Korea Steps Up Home Supply Push as President Faces Discontent
South Korea raised its cap on household debt growth and pledged more homes in the Greater Seoul area, stepping up efforts to contain a relentless housing rally that’s becoming a political liability for President Lee Jae Myung.
Australia Housing Price Drop Helps Slow Economy, RBA’s Kent Says
A fall in home prices is making financial conditions in Australia more restrictive, according to a senior central bank official, helping efforts to reduce aggregate demand and cool the economy.
GoTo’s Fall From Grace Deepens With Removal From MSCI Indexes
MSCI Inc. removed GoTo Group from its indexes after a plunge in the former Indonesian tech darling’s share price left the stock difficult to trade.
Treasury Wine Shares Jump as China Demand Counters Weak Revenue
Treasury Wine Estates Ltd.’s shares jumped by as much as 6.4% as signs of growth in the vintner’s critical China market outweighed a steep drop in full-year earnings.
Tata Investors Turn Focus to Succession, Strategy as Chairman Set to Step Down
Shares of Tata Group firms lost about $4.5 billion in combined market value on Wednesday.
Prabowo Picks Insiders for Top Indonesia Central Bank Posts
President Prabowo Subianto nominated three senior Bank Indonesia officials to fill the central bank’s top leadership positions, reinforcing expectations of policy continuity after he picked Destry Damayanti as the sole candidate for governor.
Asian Stocks Rise on Tech, Rate-Hike Bets Ease: Markets Wrap
Asian stocks rose as technology shares rallied and a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent snapped a six-day rally.
US Sells 10-Year Debt at Highest Yields Since Financial Crisis
A $42 billion auction of 10-year US Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the US government.
Korean Stocks Rise 23% in 10 Days as Chip Rally Regains Steam
A revival in the global AI trade pushed South Korean stocks toward a technical bull market, marking a dramatic turnaround from last month’s historic rout.
Housing Market Jitters Grip Australia Banks on Cautious Outlook
Banks revealed the extent of the depressed housing market sentiment in Australia this week, dragging down their share prices and underscoring the pressure on profitability.