Asia-Pacific markets trade mixed as region kicks off 2023
Publishing timestamp: 2023-01-02 23:59:29
Summary
Markets in Asia-Pacific traded mixed to commence first trading week for year. In Australia, the S&P/ASX 200 fell 1.31% to 6946.2 on its first trading session of 2023. Consumer growth in Asia remains a "massive challenge" for the region, and tech stocks could have a tough first half of 2023. The price of Brent oil is expected to fall to the lower end of $70 per barrel by the end of the year, and Japan's central bank is reportedly considering boosting its inflation forecasts in January. Singapore's economy saw full-year growth of 3.8% for 2022, and Jay Hatfield, CEO and portfolio manager at Infrastructure Capital Advisors, expects stocks and bonds to rally more than 10% in 2023.
Sentiment: MIXED
Tickers: ULTRACEMCO-IN, YAL.WW-AU, FMG-AU, KOTAKBANK-IN, @LCO.1, @CL.1, .AXJO, WHC-AU, .HSI, JPY=, .SZI, RIO-AU, OZL-AU, .SSEC, SFR-AU, .KS11, LT-IN,
Keywords: s&p/asx 200, south korea, chicago, ultratech cement ltd, kospi index, australia, dxy us dollar currency index, wti crude (feb'23), larsen & toubro ltd, australian dollar/us dollar fx spot rate, breaking news: markets, osaka, japan, hang seng index, world markets, shenzhen, shanghai, usd/jpy, economic events, ice brent crude (mar'23), markets, asia economy, new zealand, kotak mahindra bank ltd, nikkei 225 index, united states, breaking news: asia, business news, shenzhen component index,
Source: https://www.cnbc.com/2023/01/03/asia-markets-inch-lower-2023.html