Asia markets reverse losses as key data comes out from Japan, Australia and South Korea
Publishing timestamp: 2023-10-24 03:39:43
Summary
Asia-Pacific markets rebounded as investors assessed business activity surveys and producer price index data. Australian and Japanese markets recovered, while South Korea's Kospi ended a three-day losing streak. Mainland Chinese markets rebounded, but Hong Kong's Hang Seng index was lower. In the US, the Nasdaq Composite snapped four days of losses, while the Dow Jones Industrial Average and S&P 500 fell. Bitcoin broke through the $35,000 level for the first time since May 2022. Flash estimates showed Japan's business activity contracting in October, while Australia's business activity fell to a 21-month low. Investors are looking to upcoming earnings reports for market recovery. South Korea's producer price index climbed in September. Technology stocks climbed ahead of earnings reports, while some slipped. Bitcoin and Ether saw gains. Bill Ackman covered his short position in long-term Treasurys. The S&P 500 closed below its
Sentiment: MIXED
Tickers: BTC.CM=, INTC, .IXIC, SPOT, .DJI, @CL.1, @LCO.1, .KS11, .N225, .SPX, GOOGL, .SSEC, .DXY, AUD=, IBM, .AXJO, META, MSFT, SNAP, AMZN, JPY=, ETH.CM=, .SZI, .HSI,
Keywords: asia economy, world markets, prices, breaking news: markets, shenzhen component index, dxy us dollar currency index, business news, usd/jpy, nikkei 225 index, markets, shanghai, kospi index, s&p/asx 200, australia, hang seng index, australian dollar/us dollar fx spot rate, economic events, wti crude (mar'23), ice brent crude (apr'23), breaking news: asia,
Source: https://www.cnbc.com/2023/10/24/asia-stock-market-today-live-updates.html