South Korea inflation, China reopens

Yamaguchi is emerging as a candidate for the next Bank of Japan governor: Sange

Hirohit Yamaguchi, a former deputy governor of the Bank of Japan, is emerging as a candidate to lead the central bank’s Japanese local media. Sange saidCiting people familiar with the subject.

Yamaguchi, who served as a deputy at the central bank until 2013, has been a vocal critic of current governor Haruhiko Kuroda’s tight monetary policy.

The paper added that Yamaguchi would mark a departure from former Japanese Prime Minister Shinzo Abe’s economic stimulus strategy, also known as “Abenomics”.

Sankei said Yamaguchi is drawing attention as incumbent Prime Minister Fumio Kishida moves away from a more accommodative monetary stance, and the nomination for the next central bank chief will be clear next month.

– Jihye Lee

UOB says foreign talent is reluctant to come to Singapore after Hong Kong reopens

As Hong Kong reopens, foreign nationals may be less inclined to visit Singapore, said Alvin Liu, senior economist at United Overseas Bank.

“Singapore has benefited in terms of the talent pool that has come here because of the more stringent rules in Hong Kong,” said Liu, adding that the influx of workers moving to Singapore “will see a slight loosening” now that the city has reopened.

“The talent pool doesn’t want to move here,” said the Singapore-based economist.

Liew also said Hong Kong’s reopening is a step in the right direction for the region to “return to business as usual”.

– Charmaine Jacob

China’s markets will see a “tactical” recovery next year, analyst says

Chinese markets will see a recovery with a “tactical bounce” in the coming year, Port Shelter Investment Management said.

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“It’s obvious to say we might see a tactical bounce,” the company’s chief executive, Richard Harris, told CNBC.

“It will be tactical because China, at the end of the day, has to match the rest of the world,” he said.

Harris expects China’s recovery to take place in the first quarter of the year, and sentiment could continue into the second quarter.

The recovery depends on many currently unknown elements, such as whether strong stimulus will be injected into the Chinese economy and what will be done about inflation as the economy picks up.

– Lee Ying Shan

New Chinese tech ETF could bring ‘retail liquidity’ to Singapore market: investment firm

The asset management firm explains how its SGX ETF listing will differ from its other Chinese index funds

Singapore is on the list CSI Star and CNext 50 Index Exchange Traded Fund Ding Chen, CEO of CSOP Asset Management, told CNBC that it could bring liquidity from mainland China to Singapore.Squawk Box Asia.”

The company’s ETF was listed on the Singapore Exchange on Friday and is a sub-fund of Singapore unit trust CSOP SG ETF Series I.

“Through SGX, Singaporean investors and global investors can gain access to ETFs listed in China,” Ding said, adding that Chinese investors can also invest directly in Singapore ETFs.

When asked about the evolution of the company’s ETF portfolio, Ding said, “It will bring more emerging, younger generation tech companies to the market.”

– Sheila Chiang

South Korea’s inflation was unchanged in December

Stocks ended Thursday higher

All major averages ended higher on Thursday.

The Dow Jones industrial average rose 345.09 points, or 1.05%. The S&P 500 rose 1.75%, while the Nasdaq composite rose 2.59% to 10,478.09.

– Tanaya Machel

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Jobless filings rose last week; Subsequent claims hit the highest since February

Jobless claims rose last week amid efforts by the Federal Reserve to cool the economy and especially the labor market.

The Labor Department reported Thursday that 225,000 first-time applications for unemployment benefits were filed in the week ending Dec. 24. That was an increase of 9,000 from the previous week and slightly higher than the Dow Jones estimate of 223,000.

Long-term, ongoing claims ran a week behind the headline number, rising to 1.71 million, the highest increase of 41,000 since early February.

This time of year the numbers are always loud because of the holidays. Claims for seasonal factors increased by 23,146, an increase of 9.3%.

– Jeff Cox

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