Asia stocks mixed as investors assess China, Australia economic data; yen falls to 34-year low
Publishing timestamp: 2024-03-27 03:37:59
Summary
Asia-Pacific markets were mixed as investors assessed economic data from China and Australia. Japanese yen fell to its weakest level in 34 years against the greenback. Industrial profits in China rose, while Australia saw consumer price inflation. Major U.S. indexes continued to slide, but are on pace for their fifth straight winning month. Foxconn shares climbed after announcing a strategic investment in Indigo Technologies. Bank of Japan will monitor currency moves. Hybe Entertainment's share price rose after signing an exclusive distribution agreement with Universal Music Group. India's current account deficit narrowed. Investors are turning to ETFs amid market volatility. Moody's placed Boeing's ratings on review for potential downgrade. Reddit shares surged following its IPO.
Sentiment: MIXED
Tickers: .SSEC, NVDA, .HSI, AUD=, GOOGL, .AXJO, .DXY, JPY=, .SPX, 2317-TW, .SZI, RDDT, BA, .N225, @LCO.1, MSFT, .DJI, .KS11, @CL.1,
Keywords: economic events, s&p/asx 200, wti crude (mar'23), markets, dxy us dollar currency index, australia, prices, shanghai, s&p 500 index, usd/jpy, shenzhen component index, kospi index, nikkei 225 index, australian dollar/us dollar fx spot rate, breaking news: markets, business news, ice brent crude (apr'23), breaking news: asia, world markets, hang seng index, asia economy,
Source: https://www.cnbc.com/2024/03/27/asia-markets-live-updates.html