Page 4 - Asian Economy

Asian shares drop as Russia's Putin orders troops into eastern Ukraine

Shares fell sharply in Asia on Tuesday after Russian President Vladimir Putin ordered troops into separatist regions of eastern Ukraine, suggesting a long-feared invasion was possibly underway. Tokyo's Nikkei 225 index dropped 1.8per cent and the Hang Seng in Hong Kong fell 3.2per cent in early trading. Oil prices jumped, with U.S. crude up 2.8per cent. The future for the S&P 500 dropped 1.5per cent while the contract for the Dow industrials lost 1.3per cent. U.S. markets were closed Monday for Presidents Day. In Europe, shares slipped Monday as investors awaited developments in the Ukraine crisis. Germany's DAX gave up 2.1per cent. In Paris, the CAC 40 in Paris declined 2per cent. Britain's FTSE 100 fell 0.3per cent. Russia's MOEX index dropped nearly 11per cent. The ruble was down 3.2per cent against the U.S. dollar. Western powers fear Russia might use skirmishes in Ukraine's eastern regions as a pretext for an attack on the democracy, which has defied Moscow's attempts to pull

India to overtake Japan as Asia's 2nd largest economy by 2030: IHS

Currently, India is the sixth-largest economy in the world, behind the US, China, Japan, Germany and the United Kingdom

Asia's factory activity grows in Dec as firms take Omicron risks in stride

For now, the direct hit from Omicron on output appeared subdued, according to surveys released on Monday and Tuesday.

We're overweight India in Asian equity portfolio: Manishi Raychaudhuri

The key risks in 2022 are the possible 'overtightening' of monetary policy by central banks and the spread of new Covid variants

World Bank lifts China view, slashes Asia outlook on Delta wave

Pandemic may do lasting damage in Asia Pacific, says lender

Asia factory activity cools in Aug as coronavirus disrupts supply chains

China's factory activity slipped into contraction in August for the first time in nearly 1-1/2 years.

Covid-19 pushes 80 million people in Asia into extreme poverty: ADB

Covid-19 pandemic has pushed an estimated 75 million to 80 million more people in developing Asia into extreme poverty as of last year compared with what would have happened without Covid, ADB said

Delta variant blow knocks wind out of Asia's economic recovery

The rapid spread of the infectious Delta variant and low vax rates have caught much of the region off-guard, especially in emerging markets, even as economies in Europe and North America reopen

Singapore raises 2021 GDP estimate, now expects growth of 6%-7%

Among nine economists surveyed by Bloomberg who updated their Singapore GDP forecasts this month, six saw growth exceeding 6%.

India to Indonesia: Asian economies challenged by Delta Covid variant

In India, where the delta strain was first identified last year, a deadly second wave is ebbing but its fallout is substantial.

ADB trims developing Asia's 2021 economic growth forecast to 7.2%

Developing Asia's economic growth this year will be slightly lower than previously projected, Asian Development Bank said on Tuesday, citing the resurgence of Covid-19 infections in countries

Asia's highest default risk puts spotlight on Sri Lanka debt worry

The first test comes July 27, when the South Asian nation must repay a $1 billion bond to investors.

What inflation? Pandemic leaves emerging Asia's consumer recovery behind

Asia's once fast-growing economies are struggling with weak domestic demand that is keeping a lid on inflation in contrast to some developed markets

IMF paints a rosy picture, says Asia's economy to grow 7.6% in 2021

The IMF expects Asia's economy to grow 5.4 per cent in 2022

India, Philippines most vulnerable in a taper tantrum-like scenario: S&P

One mitigating factor for both countries is that current accounts are stronger relative to normal levels, notes S&P

India and Philippines most vulnerable to risks of a 'taper tantrum': S&P

S&P Global Ratings on Wednesday said the recovery across Asia's emerging economies would withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock. US yields are rising mostly due to expectations of higher growth, rather than fears of imminent tightening, or monetary-policy shock. This time around, initial conditions in Asia are sturdier than they were in 2013, the rating agency said. It said current account surpluses, low inflation (for the most part), higher real interest rates, and fatter foreign-exchange reserve buffers give regional policymakers more flexibility and should allow central banks to remain focused on supporting recovery. "The recovery across Asia's emerging economies should withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock," S&P Global Ratings Asia-Pacific Chief Economist Shaun Roache. The US-based agency, however, said ...

Asian equities face outflows in February due to rise in US bond yields

Taiwan and South Korea witnessed the biggest net sales

Malaysia unveils $3.7 billion package as Covid-19 pandemic cases surge

The measures come a week after Malaysia declared a state of emergency, allowing the government to enact immediate laws to contain the pandemic and support the economy

Asia's unequal recovery sounds warning bells for global economic rebound

Asia is an important barometer for the world economy because it accounted for more than two-thirds of global growth in 2019 and is home to a majority of those between the ages of 15-24

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

The bank said the region this year is projected to grow by only 0.9%, the lowest rate since 1967