Fast Asia Open: China inflation, Japan machine tool orders

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Weep not for India’s shrinking pool of billionaires – there’s still 100 of them.

As of January 15, India had 100 dollar billionaires, down from 111 a year before and knocking it from the third-place spot in global rankings, according to an annual rich list published by the China-based Hurun Report. Germany, with 109 billionaires, now holds third place while China and the US boasted 609 and 552 billionaires respectively.

In Asia Pacific equities, futures tip Sydney’s S&P/ASX 200 index to open down 0.2 per cent, while Tokyo’s Topix is set to start 0.4 per cent higher and Hong Kong’s Hang Seng is set to begin trading down 0.2 per cent.

Corporate earnings reports out today include Wharf Holdings, Sekisui House, Haitong International Securities and FIH Mobile.

The economic calendar for Thursday is more than just a pretty face (all times Hong Kong):

  • 07.30: Japan overtime earnings
  • 09.30: China consumer, producer price inflation
  • 14.00: Japan machine tool orders (preliminary)
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