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    • Japan's June factory activity growth eases on China curbs - flash PMI

      • BY Reuters|
      • Asia-Pacific , Japan |
      • 08:32 PM ET 06/22/2022

      Japan's factory activity growth slowed in June as China's strict COVID-19 curbs took a toll on manufacturing demand, even as service sector sentiment hit a nearly nine-year high on the fading pandemic drag. China's COVID-19 lockdowns have disrupted supply chains, heavily impacting trade-reliant economies such as Japan.

    • China considers extending purchase tax exemption for new energy vehicles

      • BY Reuters|
      • Asia-Pacific , China |
      • 07:53 AM ET 06/22/2022

      China will step up support for automobile consumption and expects vehicle and auto-related consumption to increase by about 200 billion yuan in 2022, state media reported, citing a regular cabinet meeting on Wednesday. China is also considering extending a purchase tax exemption for new energy vehicles, the meeting, chaired by premier Li Keqiang, said.

    • Bangladesh, India race to help millions stranded in deadly flooding

      • BY Reuters|
      • Asia-Pacific , India |
      • 05:24 AM ET 06/22/2022

      Authorities in Bangladesh intensified efforts on Wednesday to deliver food and drinking water to millions of people struggling after heavy rain unleashed catastrophic flooding across a quarter of the country.

    • EMERGING MARKETS-Currencies hit by firm dlr ahead of Fed chair testimony, stocks slip

      • BY Reuters|
      • Asia-Pacific , China |
      • 04:44 AM ET 06/22/2022

      * Powell to begin two-day testimony to Congress. * S.Africa's consumer inflation rises in May. * Czech crown flat ahead of CNB rate decision. * Sri Lanka plans donor conference with China, India, Japan. By Shreyashi Sanyal.

    • Crisis-hit Sri Lanka plans donor conference, interim budget in August

      • BY Reuters|
      • Asia-Pacific , India |
      • 02:51 AM ET 06/22/2022

      Sri Lanka will call China, India and Japan to a donor conference to drum up more foreign assistance and present an interim budget in August, the prime minister said on Wednesday, amid ongoing negotiations with the International Monetary Fund.

    • U.S. business group calls for 'urgent' Taiwan free trade talks

      • BY Reuters|
      • Asia-Pacific , Taiwan |
      • 01:48 AM ET 06/22/2022

      The United States should "urgently" start talks with Taiwan on a free trade agreement with the aim to present a completed text for passage in 2024, the American Chamber of Commerce in Taiwan said in an annual policy paper published on Wednesday.

    • FOREX-Dollar gains on growth fears ahead of Fed chair's remarks

      • BY Reuters|
      • Asia-Pacific , Japan |
      • 01:41 AM ET 06/22/2022

      The safe haven dollar gained ground on most peers on Wednesday as investors turned nervous again about global growth prospects, while the yen hit a fresh 24-year low as elevated bond yields in the U.S. and Europe contrasted with low Japanese interest rates.

    • GLOBAL MARKETS-Stock rally fizzles on revived inflation fears

      • BY Reuters|
      • Asia-Pacific , Japan |
      • 01:31 AM ET 06/22/2022

      Asian stocks slipped across the board on Wednesday, failing to extend Wall Street's rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.39%, still up 1.02% on the more than five-week low it hit on Monday.

    • G20 president Indonesia seeks to ease crisis with Ukraine, Russia visits

      • BY Reuters|
      • Non-Eurozone , Russia , Asia-Pacific , Indonesia |
      • 12:29 AM ET 06/22/2022

      Indonesian President and G20 chairman Joko Widodo will meet leaders of Ukraine and Russia next week to advocate for peace and try to help ease a global food crisis, his foreign minister said on Wednesday, the first such trip by an Asian leader.

    • GLOBAL MARKETS-Asian stocks stumble as Wall St optimism peters out

      • BY Reuters|
      • Asia-Pacific , Japan |
      • 10:50 PM ET 06/21/2022

      Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street's rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1%, but was still up 1.39% on the more than five-week low it hit on Monday.

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    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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