China markets rise as upbeat holiday travel data lifts tourism stocks; Hong Kong shares fall
Publishing timestamp: 2024-02-19 01:05:27
Summary
Chinese stock markets rose after holiday with upbeat travel data, while Hong Kong stocks fell. U.S. markets were closed for Presidents' Day. Thailand's economy unexpectedly contracted, boosting bets for interest rate cuts. Singapore plans to increase use of sustainable aviation fuel. China travel stocks rose as travel activity and spending jumped above pre-pandemic levels. Nintendo's stock dropped on reports of console launch delay. Two ETFs with positive returns every year over past decade identified. Major indexes ended Friday in red after five-week winning streak. University of Michigan survey shows little change in consumer sentiment and inflation expectations.
Sentiment: MIXED
Tickers: .DXY, .SSEC, .HSI, 7974.T-JP, @LCO.1, .IXIC, .SZI, .KS11, @CL.1, .DJI, .N225, AUD=, .AXJO, JPY=, .SPX,
Keywords: s&p/asx 200, australian dollar/us dollar fx spot rate, prices, business news, markets, shenzhen component index, kospi index, shanghai, asia economy, world markets, breaking news: asia, australia, dxy us dollar currency index, usd/jpy, economic events, nikkei 225 index, ice brent crude (apr'23), breaking news: markets, hang seng index, wti crude (mar'23),
Source: https://www.cnbc.com/2024/02/19/asia-markets-china-set-to-return-from-holidays-us-markets-shut-.html