Bank of Korea holds rate at 2.5% for fourth straight meeting as tighter property rules kick in

Bank of Korea warned there’s a chance of increased volatility following more rate hikes from the Fed, following U.S. Federal Reserve Chair Jay Powell’s speech in Jackson Hole. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s central bank kept its benchmark interest rate unchanged at 2.5% for the fourth…

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Invesco looks at income portfolio strategies

The CBOE Volatility Index, otherwise known as the Wall Street’s fear gauge, is coming off its most volatile week since April. For investors hesitant to ride out the recent wild swings, Invesco senior portfolio manager John Burrello sees income funds that employ options-based strategies as a sound game plan. His reasoning: They have more structural…

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Nikkei 225, ASX, Hang Seng Index

Australia, Victoria, Melbourne, buildings on bank of Yarra river Peter Adams | Stone | Getty Images South Korea’s Kospi index hit a record high Thursday, after the International Monetary Fund raised its 2025 growth forecast for the country to 0.9% from 0.8% in its October outlook report. Overall, the IMF raised its growth projection for…

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Thursday, October 9, Nikkei 225, ASX

Asia-Pacific markets were set to open higher Thursday, tracking Wall Street gains as investors shrugged off concerns of an artificial intelligence bubble. Nvidia shares advanced Wednesday stateside after CEO Jensen Huang said that demand for AI computing is “substantially” up in the last six months. Stocks of CoreWeave also jumped after the AI cloud provider…

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