{"id":18369,"date":"2023-04-11T05:19:12","date_gmt":"2023-04-11T05:19:12","guid":{"rendered":"https:\/\/www.investorsradar.com\/bank-of-korea-china-inflation-wall-street-tech-stocks-bitcoin\/"},"modified":"2023-04-11T05:19:12","modified_gmt":"2023-04-11T05:19:12","slug":"bank-of-korea-china-inflation-wall-street-tech-stocks-bitcoin","status":"publish","type":"post","link":"http:\/\/www.investorsradar.com\/bank-of-korea-china-inflation-wall-street-tech-stocks-bitcoin\/","title":{"rendered":"Bank of Korea, China inflation, Wall Street tech stocks, bitcoin"},"content":{"rendered":"

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32 minutes ago<\/p>\n

Bank of Korea to start cutting rates in Q1 2024, according to Oxford Economics<\/h2>\n
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Oxford Economics told CNBC that the central bank is likely to keep its benchmark rate at its current 3.5% as core inflation appears to be stable.<\/p>\n
“I think the authorities think they can achieve a slowdown in inflation with the current setup,” said Son Eun-jung of Oxford Economics.<\/p>\n
She added that a rate cut “looks premature” for the central bank, noting that weakening domestic demand has led to lower inflation.<\/p>\n
Oxford Economics expects the central bank to cut the benchmark rate by the first quarter of next year, she said.<\/p>\n
South Korea’s inflation rate was 4.2% compared to a year ago, according to the latest economic data released.<\/p>\n
\u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n
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2 hours ago<\/p>\n
Bitcoin surpasses $30,000 for the first time since June 2022<\/h2>\n
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Bitcoin rose Monday night, breaking above the critical psychological level of $30,000 as investors waited for significant inflation data that could steer crypto prices later in the week.<\/p>\n
According to Coin Metrics, the cryptocurrency with the largest market capitalization rose 7% to $30,193.25 for the first time since June. US consumer and producer prices, released Wednesday and Thursday respectively, will be crucial in determining whether or when the Fed will suspend or end its rate hike campaign.<\/p>\n
Ethereum, meanwhile, is rising ahead of a planned \u201cShanghai\u201d tech upgrade, bringing a wave of selling pressure to the market as funds previously locked in Ethereum are released in the coming weeks. is expected. As an investor ahead of Wednesday’s planned upgrade, it rose more than 3.5% to $1,925.11 for the first time since August.<\/p>\n
For more information, read the full article here.<\/p>\n
\u2014 Tanaya Machel<\/em><\/p>\n<\/div>\n<\/div>\n
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2 hours ago<\/p>\n
Warren Buffett intends to increase stake in Japanese stocks: Nikkei<\/h2>\n
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Warren Buffett told Nikkei he plans to increase his stake in Japanese stocks.<\/p>\n
and Nikkei interview<\/a>Buffett said he was considering additional investments to increase his holdings in five of Japan’s major trading companies, referring to his 7.4% stake in Itochu.<\/p>\n
Buffett’s Berkshire Hathaway boosted its stake in Japan’s largest trading house by at least a percentage point to more than 6%, according to filings last November.<\/p>\n
Mitsubishi Corp shares rose 2.33% in Japan’s morning trading, with Mitsui & Co. up 2.56%, Itochu’s up 2.33% and Marubeni’s up 2.97%. Sumitomo Corporation also rose 2.41%.<\/p>\n
\u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n
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2 hours ago<\/p>\n
Alibaba shares surge 3.12% after ChatGPT-style product announcement<\/h2>\n
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See chart…<\/p>\n
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Alibaba stock performance<\/p>\n<\/div>\n
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Shares of Hong Kong-listed Alibaba rose 3.12% in Tuesday trading after the Chinese tech giant’s cloud computing subsidiary debuted its ChatGPT-style product Tongyi Qianwen.<\/p>\n
Alibaba Cloud said in a statement that Tongyi Qianwen will be rolled out to all Alibaba products from e-commerce to search in the near future. Alibaba has not disclosed a timeline.<\/p>\n
Daniel Zhang, Chairman and CEO of Alibaba Group and CEO of Alibaba Cloud, said: Intelligence, in a statement.<\/p>\n
Alibaba is the latest Chinese company to announce a ChatGPT clone, following Baidu’s Ernie Bot in March. Baidu continued to record losses of over 4% on him.<\/p>\n
\u2014 Sheila Chen<\/em><\/p>\n<\/div>\n<\/div>\n
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3 hours ago<\/p>\n
China Inflation Eases in March, Producer Prices Fall Further<\/h2>\n
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Inflation in China fell short of expectations at 0.7% in March, beating expectations of a 1% rise in the CPI from a year ago.<\/p>\n
