Reply To: Traders Market Weekly: Another Year, Another Reset

#50115
Truman
Participant

Stronger than expected industrial production in South Korea in November was offset by reports that semiconductor production fell 15%, marking the largest drop since 2009, and another decline in retail sales.
The Bank of Japan carried out another unscheduled bond purchase operation, focusing a JPY300 bln effort on 5-10yr JGBs.
In related news, Reuters reports that former deputy governor Yamaguchi, who has criticized the BOJ’s current policy, is a potential successor to Governor Kuroda.
China continues to open up with relaxed COVID restrictions, although several countries, including the U.S., will be requiring negative COVID tests before entry for travelers from China, Hong Kong, and Macau.
South Korea’s November Industrial Production +0.4% m/m (expected -0.8%; last -3.5%) and -3.7% yr/yr (expected -4.0%; last -1.2%); November Retail Sales -1.8% m/m (last -0.2%)
Hong Kong’s November exports -24.1% m/m (last -10.4%) and imports -20.3% m/m (last -11.9%)

  • This reply was modified 1 month, 1 week ago by Truman.