after OPEC+ members agreed to cut more than 1 million barrels

The huge potential and sound development of the Chinese economy will provide broad cooperation space and development opportunities for domestic and foreign investors, a senior Chinese official said Sunday. “Investing in China is investing in the future,” Zheng

Asia-Pacific markets rose on Tuesday after Wall Street staged a relief rally overnight on hopes the banking crisis may be easing, following the $3.2 billion takeover of Swiss bank Credit Suisse by rival UBS. U.S. Federal Reserve’s Federal Open Market

Analysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia. China and Japan have bucked the trend as global central banks hike rates — with the People’s Bank of China keeping its loan prime

Most Asian currencies strengthened on Monday against a weak dollar, while China’s modest growth target and U.S. Federal Reserve Chair Jerome Powell’s looming testimony prompted investors to turn cautious. The South Korean won and the Indian rupee led