Asia markets mixed after U.S. stocks jump on inflation data
Publishing timestamp: 2024-03-13 03:27:01
Summary
Asia-Pacific markets were mixed after U.S. inflation data met expectations. Stocks in Australia and South Korea rose, while Japan and Hong Kong saw declines. U.S. markets rose after inflation readings, with tech stocks like Nvidia and Oracle surging. Goldman Sachs refreshed its top picks in Asia Pacific. India's inflation in February was slightly higher than expected. Nvidia has had a significant rise in 2023. Citi noted fading momentum in major markets. Oracle shares surged after posting strong earnings results. The consumer price index report for February raised questions about when the Federal Reserve will start cutting rates.
Sentiment: MIXED
Tickers: .HSI, .DJI, .SPX, AUD=, .AXJO, NVDA, 7013.T-JP, 8411.T-JP, .IXIC, .KS11, .N225, .DXY, @LCO.1, 7739.T-JP, 1803.T-JP, 8306.T-JP, ORCL, @CL.1, JPY=, .SZI, .SSEC,
Keywords: breaking news: asia, hang seng index, world markets, shenzhen component index, economic events, shanghai, prices, australian dollar/us dollar fx spot rate, markets, breaking news: markets, ice brent crude (apr'23), wti crude (mar'23), nikkei 225 index, dxy us dollar currency index, s&p/asx 200, asia economy, australia, usd/jpy, s&p 500 index, dow jones industrial average, kospi index, nasdaq composite, business news,
Source: https://www.cnbc.com/2024/03/13/asia-markets-live-updates.html