Asia markets mostly rise with Korea's Kospi hitting 2-year highs as investors digest economic data
Publishing timestamp: 2024-03-26 03:34:08
Summary
Most Asia-Pacific markets rose, with South Korea's Kospi hitting two-year highs. Japan's service producer price index for February came in at 2.1%. Singapore's manufacturing output increased 14.2% in February. Sri Lanka's central bank cut its main lending rates. China is urging banks to speed up approvals for new loans to private property developers. HSBC names two stocks that will benefit from consumer spending patterns. Chipmaker Nvidia is seen as too expensive by some investors. UBS expects equities to remain at current levels into year-end. Morgan Stanley expects four rate cuts this year. Small-cap stocks could feel pressure if U.S. Treasury yields continue to increase. Stocks tied to the price of bitcoin surged on Monday.
Sentiment: MIXED
Tickers: RIOT, @CL.1, .STI, .SSEC, @LCO.1, .DJI, AUD=, .SZI, .KS11, CIFR, .IXIC, MARA, CLSK, NVDA, BTC.CM=, COIN, .SPX, .N225, .HSI, .DXY, JPY=, .AXJO, MSTR,
Keywords: shenzhen component index, hang seng index, breaking news: markets, world markets, markets, breaking news: asia, australian dollar/us dollar fx spot rate, dow jones industrial average, prices, s&p/asx 200, economic events, nikkei 225 index, ice brent crude (apr'23), australia, nasdaq composite, s&p 500 index, usd/jpy, straits times index, wti crude (mar'23), shanghai, dxy us dollar currency index, kospi index, asia economy, business news,
Source: https://www.cnbc.com/2024/03/26/asia-markets-live-updates.html