The yen rallied sharply on Monday amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.
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Strategists say the coordinated intervention between Japan and the US increases the risk for anyone betting against the yen and puts pressure on Japanese stocks. President Donald Trump said the US joined a currency-market intervention that lifted the Japanese currency last week as a sign of friendsh
CXMT Corp. is one of the most polarizing stocks in Asia, with the range of analyst opinions delineating the key arguments driving volatility in the memory-chip stock trade.
Treasury Secretary Scott Bessent’s championing of a Federal Reserve facility Japan can use to boost the yen comes with the benefit of protecting the US bond market from excess sales.
Chinese government bond futures began trading in Hong Kong on Monday, marking authorities’ third attempt to use the hedging tool to further open up the country’s debt market.
China’s manufacturing activity for export-oriented firms unexpectedly slowed in July, according to a private survey, adding to signs of economic weakness.
Adriel Chan, Chairman of Hang Lung Properties, says the recovery in Hong Kong's commercial real estate sector feels "very real." He discusses the industry and the company's outlook exclusively on "Bloomberg: The China Show." (Source: Bloomberg)
What in the World!
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