Asia markets trade mixed, Bank of Japan nominee Ueda speaks; Japan's inflation reaches 41-year high
Publishing timestamp: 2023-02-24 02:45:04
Summary
Asia-Pacific markets traded mixed on Friday as the Bank of Japan governor nominee Kazuo Ueda spoke at a confirmation hearing. In Singapore, OCBC posted record profits for 2022, while manufacturing output fell 2.7%. In the US, stocks closed higher amid volatile trading Thursday. Nio plans to build its first battery plant in China, while Grab reported a narrower loss of $1.7 billion in 2022. Mark Hawtin has revealed his favorite stock to own over the next 5-10 years, and Goldman Sachs has highlighted the importance of margins over revenues amidst higher interest rates.
Sentiment: MIXED
Tickers: .DJI, AUD=, @CL.1, SSNNF, 300750-CN, 9866-HK, .KS11, .N225, .SSEC, A6I-FF, HXSCL, OCBC-SG, .SPX, .DXY, JPY=, .AXJO, NVDA, @LCO.1, UOBH-SG, NDAQ, .HSI, .SZI, DBSM-SG,
Keywords: australian dollar/us dollar fx spot rate, nikkei 225 index, singapore, japan, world markets, economic events, ice brent crude (apr'23), united states, dbs group holdings ltd, shanghai, asia economy, usd/jpy, business news, oversea-chinese banking corporation ltd, s&p/asx 200, hang seng index, shenzhen component index, wti crude (mar'23), south korea, dxy us dollar currency index, breaking news: markets, breaking news: asia, markets, kospi index,
Source: https://www.cnbc.com/2023/02/24/asia-markets-us-rate-hikes-still-weigh-on-wall-st-equities-.html