Jerry Lin
The Latest
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Muted Market Reaction as Hong Kong Gears Up for Spot Crypto ETF Listings
Hong Kong is set to debut a batch of exchange-traded funds (ETFs) that invest directly in cryptocurrencies on Tuesday, potentially challenging the United States' dominance in the crypto investment product market. The launch comes amid a revival in digital asset prices, with Bitcoin and Ether having rallied significantly since the start of the year, though the recent market reaction has been relatively muted. 
Hong Kong is set to debut a batch of exchange-traded funds (ETFs) that invest directly in cryptocurrencies on Tuesday, potentially challenging the United States' dominance in the crypto investment product market. The launch comes amid a revival in digital asset prices, with Bitcoin and Ether having rallied significantly since the start of the year, though the recent market reaction has been relatively muted. -
Chinese Property Shares Surge on Anticipation of New Stimulus Measures
Shares of Chinese property developers experienced a significant rally on Monday, driven by expectations of forthcoming stimulus measures aimed at revitalizing the struggling real estate sector. The Hong Kong Hang Seng Mainland Properties Index and the mainland China CSI 300 Real Estate Index surged to near four-month highs, climbing 4.3% and 6.9% respectively in morning trading. 
Shares of Chinese property developers experienced a significant rally on Monday, driven by expectations of forthcoming stimulus measures aimed at revitalizing the struggling real estate sector. The Hong Kong Hang Seng Mainland Properties Index and the mainland China CSI 300 Real Estate Index surged to near four-month highs, climbing 4.3% and 6.9% respectively in morning trading. -
Japanese Yen Surges Against U.S. Dollar Amid Suspected Intervention by Authorities
The Japanese yen experienced a sudden surge against the U.S. dollar on Monday, with traders citing suspected intervention by Japanese authorities to support the currency, which has been languishing at levels last seen over three decades ago. The dollar fell sharply to a low of 154.40 yen from as high as 160.245 earlier in the day, with banking sources reporting Japanese banks selling dollars for yen. 
The Japanese yen experienced a sudden surge against the U.S. dollar on Monday, with traders citing suspected intervention by Japanese authorities to support the currency, which has been languishing at levels last seen over three decades ago. The dollar fell sharply to a low of 154.40 yen from as high as 160.245 earlier in the day, with banking sources reporting Japanese banks selling dollars for yen. -
Bank of Japan Maintains Low Rates, Signals Readiness for Future Hikes as Inflation Outlook Improves
The Bank of Japan (BOJ) kept interest rates around zero on Friday and signaled its readiness to hike borrowing costs later this year, as it highlighted a growing conviction that inflation was on track to durably hit its target of 2% in the coming years. However, the lack of clear guidance on the future rate hike path triggered a broad-based decline in the yen, pushing it down to a fresh 34-year low near 157 to the dollar and keeping markets on edge over a currency intervention. 
The Bank of Japan (BOJ) kept interest rates around zero on Friday and signaled its readiness to hike borrowing costs later this year, as it highlighted a growing conviction that inflation was on track to durably hit its target of 2% in the coming years. However, the lack of clear guidance on the future rate hike path triggered a broad-based decline in the yen, pushing it down to a fresh 34-year low near 157 to the dollar and keeping markets on edge over a currency intervention. -
Fed's Preferred Inflation Measure Remains Elevated in March, Dampening Hopes for Rate Cuts
The Federal Reserve's closely watched inflation gauge, the personal consumption expenditures (PCE) price index, remained elevated in March, indicating that price pressures are not easing as quickly as policymakers had hoped. 
The Federal Reserve's closely watched inflation gauge, the personal consumption expenditures (PCE) price index, remained elevated in March, indicating that price pressures are not easing as quickly as policymakers had hoped. -
US Treasury Yields Hit Yearly Highs as Rate Cut Expectations Shift to December
As the latest economic indicators roll in, U.S. Treasury yields have reached the highest levels seen this year, signaling a shift in investor expectations regarding the Federal Reserve's monetary policy timeline. The rise in yields, particularly evident in the 10- and 30-year bonds, underscores growing concerns about persistent inflation despite signs of slowing economic growth. 
As the latest economic indicators roll in, U.S. Treasury yields have reached the highest levels seen this year, signaling a shift in investor expectations regarding the Federal Reserve's monetary policy timeline. The rise in yields, particularly evident in the 10- and 30-year bonds, underscores growing concerns about persistent inflation despite signs of slowing economic growth. -
U.S. GDP Grows at 1.6% in First Quarter, Falling Short of Analysts’ Forecasts
According to the Bureau of Economic Analysis's advance estimate, the gross domestic product (GDP) increased at an annualized rate of 1.6%, a sharp deceleration from the 3.4% growth recorded in the previous quarter and below the Bloomberg-surveyed economists' projection of 2.5%. 
According to the Bureau of Economic Analysis's advance estimate, the gross domestic product (GDP) increased at an annualized rate of 1.6%, a sharp deceleration from the 3.4% growth recorded in the previous quarter and below the Bloomberg-surveyed economists' projection of 2.5%. -
U.S. Prosecutors Seek 36-Month Prison Sentence for Ex-Binance CEO Changpeng Zhao Over Money Laundering Charges
U.S. prosecutors are pushing for a 36-month prison sentence for Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, following his guilty plea to violating laws against money laundering. 
U.S. prosecutors are pushing for a 36-month prison sentence for Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, following his guilty plea to violating laws against money laundering. -
U.S. New Home Sales Surge in March Despite Elevated Mortgage Rates, Outpacing Expectations
According to government figures released Tuesday, new home sales, which account for about 14% of the U.S. home sales market, jumped 8.8% last month to a seasonally adjusted annual rate of 693,000, the highest level since September. 
According to government figures released Tuesday, new home sales, which account for about 14% of the U.S. home sales market, jumped 8.8% last month to a seasonally adjusted annual rate of 693,000, the highest level since September. -
Gold Sees Temporary Dip but Long-Term Outlook Remains Bullish, Experts Say
Gold prices extended losses for a second day on Tuesday, hitting a more than two-week low as fears of escalating tensions in the Middle East subsided, prompting investors to book profits ahead of key U.S. economic data this week. Spot gold fell 0.3% to $2,318.90 per ounce, while U.S. gold futures slipped 0.6% to $2,331.80. 
Gold prices extended losses for a second day on Tuesday, hitting a more than two-week low as fears of escalating tensions in the Middle East subsided, prompting investors to book profits ahead of key U.S. economic data this week. Spot gold fell 0.3% to $2,318.90 per ounce, while U.S. gold futures slipped 0.6% to $2,331.80.
