Hong Kong market jumps in a mixed day for Asia-Pacific stocks; Japan business sentiment sours
Publishing timestamp: 2024-02-21 02:44:06
Summary
Asia-Pacific markets traded mixed following Wall Street losses, with Japan's trade data and business sentiment among large manufacturers being assessed. Hong Kong's Hang Seng index jumped before paring gains, while Japan's Nikkei 225 lost. Zee Entertainment shares slumped after discrepancies found in accounts, while HSBC reported a rise in pre-tax profit. Australia saw strong wage growth and Japan's exports beat estimates. Business sentiment in Japan soured, leading to fears of economic weakness. Real estate sector faces pressure from inflation and interest rates. U.S. markets ended in negative territory, and crude oil futures pulled back after hitting three-month highs due to conflict in the Middle East.
Sentiment: MIXED
Tickers: 669-HK, 960-HK, .KS11, 9618-HK, WUXAY, .N225, @LCO.1, NVDA, .AXJO, .IXIC, 6758.T-JP, ZEEL-IN, .SPX, @CL.1, 5-HK, .HSI, 2318-HK, .DJI,
Keywords: business news, economic events, markets, kospi index, australia, breaking news: markets, nikkei 225 index, china, japan, south korea,
Source: https://www.cnbc.com/2024/02/21/asia-pacific-markets-japan-tankan-and-trade.html