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Hong Kong shares surge 2% to lead gains in Asia markets; China posts mixed economic data - TL;DR CNBC

Hong Kong shares surge 2% to lead gains in Asia markets; China posts mixed economic data

Publishing timestamp: 2023-12-15 02:59:03


Summary

The article discusses the rally in Asia-Pacific markets, led by Hong Kong, following the U.S. Federal Reserve's decision to hold rates and lay out a roadmap for cuts in 2024 and beyond. It also mentions China's November economic data, which showed a strong industrial output expansion but underwhelming retail sales growth. The article discusses the potential for rate cuts by the Federal Reserve and the impact on Asian economies. It also mentions the performance of specific companies and indices, as well as other global economic factors such as the weakening dollar and oil prices.


Sentiment: MIXED

Tickers: AUD=960-HK.AXJOJPY=.KS11.SZINFLX@CL.19618-HKAAPL6862-HKMSFT.IXIC.DJI.HSIGOOGL.SPX.SSEC.N225.DXYAMZNMETA@LCO.1

Keywords: marketsworld marketsbreaking news: asiabreaking news: marketsbusiness newspricesice brent crude (apr'23)shenzhen component indexasia economys&p/asx 200australian dollar/us dollar fx spot rateeconomic eventsdxy us dollar currency indexhang seng indexnikkei 225 indexaustraliawti crude (mar'23)usd/jpykospi indexshanghai

Source: https://www.cnbc.com/2023/12/15/asia-markets-set-for-gains-as-wall-street-powers-ahead-key-china-data-in-focus.html


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