Featured Author, Invest 101

Asia Morning Market News Aug 21

Posted on

21/08/2025

by

moneysmart-girl

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Today’s Key Market Moves

STOCKS: Wall Street in the red, again led by tech selloff. Nasdaq sheds 0.7%. China closes at a 10-year high, Europe gains too but benchmark EM falls.
SHARES/SECTORS: Target slides 6% after firm announces insider Michael Fiddelke as new CEO. Intel falls 7% and other tech firms fall on news the government is eyeing stakes in chipmakers.
FX: New Zealand dollar falls 1% after dovish RBNZ rate cut, bucking broader trend of U.S. dollar weakness.
BONDS: U.S. yields down ever so slightly, recovering after the Fed minutes. 20-year auction was mixed.
COMMODITIES: Safety bid lifts gold 1%, oil rebounds around 1.5% on U.S. inventory drawdown.

Today’s key reads

What could move markets tomorrow?

Australia, Japan, India PMIs (August, flash)
South Korea producer inflation (July)
UK public finances (July)
UK, euro zone PMIs (August, flash)
Canada producer inflation (July)
U.S. weekly jobless claims
U.S. Philly Fed business index (August)
U.S. PMI (August)
U.S. $8 billion auction of 30-year TIPS
U.S. earnings – Walmart
Atlanta Fed President Raphael Bostic speaks

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21/08/2025

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Featured AuthorInvest 101

Asia Morning Market News Aug 21

20/08/2025

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