Japan signals rate hike coming up, China cracks down on stablecoins

Market news for December 1, 2025: Asian markets mixed as traders eye US data ahead of Fed decision; Japanese Yen rises as Bank of Japan signals rate hike coming up; Hong Kong stablecoin stocks slump after PBOC vows cryptocurrency crackdown; Manulife US Reit proposes strategic pivot to retail, living, industrial sectors.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written and hosted by: Emily Liu (emilyliu@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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