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Asia markets reverse losses as key data comes out from Japan, Australia and South Korea - TL;DR CNBC

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.IXICSPOT.DJI@CL.1@LCO.1.KS11.N225.SPXGOOGL.SSEC.DXYAUD=IBM.AXJOMETAMSFTSNAPAMZNJPY=ETH.CM=.SZI.HSI

Keywords: asia economyworld marketspricesbreaking news: marketsshenzhen component indexdxy us dollar currency indexbusiness newsusd/jpynikkei 225 indexmarketsshanghaikospi indexs&p/asx 200australiahang seng indexaustralian dollar/us dollar fx spot rateeconomic eventswti 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


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