SYDNEY : Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy.MSCI's broadest index of Asia-Pacific shares outside Japan rose 2.0 per cent to a five-month top, with South Korean shares gaining 2.2 per ce
SYDNEY : Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy.
Japan's Nikkei was closed for a holiday but futures were trading at 26,215, compared with a cash close on Friday of 25,973. "Excluding Energy, S&P 500 EPS is expected to fall 5 per cent, driven by 134 bp of margin compression," wrote analysts at Goldman Sachs."Entering reporting season, earnings revision sentiment is negative relative to history.
In Asia, Beijing has now opened borders that had been all but shut since the start of the COVID-19 pandemic, allowing a surge in traffic across the nation. That will make investors ultra sensitive to anything Fed Chair Jerome Powell might say at a central bank conference in Stockholm on Tuesday. "In context, it should still be seen as a Fed that is still likely to hike a few more times and then hold rates high until inflation's decline is guaranteed - to us that means a 5-5.25 per cent funds rate."
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Asia shares rally on US rate hopes, China reopeningSYDNEY : Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 per cent, with South Korean shares gaining 1.1 per cent.Japan's Ni
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Asia shares rise on US rate bets, China reopeningSYDNEY : Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy.MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 per cent to a five-month top, with South Korean shares gaining 2.1 per ce
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Rain delays start of day four in Sydney, outlook brighterSYDNEY : The start of the fourth day of the third test between Australia and South Africa was delayed by light rain on Saturday but the outlook looked bright for some play at the Sydney Cricket Ground.No action was possible on Friday as heavy rains swept in from the Pacific Ocean but the forecast for the
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Sydney's Corica frustrated after nine-man Phoenix claim pointsSydney FC coach Steve Corica was left bewildered by his side's 1-0 defeat against nine-man Wellington Phoenix, with Adam Le Fondre missing a pair of injury-time penalties in the loss on Saturday.Oskar Zawada's 10th-minute goal earned the New Zealand-based Phoenix three points in an eventful clash in Sydne
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South Africa frustrate Australia after following on in SydneySYDNEY : Australia dismissed South Africa for 255 after lunch on the final day of the third test on Sunday, taking a first-innings lead of 220 and enforcing the follow on. The hosts declared on 475 for four in their first innings on Saturday in pursuit of a victory that would give them a 3-0 series sweep
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Commentary: Asia-Pacific’s submarine aspirations make regional waters more congested - and riskierSubmarines are often seen as a force multiplier against stronger foes, but expanding fleets and new aspirations require Asia to think of managing the maritime risks, says the S Rajaratnam School of International Studies’ Collin Koh.
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