Chief Correspondent, Asian FX and money markets
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Apr 21, 2015

Stocks firm after China stimulus, euro hit by Greek anxiety

TOKYO (Reuters) – Asian stocks were firm on Tuesday after China’s latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.3 percent, with the dollar’s gains against some Asian currencies offsetting a rise in stock prices in local currency terms.

Apr 21, 2015

Asian stocks firm after China stimulus, euro hit by Greek anxiety

TOKYO (Reuters) – Asian stocks were firm on Tuesday after China’s latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 percent, with the dollar’s gains against some Asian currencies offsetting a rise in stock prices in local currency terms.

Mar 13, 2015

Oil helps Asian central banks stray from Fed’s shadow

SINGAPORE (Reuters) – Asian central banks are running their own race on monetary policy for the first time in decades, cutting interest rates with a breezy confidence that is absent from other big emerging markets, thanks largely to weak oil prices.

As recently as 2013, when the U.S. Federal Reserve hinted that it would start tapering its loose money policy, which would typically suck capital out of emerging markets and into dollar assets, Asian central banks rushed to raise rates to keep hold of that money.

Mar 9, 2015

Strong U.S. jobs data raises odds of Fed rate rise, hits Asian stocks

TOKYO (Reuters) – Asian stocks buckled while the dollar held firm on Monday after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought.

Stock markets across Asia, including Japan’s Nikkei, Australia, Malaysia and Indonesia fell broadly, with MSCI’s broadest index of Asia-Pacific shares outside Japan dropping 1.2 percent.

Mar 9, 2015

Strong U.S. jobs data raises odds of Fed rate rise, hits stocks

TOKYO (Reuters) – Asian stocks buckled while the dollar held firm on Monday after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought.

Stock markets across Asia, including Japan’s Nikkei .N225, Australia, Malaysia and Indonesia fell broadly, with MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropping 1.2 percent.

Feb 18, 2015

China calls the shots in Asia’s currency war

SINGAPORE (Reuters) – As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown.

The urgency with which Asian central banks are cutting interest rates is an indication of not just the deflationary forces they are seeing but also recognition that if China weakens the yuan, their policy options will be severely limited.

Jan 22, 2015

Asian shares near eight-week highs as ECB looms large

TOKYO (Reuters) – Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day in an attempt to revive the flagging euro zone economy.

The euro was quieter ahead of the ECB decision after the previous day’s wide ranges, while the Canadian dollar stole the spotlight after plunging to a nearly six-year low following the Bank of Canada’s surprise move to slash its overnight rate to help cushion the economy from recently plunging oil prices.

Jan 20, 2015

Red lights blinking on Malaysia’s economic dashboard

SINGAPORE (Reuters) – Tumbling oil prices are putting pressure on Malaysia’s commodity-driven economy, not merely by hurting its exports and currency but more so by putting an unwelcome spotlight on the huge debts that the country runs.

Malaysia, a major exporter of liquefied natural gas and oil, is suddenly faced with the risk that the cheapness of oil and other commodities will drive the current account into a deficit.

Jan 11, 2015

Oil-driven Asian bond rally could boomerang

SINGAPORE (Reuters) – Plunging oil prices have sparked a big rally in Asian government bond markets as lower fuel costs cut inflation expectations, but the rally could be built on shallow foundations as monetary policymakers remain out of step with tumbling bond yields.

The price of oil, of which Asia is a net importer, has halved in less than six months, driving bond yields down across the region, from India to South Korea, as markets anticipate looser monetary policy to accommodate the resulting disinflation.

Nov 20, 2014

Aberdeen stays conservative in Asia, despite earnings slowdown

SINGAPORE, Nov 20 (Reuters) – Aberdeen Asset Management will
avoid riskier bets and stay conservative in its Asia picks
despite a drop in earnings growth at its portfolios and fund
outflows, the money manager’s Asia chief said on Thursday.

“Typically, a characteristic of our portfolios is that they
are pretty conservative. We tend not to play at the Alibaba end
of the spectrum,” Hugh Young, Aberdeen’s global head of equities
and managing director of its Asian business, told the Reuters
Global Investment Outlook Summit.

    • About Vidya

      "Vidya Ranganathan joined Reuters in 1998, prior to which she worked in the dealing room of Societe Generale in Mumbai for 3 years, selling treasury products to customers. Of her 11 years at Reuters, the first 4 years were in Mumbai, where she wrote about the Indian rupee and economics and also worked with the fixed income association in developing some of the benchmarks for the swap market. Vidya moved to Singapore in 2002, and has since been regularly reporting and analyzing Asian non-deliverable forwards and currencies, inflation, interest rates and the whole range of emerging Asian economics."
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