Australia's central bank hikes rates by 25 basis points; Asia-Pacific markets mixed
Publishing timestamp: 2023-05-02 04:03:23
Summary
The Reserve Bank of Australia unexpectedly raised its cash rate by 25 basis points to 3.85%, causing the Australian dollar to strengthen. Asia-Pacific markets were mixed, with Japan's Nikkei 225 advancing and South Korea's Kospi closing up. HSBC reported record revenue and net profit for Q1, while DBS Group Holdings also reported strong earnings. Private surveys showed that factory activity across five Asean countries mostly rose in April, except for Malaysia. SoftBank's chipmaker Arm confidentially filed for a US stock market listing, rekindling speculation about a management buyout of SoftBank. The US dollar climbed against the Japanese yen, hitting its highest level since March. The Institute for Supply Management reported that US manufacturing activity contracted for the sixth straight month in April, though by less than expected.
Sentiment: NEUTRAL
Tickers: DBSM-SG, .AXJO, .DJI, .KS11, BABA, .SSEC, AU10Y-AU, 5-HK, .DXY, @CL.1, .SPX, ZION, FHN, FRC, .SZI, AUD=, .HSI, JPY=, WAL, JPM, KRE, .IXIC, .N225, @LCO.1, PACW,
Keywords: south korea, business news, ice brent crude (apr'23), s&p/asx 200, australian dollar/us dollar fx spot rate, nikkei 225 index, breaking news: asia, asia economy, breaking news: markets, hang seng index, markets, usd/jpy, shanghai, world markets, economic events, wti crude (mar'23), jpmorgan chase & co, shenzhen component index, australia, kospi index, dxy us dollar currency index,
Source: https://www.cnbc.com/2023/05/02/asia-markets-australia-to-announce-interest-rate-decision-.html