Reply To: Traders Market Weekly: Markets Rupture with Soaring yields and Fund Outflows

#44599
Truman
Participant

The Bank of Japan announced an unscheduled JPY250 bln bond buying operation.
South Korea’s science ministry reportedly warned that the country’s chip industry is being impacted by the current economic environment.
World Bank lowered its forecast for 2022 growth in China to 2.8% from 5.2%.
New Zealand’s finance ministry expects inflation to moderate and begin trending downward this quarter.
China’s August Industrial Profit -2.1% YTD (last -1.1%)
Japan’s August Corporate Services Price Index 1.9% yr/yr (expected 2.4%; last 2.0%)
South Korea’s September Consumer Confidence 91.4 (last 88.8)