Shares of Australia’s big four banks surged in Sydney trading, after Scott Morrison’s center-right government pulled off a shock election win, killing opposition plans to wind back tax breaks for property and stock market investors.
Victory wouldn’t solve all the economic problems India’s prime minister has thus far left unresolved.
Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
The People’s Bank of China warned that the escalating trade war could destabilize the global economy, and vowed to continue with targeted stimulus at home while keeping the currency steady.
Alphabet Inc.’s Google will end business relationships that involve the transfer of non-public hardware, software and technical services to Huawei Technologies Co. because of a Trump administration crackdown on the telecom giant, according to a person familiar with the situation.
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