Japan's Nikkei leads losses in Asia; China exits deflation territory as consumer prices rise
Publishing timestamp: 2024-03-11 03:41:56
Summary
Japan stocks led losses in Asia-Pacific region after country averted technical recession, paving way for its central bank to raise rates, while investors also assessed China's inflation numbers. Nikkei 225 closed 2.19% lower at 38820.49 after falling almost 3%, led by technology stocks, as revised official data showed Japan's GDP expanded 0.4% in October-December period last year. Topix declined 2.2% to 2666.83 after falling about 3% earlier in session. China recorded its first month of inflation after four months of deflation with country's consumer price index climbing 0.7% year on year in February. South Korea's Kospi slipped 0.77% to end at 2659.84 while small-cap Kosdaq rose 0.31% to finish at 875.93. In Australia, the S&P/ASX 200 fell 1.82% to close at 7704.2 retreating from its all-time high and snapping three-day winning streak. Hong Kong's Hang Seng index bucked wider decline to gain 1.32%, while mainland Chinese CSI 300 rose 1.25%. On Friday in U.S., all three major indexes lost ground as with artificial intelligence darling Nvidia finishing down more
Sentiment: MIXED
Tickers: 9984.T-JP, 7735.T-JP, MRVL, .SPX, @CL.1, .DJI, .SSEC, JPY=, .HSI, AUD=, 6857.T-JP, .DXY, .KS11, 7012.T-JP, COST, .AXJO, .SZI, NVDA, @LCO.1, .N225, .IXIC,
Keywords: breaking news: markets, s&p/asx 200, shenzhen component index, kospi index, world markets, prices, nvidia corp, shanghai, australian dollar/us dollar fx spot rate, australia, hang seng index, ice brent crude (apr'23), dxy us dollar currency index, dow jones industrial average, s&p 500 index, asia economy, markets, nikkei 225 index, business news, breaking news: asia, economic events, usd/jpy, wti crude (mar'23), nasdaq composite,
Source: https://www.cnbc.com/2024/03/11/asia-markets-live-updates.html