Asia markets fall as major economies release key data, including factory activity
Publishing timestamp: 2023-02-28 20:31:41
Summary
Asia-Pacific markets were largely lower on Wednesday as investors digested key economic data from the region. China's official manufacturing purchasing managers' index rose to 52.6 in February, while Australia's GDP for the fourth quarter of 2022 came in at 0.5%. South Korea's trade deficit narrowed to $5.3 billion in February, while the yield on the 10-year U.S. Treasury note hit a high of 3.983%. Wall Street analysts have revealed the potential of artificial intelligence and named several stocks to play the emerging space. UBS Financial Services anticipates the S&P 500 will finish the year close to current levels, with better upside potential in cyclical markets outside of the U.S.
Sentiment: NEUTRAL
Tickers: .N225, .DJI, .SSEC, .SPX, .HSI, @LCO.1, US10Y, .IXIC, @CL.1, .AXJO, .KS11, .SZI, .DXY, AUD=, JPY=,
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