The producer price index also fell 2.5% year-on-year after falling 1.4% in the previous month, in line with Reuters forecasts.<\/p>\n
\u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n
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4 hours ago<\/p>\n
Crypto Check: Bitcoin Exceeds $30,000<\/h2>\n
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Cryptocurrencies surged Tuesday morning in Asia, with Bitcoin gaining more than 7% over the past 24 hours to $30,190. coin metrics<\/a>.<\/p>\n
Bitcoin held its highest level since surpassing $30,000 in June last year.<\/p>\n
Ether also rose more than 3.78% to $1,923.59, breaking below $2,000.<\/p>\n<\/div>\n<\/div>\n
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4 hours ago<\/p>\n
South Korea holds interest rates twice at 3.5%.<\/h2>\n
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The Bank of Korea kept rates unchanged at 3.5%, as expected.<\/p>\n
South Korean won rose slightly after moving to 1319.68 against the US dollar.<\/p>\n
With the US Federal Reserve (Fed) seen to maintain its hawkish stance, South Korea, along with the likes of Australia and India, has paused its tightening cycle in a global inflation environment. I’m here.<\/p>\n<\/div>\n<\/div>\n
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3 hours ago<\/p>\n
Oil prices supported as investors offset rate hike fears and OPEC production cuts<\/h2>\n
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Oil prices edged higher in Asian morning trading as traders continue to digest last week’s OPEC production cuts and the possibility of further rate hikes by the Federal Reserve.<\/p>\n
Investors are waiting for Wednesday’s key US inflation data to inform the Fed’s next move.<\/p>\n
Brent crude futures rose 0.21% to $84.36 a barrel and US West Texas Central futures rose 0.26% to $79.95 a barrel.<\/p>\n
Vivek Dahl of the Commonwealth Bank of Australia said Russia remained “an important country to watch” in understanding the extent of the disruption in oil markets.<\/p>\n
\u2013 Li Yingxiang<\/em><\/p>\n<\/div>\n<\/div>\n
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3 hours ago<\/p>\n
Nucrest receives offer from US rival, stock surges<\/h2>\n
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Shares of Australian miner Newcrest Mining rose after it announced it had received a sweet offer from US rival Newmont.<\/p>\n
Nucrest is up more than 6% after the company announced its latest offer from Newmont.<\/p>\n
The revised takeover offer reflects a 16% increase from the original offer, giving Newcrest an implied equity value of A$29.4 billion ($19.5 billion) and an enterprise value of A$32 billion ($21.3 billion) It is included.<\/p>\n<\/div>\n<\/div>\n
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4 hours ago<\/p>\n
Bank of Japan Governor Emphasizes Need to Maintain Easing Policy: Nikkei<\/h2>\n
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Bank of Japan Governor Kazuo Ueda emphasized at his inaugural press conference that the central bank will maintain its unconventional monetary policy. Nikkei<\/a> report.<\/p>\n
He said it was “appropriate” to maintain the central bank’s current yield curve restraint policy and negative interest rate policy given the current economic, financial and price conditions, Nikkei said.<\/p>\n
He added that the BOJ may need to normalize policy if it can hit its 2% inflation target, adding that it is difficult to set a timeline for when the Japanese economy will reach its target. .<\/p>\n
Japan’s core consumer price index rose to 3.1% y\/y in Mar, following a downward trajectory from a 4.2% acceleration in the previous month.<\/p>\n
In early trading on Tuesday, the Japanese yen rose 0.2% against the US dollar to 133.29.<\/p>\n
\u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n
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Friday, April 7, 2023 01:37 EDT<\/p>\n
Bank of Korea expected to suspend second time in April: Reuters<\/h2>\n
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The Bank of Korea is expected to keep its benchmark rate unchanged at 3.5% again in its monetary policy decision on Tuesday, according to a Reuters poll of economists.<\/p>\n
DBS is an outlier in the survey, expecting the BOK to raise interest rates by 25 basis points to 3.75%.<\/p>\n
At its final meeting in February, the central bank of Korea suspended its tightening cycle after raising interest rates seven times in a row since March 2022.<\/p>\n
A Reuters poll expects the central bank to begin cutting interest rates by up to 50 basis points in the first quarter of 2024, with further cuts in the third and fourth quarters of next year.<\/p>\n
\u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n
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4 hours ago<\/p>\n
CNBC Pro: Tesla stock is up more than 70% this year.One market pro is bullish, another is not convinced<\/h2>\n
