Asian stock markets climbed in broad-based buying on Monday, led by gains in technology shares and chipmakers amid renewed optimism around artificial intelligence, while investors also assessed China’s decision to keep key lending rates unchanged.
Recent reports from ANRPC member nations suggest that global natural rubber (NR) production is anticipated to increase modestly by 1.3% in 2025 compared to 2024, following a downward adjustment in Indonesia’s production noted in the previous publication. At the same time, NR demand is projected to rise by 0.8% in 2025, supported by a revised estimate of Indonesia’s consumption from the latest publication. Market sentiments appear to be mixed, with some signs of recovery in the tyre trade in certain regions.
Source : ANRPC
Malaysia’s exports increased 7% year-over-year in November, falling short of market expectations, according to government data released Friday.
The Bank of Japan on Friday hiked interest rates by 25 basis points as expected and said that it was prepared to raise rates further if economic conditions improved and inflation remained heady.
China on Thursday split off a Belgium-sized island with an economy comparable to a mid-sized country from the mainland for customs processing, part of a bid to join a major trans-Pacific trade deal and establish a new Hong Kong-style commercial hub.
Most Asian stocks rose on Friday, buoyed by a rebound in technology shares from bruising losses over the past week, while markets showed limited reaction to an in-line rate hike by the Bank of Japan.