Asia markets mixed as Australia raises interest rates; Baidu jumps on chatbot project
Publishing timestamp: 2023-02-07 03:33:59
Summary
Stocks in Asia-Pacific traded mixed on Tuesday, with South Korea's Kosdaq leading gains and Japan's Nikkei 225 falling fractionally. The Reserve Bank of Australia raised its interest rates by 25 basis points to 3.1%, and the Australian dollar strengthened 0.7%. Shares of Baidu jumped more than 13% in Hong Kong's trading session as the company announced its artificial intelligence chatbot was almost ready for public launch. Real wages in Japan rose for the first time in nine months, and Australia's exports for goods and services fell 1% in December. Tech stocks have rallied strongly this year, but investors are weighing the implications of a series of earnings disappointments. Retail investors and pension funds are facing millions of dollars in losses on investments in Adani Group companies. Treasury yields jumped on Monday as investors awaited clues from the Federal Reserve on next steps for monetary policy.
Sentiment: MIXED
Tickers: .DXY, .KS11, BIDU, .DJI, .IXIC, @LCO.1, 9984.T-JP, JPY=, .FKRX300, UNDEFINED, ADANIENT-IN, .N225, AUD=, ADANITRANS-IN, .AXJO, 9987-HK, 9888-HK, .HSI, .SPX, 7974.T-JP, .SSEC, ADANIPORTS-IN, @CL.1, .SZI,
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Source: https://www.cnbc.com/2023/02/07/asia-markets-reserve-bank-australia.html