Hong Kong stocks fall more than 2%, leading losses in the wider Asia-Pacific markets fell as investors digest China's inflation and trade data for September.came in flat, lower than a 0.2% climb which analysts polled by Reuters expected. China also reported a 2.
China's exports have fallen on a year-on-year basis every month this year starting in May. The last positive print for imports on a year-on-year basis was in September last year.The consumer price index was flat on an annual basis in September, data from the National Bureau of Statistics showed. It was below the median estimate for a 0.2% increase in a Reuters poll.
It guides the Singapore dollar against an undisclosed basket of currencies of its major trading partners, adjusting the pace of its appreciation or depreciation by tweaking the slope, width and center of the currency band. The Monetary Authority of Singapore does not disclose any detail relating to this band.
"Growth was supported by expansions in both public and private sector construction output," a statement from the Ministry of Trade and Industry said. Over the medium, Senyek believes the lagged effect of the Fed's rate hikes since March 2022 will eventually"spark economic disappointments, rising recession concerns and a downward EPS revision cycle in the months ahead," and that declining interest rates will be insufficient to offset the downward bias.A Zomato delivery driver in New Delhi, India.
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