Asian Stocks Eye Sluggish Start After China Data: Markets Wrap
Asian stocks swung between gains and losses with sentiment influenced by poor Chinese data and optimism over reports the country will start selling ultra-long bonds.
Asian stocks swung between gains and losses with sentiment influenced by poor Chinese data and optimism over reports the country will start selling ultra-long bonds.
South Korean authorities unveiled measures to orchestrate an “orderly soft landing” for real estate project-finance debt, as rising delinquency rates in the sector threaten to be a drag on the economy.
China will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds on Friday as it seeks to raise funds to support the world’s second-biggest economy.
Amazon.com Inc., Pfizer Inc. and Morgan Stanley are among the companies poised to boost their presence in France, with a flurry of new foreign investments to be unveiled Monday.
Since the start of Russia’s invasion of Ukraine, Europe and its allies have looked for ways to curb Moscow’s fossil fuel revenues without inflicting higher energy costs on their own citizens. The latest plan: ban use of European Union ports for re-exporting liquefied natural gas.
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