The pick-up in Chinese convertible bond issuance is giving dealmakers hope that capital market activity will start to lift, especially in Hong Kong, where IPOs are at the lowest point in 15 years. The previous 12-month high was $10.9 billion in 2021.
The yen rose on Tuesday as investors reacted to comments from a senior Japanese politician that added to the pressure on the Bank of Japan to keep hiking rates to boost the currency.
Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval.
The launch comes nearly six months after spot Bitcoin ETFs were approved for U.S. markets. While the launch had provided an initial boost to Bitcoin, driving it to record highs in March, the token has since floundered around the $60,000s for most part, while trading volumes in the ETFs also eased.
The government also increased the tax on transactions in equity derivatives segment. On futures trading, the securities transaction tax has been increased to 0.02% from 0.0125% and on options, it has been raised to 0.1% from 0.0625%.
