Asian shares rallied on Tuesday as Beijing's latest move to support developers boosted the property sector and rumours swirled that recent public unrest might prompt an earlier loosening in COVID-19 restrictions.
"The zero China COVID policy has been an absolute gut punch to Apple's supply chain," said Daniel Ives, an analyst at Wedbush.
That heightened tensions ahead of speech by Fed Chair Jerome Powell on Wednesday that is shaping up to be a major messaging event as markets yearn for a pivot on policy."We envision him basically confirming a slower pace of hikes at the December meeting, which is almost entirely priced in," said Jan Nevruzi, an analyst at NatWest Markets. "But we also think he will reiterate that the Fed intends to stay in restrictive territory through next year.
The Fed is not alone in being hawkish, with European Central Bank President Christine Lagarde warning that euro zone inflation has not peaked and could go even higher.Figures for inflation in Germany and Spain are due later on Tuesday, ahead of the main euro zone report on Wednesday. The dollar dipped to 138.65 yen , after briefly touching a three-month trough of 137.50 overnight. The dollar index eased 0.3% to 106.29 , but had been as low as 105.31 the previous session.
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China set to launch Shenzhou-15 spacecraft to its space station on TuesdayChina will launch the Shenzhou-15 spacecraft to its space station at 11:08 p.m. (1508 GMT) on Nov. 29, the China Manned Space Agency said on Monday, the final mission in the country's plan to complete the crewed orbital outpost.
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China rocket taking 3 to space station to blast off TuesdayThe station’s third and final module docked with the station earlier this month, one of the last steps in China’s more than decade-long effort to maintain a constant crewed presence in orbit.
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Asia shares take comfort in China property rallyAsian shares edged higher on Tuesday as Beijing's latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China's zero-COVID policy might do to the economy.
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Asian shares rise except Japan as markets eye China protestsAsian shares are trading mostly higher as market jitters decline over protests in China set off by growing public anger over COVID-19 restrictions
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Asian markets largely rise as investors weigh effects of China protestsAsian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions.
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Asian markets fall as China protests, lockdowns cloud outlookShares skidded in Asia on Monday, with Hong Kong briefly dipping more than 4% following weekend protests in various cities over China’s strict zero-COVID...
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