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This Article is From Sep 17, 2019

Oil’s Record Surge, India Stimulus, Hong Kong Bargains: Eco Day

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
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Cosco (India) Ltd.
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Tiger Logistics (India) Ltd.
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Nifty Capital Markets
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USD-INR
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MSCI World
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Pritika Auto Industries Ltd
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SAB Events & Governance Now Media Ltd.
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MSCI AC Asia ex-Japan
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Nifty BHARAT Bond Index - April 2033
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BSE Oil & Gas
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BSE Industrials
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Mukat Pipes Ltd.
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Ajmera Realty & Infra India Ltd.
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MSCI AC Asia ex-Japan
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Baroda Extrusion Ltd.
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(Bloomberg) -- Welcome to Monday, Asia. Here's the latest news and analysis from Bloomberg Economics to help get your week started:

  • Brent crude surged the most on record after a drone strike on a Saudi Arabian oil facility removed about 5% of global supplies
  • India's new measures announced Saturday to revive a flagging economy through aid to exporters isn't as big a boost as the initial numbers suggested
  • The monetary stimulus that ECB President Mario Draghi unleashed last week won't be enough on its own to prevent an extended period of low economic growth and feeble inflation
  • The People's Bank of China is liberalizing its interest-rate system in another milestone in the landmark reforms started four decades ago -- this QuickTake explains why
  • The Philippines' largest flight school is trying to get more women into the cockpit to help meet a shortage of pilots in Asia
  • Some Hong Kong locals are seeing the city's turmoil as an opportunity to buy property on the cheap

To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Matthew Brockett

©2019 Bloomberg L.P.

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