Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks
Publishing timestamp: 2024-05-16 03:29:16
Summary
Asia-Pacific markets rose after Wall Street closed at record highs on soft inflation data. Japan's GDP contracted more than expected. Taiwan Semiconductor reported no damage after explosion at Arizona plant. Tencent's shares rose after beating revenue estimates. Chinese property stocks rose on reports of government buying unsold homes. Australia's unemployment rate rose. Singapore Airlines posted record profit. Japan's economy contracted in Q1. Citi named under-the-radar company in data and AI. Indian mid-cap stocks seen as in a bubble. Best-performing stocks and sectors in second quarter. Clean energy stocks rallied with no specific news.
Sentiment: MIXED
Tickers: AUD=, 2330-TW, 700-HK, 960-HK, MSFT, .N225, .SSEC, .DXY, SIAL-SG, 2202-HK, .SZI, .SPX, .IXIC, .TWII, JPY=, .AXJO, NVDA, TSLA, META, SPWR, .KS11, 884-HK, .HSI, 3380-HK, AMZN, .DJI, AAPL, GOOGL,
Keywords: hang seng index, s&p/asx 200, nikkei 225 index, asia economy, kospi index, australian dollar/us dollar fx spot rate, business news, shanghai, taiwan weighted index, markets, dxy us dollar currency index, breaking news: markets, economic events, australia, shenzhen component index, world markets, prices, usd/jpy, breaking news: asia,