Asia markets fall after U.S. inflation comes in hotter than expected
Publishing timestamp: 2023-02-14 21:51:14
Summary
Asia Pacific markets traded lower on Wednesday after release of U.S. inflation data that came in hotter-than-expected. In Hong Kong, Hang Seng index fell 1.81%, and Hang Seng Tech index slid 1.91%. In mainland China, Shenzhen Component fell 0.42% and Shanghai Composite shed 0.43%. In Australia, S&P/ASX 200 fell 1.25%, as financials saw sharp losses after Reserve Bank of Australia's governor Philip Lowe reiterated that inflation remains "too high." Japan's Nikkei 225 traded 0.4% lower and Topix dropped 0.24%, while Kospiin South Korea fell 1.14%, and Kosdaq slid 0.64% as investors digested nation's unemployment rate. U.S. consumer price index rose 0.5% in January, which translated to annual gain of 6.4%. Shares of Australian banks fell, while shares of Taiwan Semiconductor Manufacturing dropped 2.94% after Warren Buffett sold off significant portion of Berkshire Hathaway's holdings in company. Ten Japanese financial institutions
Sentiment: MIXED
Tickers: .DXY, .DJI, 9501.T-JP, .KS11, CBA-AU, JPY=, .HSI, TSLA, AUD=, @LCO.1, 2330-TW, .SSEC, WBC'I-AU, .IXIC, .SPX, 8411.T-JP, NVDA, 8316.T-JP, .AXJO, .SZI, .N225, @CL.1, NAB-AU,
Keywords: usd/jpy, chicago, osaka, australia, japan, shanghai, nikkei 225 index, dxy us dollar currency index, economic events, shenzhen, hang seng index, shenzhen component index, s&p/asx 200, asia economy, ice brent crude (apr'23), kospi index, breaking news: markets, markets, breaking news: asia, business news, wti crude (mar'23), australian dollar/us dollar fx spot rate, united states, world markets,