Asia markets mixed as investors further digest China's modest growth target
Publishing timestamp: 2023-03-06 02:42:52
Summary
Stocks in Asia-Pacific traded mixed on Monday as investors further digested China's growth target set in its parliamentary sessions and looked ahead to week of economic data. In Australia, the S&P/ASX 200 rose 0.62% to end its session at 7328.6 ahead of Reserve Bank of Australia's decision Tuesday. Foldable phones are all the rage among global smartphone makers, with Samsung leading the way. South Korea has announced to resume trade talks with Japan, while Asia-Pacific countries need to create an enabling environment to improve gender equality. China's growth targets announced over the weekend were "not a surprise, but could feel disappointing to some investors". Oil prices fell after China's report, while UBS raised its growth forecast for China in 2023. Hong Kong broadcaster TVB's stocks rose for fourth straight session after announcing to partner with Alibaba's popular marketplace Taobao to launch joint e-commerce broadcast. South Korea's consumer price index rose 4.8
Sentiment: MIXED
Tickers: .SSEC, @CL.1, JPY=, @TY.1, .KS11, AUD=, .IXIC, .DJI, @LCO.1, GS, .SZI, .SPX, .N225, .DXY, .AXJO, .HSI,
Keywords: s&p/asx 200, asia economy, shenzhen component index, world markets, economic events, kospi index, breaking news: asia, business news, nikkei 225 index, breaking news: markets, markets, shanghai, 10-yr note future (mar'23), wti crude (mar'23), china, ice brent crude (apr'23), dxy us dollar currency index, hang seng index, australia, australian dollar/us dollar fx spot rate, usd/jpy,
Source: https://www.cnbc.com/2023/03/06/asia-markets-live-updates.html