Hong Kong leads losses in Asia after hot U.S. inflation report; Japan workers set for sharpest wage spike in 30 years
Publishing timestamp: 2024-03-15 03:53:34
Summary
Asia-Pacific markets fell after U.S. producer prices grew faster than expected. China's CSI 300 closed higher, Japan's Nikkei 225 fell, South Korea's Kospi dropped, and Australia's S&P/ASX 200 hit a two-week low. In the U.S., major indexes lost ground due to inflation report. Home prices in China continued to slide. One97 Communications granted license in India. Hyundai and Kia to recall electric vehicles. China's central bank left key lending rate unchanged. Foxconn's shares surged after strong results. Japan's finance minister said the country is no longer in deflation. Fidelity International suggests looking beyond flashy AI stocks. Crude oil futures rose on IEA forecast. JPMorgan fined almost $350 million by Federal Reserve.
Sentiment: MIXED
Tickers: .SSEC, @LCO.1, 2269-HK, SBIN-IN, .SPX, PAYTM-IN, 960-HK, AUD=, 2317-TW, .DXY, @CL.1, .SZI, HDFCBANK-IN, AXISBANK-IN, .IXIC, .HSI, .KS11, JPM, YESBANK-IN, .N225, .DJI, JPY=, NVDA, .AXJO, 3690-HK,
Keywords: breaking news: markets, usd/jpy, nikkei 225 index, dxy us dollar currency index, hang seng index, prices, dow jones industrial average, ice brent crude (apr'23), shenzhen component index, australian dollar/us dollar fx spot rate, kospi index, wti crude (mar'23), business news, world markets, markets, economic events, australia, breaking news: asia, s&p/asx 200, shanghai, asia economy, nasdaq composite, s&p 500 index,
Source: https://www.cnbc.com/2024/03/15/asia-markets.html