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Asia Market Update: Aussie dollar and bond yields decline amid RBA language change; China trade balance below ests; CN also issued rare earth export rules.
General trend
– Is the RBA done with rate hikes?
– Equity markets decline.
– Kospi declines after prior gain [Reminder Nov 5th: South Korea govt confirms new temporary ban on short selling until June 2024; Applies to all listed stocks in South Korea].
– Upcoming Nintendo earnings in focus.
– BOK might release minutes.
Headlines/economic data
Australia/New Zealand
-ASX 200 opens flat at 6,999.
-RESERVE BANK OF AUSTRALIA (RBA) RAISES CASH RATE TARGET BY 25BPS TO 4.35%; AS EXPECTED; Whether further tightening of monetary policy is required to ensure that inflation returns to target in a reasonable time-frame…
