Asia-Pacific Markets Cautious, Awaiting Chinese Inflation Clue.

On Monday, stocks in the Asia-Pacific region saw a decline, with investors awaiting Chinese inflation data. The upcoming week is not expected to bring any significant economic data releases from the region. Notable data points to monitor include China's benchmark lending rate (LPR), which is projected to remain at 3.1% for the one-year rate and 3.6% for the five-year LPR. Japan will release its trade data on Tuesday and the headline inflation figure for October on Friday. The minutes of the meeting of the Reserve Bank of Australia held in the previous month will be released on Tuesday. In early trading, Japan's Nikkei 225 declined by 1.16%, while the Topix fell by 0.65%. South Korea's Kospi rose by 1.06%, and Australia's S&P/ASX 200 declined by 0.33%. Hong Kong's Hang Seng Index (HSI) futures indicated a slightly stronger open compared to the previous close.

Mayoritas Pasar Asia Anjlok, Investor Tunggu Data Inflasi China

Yen Weakens After BOJ Governor Ueda Delays Rate Hike Plan.

Bank of Japan (BOJ) Governor Kazuo Ueda did not provide any clear indications of a rate hike plan at the upcoming December meeting, which resulted in a weakening of the yen. Ueda indicated that the timing of the next policy adjustment would depend on economic conditions, prices, and financial conditions, maintaining flexibility in his approach. The market had anticipated a more hawkish stance, resulting in a 0.5% decline in the value of the yen against the US dollar and lower benchmark bond yields. Based on current data, there is an estimated 54% probability of a rate hike in December. Ueda reaffirmed that should the BOJ's economic activity and price projections materialize, the benchmark rate will continue to be increased. However, he emphasized the importance of monitoring various risks, including the potential impact of developments in the US economy. In sum, Ueda's remarks indicate that the BOJ is moving towards a higher interest rate environment, but with a cautious approach.

Arah Gubernur Bank Sentral Jepang (BoJ) Soal Kenaikan Suku Bunga Acuan

China removes export rebate, new step to address global trade tensions.

China has announced a new export tax policy that will end the tax rebate for aluminum and copper exports and reduce the rebate for other products, including refined oil, batteries, and non-metallic mineral products. The policy, which will take effect in December, represents a strategic move by China to address global concerns about its excessive production capacity. The change in tax policy reflects a shift in China's trade policy towards aligning with global needs and interests, with the aim of mitigating rising trade tensions. The move is expected to have a significant impact on global trade, particularly for China's major trading partners. China has traditionally relied on export tax rebates to bolster the competitiveness of its products in the global market. The new measures indicate a shift in China's trade policy approach.

China Mengakhiri Kebijakan Rebate Pajak Ekspor untuk Aluminium dan Tembaga