HomeAbout

TL;DR CNBC


Asia markets mostly rise with Korea's Kospi hitting 2-year highs as investors digest economic data - TL;DR CNBC

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.DJIAUD=.SZI.KS11CIFR.IXICMARACLSKNVDABTC.CM=COIN.SPX.N225.HSI.DXYJPY=.AXJOMSTR

Keywords: shenzhen component indexhang seng indexbreaking news: marketsworld marketsmarketsbreaking news: asiaaustralian dollar/us dollar fx spot ratedow jones industrial averagepricess&p/asx 200economic eventsnikkei 225 indexice brent crude (apr'23)australianasdaq composites&p 500 indexusd/jpystraits times indexwti crude (mar'23)shanghaidxy us dollar currency indexkospi indexasia economybusiness news

Source: https://www.cnbc.com/2024/03/26/asia-markets-live-updates.html


Developed by Leo Phan