China stocks hit over three-month highs as Beijing targets 5% GDP growth; Hong Kong slides 2.5%
Publishing timestamp: 2024-03-05 02:42:20
Summary
China stocks hit over three-month highs after setting economic growth target, defense spending to increase. Various Asian markets saw mixed performance. Gold futures settled at record high. Japan aims for wage growth to combat deflation. Tata Motors to separate commercial and passenger vehicle units. China to increase defense spending. South Korea's economy shows growth. Hedge fund manager sees "boomer renaissance" in certain sectors. Tokyo's inflation rate rises. Competition heating up in electric vehicle industry. Deutsche Bank strategist notes elements of recession and bubble scenario in current market. UBS sees continued tech rally but recommends diversification. Gold futures settle at record high on rate cut expectations.
Sentiment: MIXED
Tickers: TATAMOTORS-IN, .SZI, @CL.1, .KS11, .TWII, .AXJO, JPY=, TSLA, 1211-HK, .N225, @LCO.1, .HSI, .SPX, .IXIC, .SSEC, AUD=, .DXY,
Keywords: s&p/asx 200, asia economy, nikkei 225 index, breaking news: markets, australia, s&p 500 index, markets, hang seng index, wti crude (mar'23), economic events, shenzhen component index, prices, breaking news: asia, world markets, nasdaq composite, kospi index, taiwan weighted index, australian dollar/us dollar fx spot rate, ice brent crude (apr'23), shanghai, business news, usd/jpy, dxy us dollar currency index,
Source: https://www.cnbc.com/2024/03/05/asia-markets-live-updates.html