Most Asian markets fall after hotter-than-expected U.S. inflation data sends Wall Street lower; Hong Kong gains
Publishing timestamp: 2024-02-14 02:42:43
Summary
Most Asia-Pacific markets fell on Wednesday due to the impact of hotter-than-expected U.S. inflation data. Hong Kong's Hang Seng index was an exception and gained. Japan's Nikkei 225 retreated from 34-year highs. South Korea's Kospi dropped, while Australia's S&P/ASX 200 slid. In the U.S., all three major indexes lost ground due to the inflation data. Korean Air and Asiana Airlines saw changes in their stock prices due to approval conditions for their merger. Yields on 10-year Japanese government bonds rose, and the yen weakened against the dollar. The article also mentions the competition in the electric vehicle industry and provides insights from Morningstar's Chief Markets Strategist. It concludes with a summary of the stock market performance and oil futures.
Sentiment: MIXED
Tickers: .AXJO, .HSI, @CL.1, .IXIC, .SPX, .SSEC, JPY=, .DXY, @LCO.1, .N225, .KS11, 1211-HK, MCK, INCY, .DJI, TSLA, AUD=, .SZI, ARE, BXP,
Keywords: s&p/asx 200, australian dollar/us dollar fx spot rate, shanghai, breaking news: markets, prices, markets, s&p 500 index, asia economy, dow jones industrial average, kospi index, world markets, hang seng index, dxy us dollar currency index, australia, ice brent crude (apr'23), nikkei 225 index, usd/jpy, economic events, breaking news: asia, business news, shenzhen component index, nasdaq composite, wti crude (mar'23),
Source: https://www.cnbc.com/2024/02/14/asia-markets-.html