Hong Kong stocks surge over 2% after U.S. inflation slows more than expected; Asia markets rise
Publishing timestamp: 2023-07-13 04:00:30
Summary
The article discusses the rise in Asia-Pacific markets after the U.S. inflation rate for June came in lower than expected. It provides details on the performance of various markets, including Hong Kong, China, South Korea, Australia, and Japan. It also mentions China's trade data for June and the performance of specific stocks in Hong Kong. Additionally, the article discusses the decision of South Korea's central bank to hold its benchmark interest rate unchanged and the contraction of New Zealand's manufacturing sector. It concludes by mentioning the impact of the weaker-than-expected consumer price report on the likelihood of the Federal Reserve raising rates again.
Sentiment: NEUTRAL
Tickers: @CL.1, .IXIC, 241-HK, .DXY, .AXJO, .HSI, .N225, .SSEC, JPY=, @LCO.1, .KS11, AUD=, .DJI, .SPX, 2269-HK, .SZI, TSLA,
Keywords: economic events, breaking news: asia, world markets, shanghai, ice brent crude (apr'23), s&p/asx 200, prices, dxy us dollar currency index, wti crude (mar'23), kospi index, breaking news: markets, australian dollar/us dollar fx spot rate, hang seng index, united states, business news, markets, south korea, usd/jpy, nikkei 225 index, asia economy, shenzhen component index,
Source: https://www.cnbc.com/2023/07/13/asia-markets.html