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Asia opened
lower on Friday, after most local markets remained relatively flat throughout
the week as traders stayed on the sidelines, waiting for clues about US
interest rates from Jackson Hole.
Japan's Nikkei 225 sold off 0.84 percent, after
government data released before market open showed the country's consumer
prices for July fell, prompting concerns over the effectiveness of government
stimulus. Across the Korean Strait, the Kospi declined 0.58 percent.
Chinese markets will be in focus today when they
open at 9:30 a.m. HK/SIN, after major mainland indexes sold-off on Thursday due
to concerns over the amount of spare cash in the banking system, as well as fears
of an overheating property market.
Asia opened
lower on Friday, after most local markets remained relatively flat throughout
the week as traders stayed on the sidelines, waiting for clues about US
interest rates from Jackson Hole.
Japan's Nikkei 225 sold off 0.84 percent, after
government data released before market open showed the country's consumer
prices for July fell, prompting concerns over the effectiveness of government
stimulus. Across the Korean Strait, the Kospi declined 0.58 percent.
Chinese markets will be in focus today when they
open at 9:30 a.m. HK/SIN, after major mainland indexes sold-off on Thursday due
to concerns over the amount of spare cash in the banking system, as well as fears
of an overheating property market.
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It paves the
way for creation of a unified market for goods and services, and promises to
boost GDP growth rates by up to 2 percent over the medium and the long
term," he said at a conference here on 'Enabling Make in India through
Industry Academia Innovation Platform' organised jointly by CII and IIEST.
Noting that food prices remained within
comfortable levels in the early months of this year, the President warned that
"we must remain alert as they have started to rise lately." He
expressed satisfaction at India's foreign exchange reserves which today stand
at USD 365 billion.
We can say confidently that our economy has
revived and our prospects are brighter as we are poised to grow at 7.5 percent
in both 2016 and 2017
It paves the
way for creation of a unified market for goods and services, and promises to
boost GDP growth rates by up to 2 percent over the medium and the long
term," he said at a conference here on 'Enabling Make in India through
Industry Academia Innovation Platform' organised jointly by CII and IIEST.
Noting that food prices remained within
comfortable levels in the early months of this year, the President warned that
"we must remain alert as they have started to rise lately." He
expressed satisfaction at India's foreign exchange reserves which today stand
at USD 365 billion.
We can say confidently that our economy has
revived and our prospects are brighter as we are poised to grow at 7.5 percent
in both 2016 and 2017