Asia-Pacific markets trade mixed as investors weigh risks of more hikes ahead
Publishing timestamp: 2023-02-09 02:55:37
Summary
Stocks in Asia-Pacific traded mixed on Thursday as investors assessed further risks of more rate hikes to come. Crude oil saw its fourth consecutive day of gains on China's reopening hopes. Chinese markets were all trading higher on Thursday. Overnight on Wall Street, all three indexes fell on corporate profit worries. Japanese automaker Toyota posted 22% jump in operating profit for October-December period of 2022 compared to same period year ago. Hong Kong-listed shares of casinos rose after Wynn Resorts and MGM Resorts released its latest earnings reports overnight. A consortium led by investment fund Japan Industrial Partners have submitted final acquisition bid to troubled Japanese conglomerate Toshiba. India may extend its wheat export ban as it seeks to replenish state reserves and bring down domestic prices. South Korean auto company Hyundai Motors is in discussions with U.S. labor department over allegations of using child labor in its U.S. supply chain. Australian energy company AGL Energy fell more than 10% after posting half-year loss in its latest periodic earnings. Fed Governor Christopher Waller warned that fight against inflation is not over and could result in higher interest rates than markets are anticipating. U.S. wholesale inventories for December rose by just
Sentiment: MIXED
Tickers: 3659.T-JP, .DJI, 1928-HK, 6502.T-JP, 1128-HK, AGL-AU, .N225, MGM, 880-HK, 27-HK, .SZI, @LCO.1, @CL.1, JPY=, .DXY, 981-HK, .SSEC, AUD=, 6963.T-JP, LUMN, 7201.T-JP, 9502.T-JP, .HSI, .KS11, 2282-HK, .IXIC, WYNN, .SPX, 7203.T-JP, 8591.T-JP, .AXJO,
Keywords: breaking news: asia, shanghai, s&p/asx 200, ice brent crude (apr'23), breaking news: markets, australia, toyota motor corp, markets, nissan motor co ltd, wti crude (mar'23), hang seng index, lumen technologies inc, china, nikkei 225 index, nexon co ltd, semiconductor manufacturing international corp, economic events, shenzhen component index, world markets, asia economy, dxy us dollar currency index, south korea, usd/jpy, australian dollar/us dollar fx spot rate, kospi index, agl energy ltd, business news,