Hong Kong, Korea markets trade higher; India's Paytm plunges 20%
Publishing timestamp: 2024-02-01 03:05:23
Summary
Hong Kong and Korea shares traded higher, while Japan underperformed. Paytm shares tumbled after India's financial authorities ordered them to stop taking new deposits. China's factory activity expanded for the third-straight month, but official data showed contraction. South Korean exports rose by the most in 21 months. Aozora Bank warned of a net loss due to exposure to U.S. commercial real estate loans. Jefferies revealed its top stock picks. Hong Kong's GDP growth missed expectations. Drug manufacturers like Eli Lilly and Novo Nordisk have been popular among investors. Fed Chair Powell is not ready to declare a "soft landing." Oil prices are on track for their first monthly gain since September. Bitcoin fell as Powell indicated a rate cut in March is unlikely.
Sentiment: MIXED
Tickers: SOL.CM=, AUD=, ETH.CM=, @CL.1, PAYTM-IN, .IXIC, 8304.T-JP, .N225, JPY=, .AXJO, .KS11, .DJI, @LCO.1, LLY, BTC.CM=, .SSEC, .HSI, .SPX, .SZI, .DXY,
Keywords: markets, economic events, wti crude (mar'23), shenzhen component index, breaking news: markets, japan, prices, s&p 500 index, asia economy, kospi index, australia, breaking news: asia, business news, s&p/asx 200, nikkei 225 index, jerome powell, united states, ice brent crude (apr'23), hang seng index, dow jones industrial average, australian dollar/us dollar fx spot rate, south korea, nasdaq composite, usd/jpy, shanghai, dxy us dollar currency index, world markets, china,
Source: https://www.cnbc.com/2024/02/01/asia-markets.html