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Asian stocks rise after ChIna manufacturing data: Forextalk

YEREVAN, September 23. /ARKA/. Asian stocks rose, with a regional benchmark index trading near a four-month high, after a private measure of Chinese manufacturing jumped more than forecast, Forextalk.us reports referring to Bloomberg. Trading on Hong Kong markets was delayed due to a storm.

Delta Electronics Inc. a maker of power-supply packs for notebook computers, surged 6.3 percent, leading technology shares higher. Woori Finance Holdings Co. gained 2.4 percent in Seoul amid speculation sales of its regional bank units will succeed. Newcrest Mining Ltd., Australia’s largest gold producer, dropped 6.4 percent after the price of the precious metal slumped on Sept. 20.

The MSCI Asia Pacific excluding Japan Index climbed 0.2 percent to 470.35 as of 12:41 p.m. in Sydney. The gauge reached a four-month high on Sept. 19 after the Federal Reserve maintained its bond-buying program. Japan’s market is closed today for a holiday. –0–

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

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