South Korea leads gains in Asia as investors assess Powell's comments; Hong Kong, China and Taiwan markets closed
Publishing timestamp: 2024-04-04 03:56:12
Summary
Asia-Pacific markets rebounded following comments from U.S. Federal Reserve Chairman Jerome Powell. South Korea's Kospi and Japan's Nikkei gained, while Australia's S&P/ASX 200 rose. India's service sector activity expanded, and Japan will not intervene in currency market unless yen weakens beyond 155 against U.S. dollar. Crude oil prices climbed, and spot gold hit a fresh high. Chinese authorities nudged Syngenta to withdraw its $9 billion IPO application. Hong Kong's retail sales climbed, and a Tesla short-seller named two auto stocks with potential for 100% upside. Federal Reserve Chair Jerome Powell expressed confidence in the economy and policy.
Sentiment: MIXED
Tickers: @CL.1, .N225, .HSI, AUD=, .KS11, MMM, MU, DOW, PGR, .DJI, .SPX, KMI, CAT, .SZI, .SSEC, .DXY, MPC, FANG, @LCO.1, JPY=, .AXJO, .IXIC, XAU=, DPZ,
Keywords: asia economy, dxy us dollar currency index, dow jones industrial average, prices, world markets, nasdaq composite, australia, business news, wti crude (mar'23), s&p 500 index, kospi index, economic events, markets, s&p/asx 200, shanghai, breaking news: asia, breaking news: markets, nikkei 225 index, hang seng index, shenzhen component index, australian dollar/us dollar fx spot rate, ice brent crude (apr'23), usd/jpy,
Source: https://www.cnbc.com/2024/04/04/asia-markets.html