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Electric car giant Tesla’s stock is up more than 70% this year after falling 65% in 2022, its biggest annual decline ever.<\/p>\n
Is it time to buy stocks? Two investors face off <\/strong>on CNBC’s “Street Signs Asia” Wednesday.<\/p>\n
Pro subscribers can read more here.<\/p>\n
\u2014 Xavier Ong<\/em><\/p>\n<\/div>\n<\/div>\n
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4 hours ago<\/p>\n
CNBC Pro: Goldman Sachs Names 5 Stocks to Buy, 1 Gains More Than 70%<\/h2>\n
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Goldman Sachs has revisited several stock ratings, sticking with some of them and upgrading others in light of recent volatility.<\/p>\n
Some of these stocks have been on Wall Street banks’ confidence buy lists, raising some of their price targets and leading to big gains.<\/p>\n
Below are five of those stocks, three of which are on Goldman’s confidence buy list.<\/p>\n
CNBC Pro subscribers can read more here.<\/p>\n
\u2014 Tan Weizhen<\/em><\/p>\n<\/div>\n<\/div>\n
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10 hours ago<\/p>\n
Why Wall Street sees Samsung production cuts as a tailwind for the industry<\/h2>\n
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Samsung’s move to cut memory chip production could spur a faster-than-expected recovery in the broader memory chip market, according to Wall Street.<\/p>\n
In addition to preliminary results showing a 96% decline in quarterly earnings, the company said Friday it plans to cut production of two types of memory to address supply and demand mismatches.<\/p>\n
Shares of Micron Technology and Western Digital rose more than 8%, with investors seeing the move as potentially positive for competitors. Citi analyst Christopher Danely called the news “extremely positive” for the dynamic random access memory industry.<\/p>\n
Find out why so many on Wall Street are applauding the move.<\/p>\n
\u2014 Samantha Soobin<\/em><\/p>\n<\/div>\n<\/div>\n
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11 hours ago<\/p>\n
Stocks hit their worst in afternoon trading<\/h2>\n
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Stocks broke through the worst levels in afternoon trading. As of 2:13 pm ET, the Dow Jones Industrial Average was up 46 points, or 0.14%. The S&P 500 is down 0.11% for him and the Nasdaq Composite is down 0.28% for him. <\/p>\n
At the session low, the Dow fell 141.86 points (0.42%). The S&P 500 dropped him 0.79% and the Nasdaq dropped him 1.35%. <\/p>\n
\u2014 Sara Min<\/em><\/p>\n<\/div>\n<\/div>\n
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12 hours ago<\/p>\n
Movie theater stocks soar on success of Super Mario Bros. movie<\/h2>\n
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Shares of movie theater chains AMC Entertainment Holdings, Cinemark Holdings and IMAX surged in midday trading Monday following the successful release of the “Super Mario Bros. Movie.” <\/p>\n
Since its April 5 release, the film has grossed over $204 million in the United States. data<\/a> From Box Office Mojo. This film is distributed by Universal Pictures. <\/p>\n
AMC shares were up more than 6% and Cinemark shares were up more than 5%. IMAX stock added 1.9%. <\/p>\n<\/div>\n
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See chart…<\/p>\n
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AMC Stock 1 Day <\/p>\n<\/div>\n
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Disclaimer: Both Universal Pictures and CNBC are owned by NBCUniversal.<\/em><\/p>\n
\u2014 Sara Min<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
32 minutes ago Bank of Korea to start cutting rates in Q1 2024, according to Oxford Economics Oxford Economics told CNBC that the central bank is likely to keep its benchmark rate at its current 3.5% as core inflation appears to be stable. “I think the authorities think they can achieve a slowdown in inflation […]<\/p>\n","protected":false},"author":1,"featured_media":18370,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"slim_seo":[],"footnotes":""},"categories":[17],"tags":[33,369,77,57,2454,123,3024,2046,3023],"class_list":["post-18369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-bank","tag-bitcoin","tag-china","tag-inflation","tag-korea","tag-stocks","tag-street","tag-tech","tag-wall"],"_links":{"self":[{"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/posts\/18369"}],"collection":[{"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/comments?post=18369"}],"version-history":[{"count":0,"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/posts\/18369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/media\/18370"}],"wp:attachment":[{"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/media?parent=18369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/categories?post=18369"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.investorsradar.com\/wp-json\/wp\/v2\/tags?post=18369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}