Five Things You Need to Know to Start Your Day: Asia

Good morning. Some central banks are getting less scared of inflation. Investors are making lots of money on Reddit. And regulators are training their sights on Apple once again. Here’s what’s moving markets. — Isabelle Lee

Surprise cut

From Zurich to London to Washington, the great inflation scare that gripped the world economy after the Covid pandemic is suddenly no longer keeping central bankers up at night as the prospect of rate cuts become real. The Swiss National Bank unexpectedly slashed its key interest rate by 25 basis points, moving months ahead of global peers. The SNB’s move foreshadows possible easing later this year by ...