Asian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions.
Japanese government data released Tuesday showed that the unemployment rate for October was unchanged from September at 2.6%. Separately, data released by another ministry showed a slight increase in the number of available jobs per job-seeker at 1.35. The increase has continued for 10 months.Japanese government data released Tuesday showed that the unemployment rate for October was unchanged from September at 2.6%.
Although market sentiment has been weighed down by recent demonstrations in China, some analysts noted calm could return in coming sessions. The world’s second largest economy has been stifled by a “zero COVID” policy which includes lockdowns that continually threaten the global supply chain. “A lot of people are worried about what the fallout will be, and basically are using that as an excuse to take some recent profits,” he said.
The fallout from the collapse of crypto exchange FTX continued. Cryptocurrency lender BlockFi is filing for Chapter 11 bankruptcy protection. Cryptocurrency exchange Coinbase Global COIN fell 4% and the price of bitcoin BTCUSD slipped 2.1%. Anxiety remains high over the ability of the Federal Reserve to tame inflation by raising interest rates without going too far and causing a recession. The central bank’s benchmark rate currently stands at 3.75% to 4%, up from close to zero in March. It has warned it may have to ultimately raise rates to previously unanticipated levels to rein in high prices on everything from food to clothing.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China reports another daily record of COVID cases as protests ripple across ChinaChina reported a fifth straight daily record of 40,347 new COVID-19 infections on Nov. 27, of which 3,822 were symptomatic and 36,525 were asymptomatic, the National Health Commission said on Monday.
Baca lebih lajut »
Got a weird COVID-19 symptom? You’re not alone.From COVID tongue to COVID toe, doctors have seen some bizarre cases. COVID19 COVID CovidIsntOver COVIDSymptoms
Baca lebih lajut »
Asian Stock Market: China’s anti-Covid curb protests hurt sentiment, oil refreshes 11-month lowAsian Stock Market: China’s anti-Covid curb protests hurt sentiment, oil refreshes 11-month low – by Sagar_Dua24 Asia Coronavirus Nikkei RiskAversion Oil
Baca lebih lajut »
White House weighs in as China gripped by large-scale protests over Xi's COVID-19 policiesThe Biden administration offered support on Monday for peaceful protesters in China who spilled into the streets over the weekend to demonstrate against Beijing’s “zero COVID” strategy for containing the deadly pandemic.
Baca lebih lajut »
More anti-COVID protests in China triggered by deadly fireMany protests could not be immediately confirmed, but in Shanghai, police used pepper spray to stop around 300 protesters who had gathered at Middle Urumqi Road at midnight, bringing flowers, candl…
Baca lebih lajut »
More anti-COVID protests in China triggered by deadly fireTAIPEI, Taiwan (AP) — Protests against China’s restrictive COVID-19 measures appeared to roil in a number of cities Saturday night, in displays of public defiance fanned by anger over a deadly fire in the western Xinjiang region.
Baca lebih lajut »