Asia-Pacific markets opened in the green on Monday on improved risk sentiment, but investors are eagerly awaiting US inflation data later this week.
Japan’s Nikkei and Australia’s ASX rose over 1% at the open on Monday, while markets in mainland China and Hong Kong were closed for the Mid-Autumn Festival.
currency: The Japanese government must take steps to prevent the yen from falling excessively, a senior government official said Sunday, as the currency falls to its weakest level against the dollar in 24 years, reports said Reuters. The yen touched as low as 144.99 against the dollar on Wednesday before erasing losses. The USD/JPY pair was last traded at 142.54 on Monday.
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macro news: That biden The government plans to expand restrictions on U.S. shipments to China of semiconductors used in artificial intelligence and chip-making tools next month, the report reported Reuters.
China’s auto sales rose 32.1% to 2.38 million units in August, led by electric vehicles (EV), whose sales were boosted by government stimulus, reported Reuters.
corporate news: Ubisoft Entertainment S.A UBSFY is still open for other partners to book a deal with Tencent Holdings will increase his stake in the company, co-founder and CEO Yves Guillemot said, reported Reuters.
no inc NEVER has set up more than 1,100 battery swapping stations in China and aims to set up more than 1,300 stations in China by the end of this year, the reported CnEVPost. Shares of the company ended Friday’s Hong Kong session up 5.7%.
alibaba group holding ltd BABA maintained its position as one of the leaders in China’s cloud market, last week’s data showed. The company’s Hong Kong shares closed nearly 3% higher on Friday.
Global News: US futures were trading in the green in Asia on Monday morning. Dow Jones futures were up 0.06%, while Nasdaq futures were up 0.1%. The S&P…
