Most Asia markets clock weekly losses, South Korea leads declines
Publishing timestamp: 2024-01-05 02:49:42
Summary
The article discusses the mixed performance of Asia-Pacific markets at the end of the first week of the new year. It mentions declines in most markets, with Hong Kong's Hang Seng index and South Korea's Kospi experiencing significant falls. It also highlights data from Japan showing a contraction in private sector activity had stopped. The article mentions various economic indicators such as inflation in the Philippines and services activity in India. It also discusses the impact of rising ocean freight rates on inflation concerns and provides insights from analysts on the market pullback and job market data.
Sentiment: MIXED
Tickers: .SPX, JPY=, .SZI, .AXJO, AUD=, .DXY, .NSEI, .IXIC, .KS11, .N225, .SSEC, @CL.1, @LCO.1, .DJI, .HSI,
Keywords: prices, wti crude (mar'23), hang seng index, dxy us dollar currency index, australian dollar/us dollar fx spot rate, usd/jpy, nasdaq composite, markets, world markets, ice brent crude (apr'23), business news, s&p 500 index, s&p/asx 200, asia economy, breaking news: asia, shanghai, dow jones industrial average, australia, breaking news: markets, nikkei 225 index, kospi index, economic events, shenzhen component index,
Source: https://www.cnbc.com/2024/01/05/asia-markets.html