Asia markets track Wall Street decline, but China and Hong Kong reverse earlier losses
Publishing timestamp: 2023-12-21 03:06:40
Summary
The article discusses the decline in Asia-Pacific markets following Wall Street's drop, as well as the anticipation of U.S. GDP and inflation numbers. It also mentions specific market movements in Hong Kong, mainland China, Australia, Japan, and South Korea. The article highlights safety scandals at Toyota and a drop in shares of South Korea's largest container shipping firm HMM. It also mentions the recall of Toyota vehicles and safety issues with Daihatsu vehicles. Additionally, the article discusses producer prices in South Korea and the uncertainties investors may face in 2024. It concludes with mentions of Citi upgrading European stock, Morgan Stanley's outlook on inflation and interest rates, and the oil market's concerns about oversupply and threats to shipping. The article also briefly mentions the 10-year U.S. Treasury yield and Citigroup's decision to close its distressed-debt business.
Sentiment: MIXED
Tickers: .HSI, @CL.1, .N225, .SSEC, @LCO.1, TM, .AXJO, .DXY, C, JPY=, .KS11, .SZI, AUD=,
Keywords: australia, markets, hang seng index, nikkei 225 index, kospi index, economic events, asia economy, australian dollar/us dollar fx spot rate, breaking news: markets, business news, prices, breaking news: asia, dxy us dollar currency index, shanghai, wti crude (mar'23), s&p/asx 200, usd/jpy, shenzhen component index, world markets, ice brent crude (apr'23),
Source: https://www.cnbc.com/2023/12/21/asia-markets.html