Asia stocks mixed after Wall Street slump; China PMI beats estimates

Reserve Bank of India hike rates by 50 basis points India’s central bank raised its benchmark interest rate by 50 basis points to 5.9%, in line with expectations of analysts polled by Reuters The fourth consecutive increase comes as consumer inflation in the country hit 7% in August and the currency’s weakened to record levels. … Read more

Fed hike, Bank of Japan, interest rates, currencies

Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Reuters also reported Chinese refiners are expecting the nation to release up to 15 million tonnes worth of oil products export quotas for the rest of the year, citing people with knowledge of the matter. … Read more