Author: Ibrahim Rahman
Ibrahim Rahman
Currency swings across Southeast Asia and the ripple effects of Fed policy on emerging Asian economies are where Ibrahim spends most of his working hours. He studied economics in Kuala Lumpur before relocating for a financial reporting fellowship, and has since built a reputation for calling market moves before the wire services do. Multilingual and well-traveled, he's covered market open in three time zones in a single week more than once. He collects vintage stock tickers as a hobby, somewhat fittingly.
SHANGHAI [Sep 10]: Foreign investors returned to Asian equities in August, ending a nine-month run of net selling as technology shares tied to artificial intelligence regained appeal following a sharp July decline and stronger-than-expected corporate earnings. Investors purchased a net $4.72 billion of stocks across Taiwan, South Korea, India, Indonesia, Thailand, Vietnam and the Philippines during August, according to LSEG data. Regional equities have attracted another $1.52 billion in foreign investment through Tuesday’s close this month. The MSCI Asia-Pacific index excluding Japan climbed 3.01% in August after falling to a three-and-a-half-month low of 797.6 in July. Optimistic forecasts from major…
China’s exports accelerated sharply in August, supported by strong international demand for artificial intelligence and other high-technology products, offering an important source of momentum as weak domestic activity continues to weigh on the economy. Exports rose 25% year on year in U.S. dollar terms last month, according to customs data released Tuesday. The increase matched market expectations and marked an acceleration from July’s 23.9% growth. Imports also remained strong, climbing 28.2% from a year earlier, compared with 27.5% growth in July. Economists had expected imports to increase by around 30%. The latest figures underscore the growing gap between China’s resilient…
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