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Asia markets mostly lower, South Korea shares rise as defense sector gains - TL;DR CNBC

Asia markets mostly lower, South Korea shares rise as defense sector gains

Publishing timestamp: 2023-12-18 03:08:36


Summary

The article discusses the performance of Asia-Pacific markets at the start of the penultimate week of 2023. South Korean defense stocks led gains, while other markets were mostly lower. The Bank of Japan is expected to maintain its major policy settings, and China will release its loan prime rates. The article also mentions the firing of a long-range ballistic missile by North Korea and the slower-than-expected growth of Singapore's non-oil domestic exports. It briefly mentions the expansion of New Zealand's services sector and the death of SenseTime's founder. Jefferies' top stock picks for 2024 and UBS's "most crowded short" are mentioned, as well as comments from the New York Federal Reserve President and the performance of oil prices. The article concludes by noting that Friday's trading session could be volatile due to index rebalancing and mentions Boeing's positive streak.


Sentiment: NEUTRAL

Tickers: DASHAUD=.SSECMDB.AXJOJPY=@CL.1.KS11@LCO.1.NZ50.HSIUBER.SPXBA.IXIC.DJI.STI20-HK@LCO.4.SZINZD=.N225.DXY

Keywords: hang seng indexasia economyaustralian dollar/us dollar fx spot ratepriceswti crude (mar'23)usd/jpyaustraliabreaking news: marketsdxy us dollar currency indexs&p/asx 200nasdaq compositeeconomic eventskospi indexshenzhen component indexbreaking news: asias&p 500 indexworld marketsshanghaiice brent crude (apr'23)nikkei 225 indexbusiness newsmarkets

Source: https://www.cnbc.com/2023/12/18/asia-markets.html


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