Asia markets slip as BOJ holds rates; China factory activity expands for first time since April
Publishing timestamp: 2024-10-30 23:37:20
Summary
Asia-Pacific markets slipped as investors awaited Bank of Japan's rate decision and China's business activity figures. Japan's Nikkei 225 and Topix fell after BOJ held rates steady. South Korea's Kospi dropped, while Australia's S&P/ASX 200 also shed. In contrast, Hong Kong's Hang Seng index climbed. In the US, stocks slipped as investors digested earnings reports. Japan's central bank said it will keep hiking rates if the economy continues to recover. China's manufacturing PMI flipped into expansion territory, beating forecasts. Interest in Indian markets is growing ahead of the Diwali festive season. Bank of America expects the Federal Reserve to cut rates by 25 basis points at its next meeting. The Japanese yen rose against the dollar. Polls are seen as more accurate predictors of the US election outcome than betting odds.
Sentiment: MIXED
Tickers: .AXJO, AMZN, .DJI, .HSI, META, JPY=, MSFT, .SPX, .IXIC, .N225, GOOG, AAPL, AMD, .KS11,
Keywords: wti crude (mar'23), asia economy, australia, markets, shenzhen component index, breaking news: markets, economic events, business news, dxy us dollar currency index, australian dollar/us dollar fx spot rate, nasdaq composite, hang seng index, usd/jpy, prices, arm holdings plc, ice brent crude (apr'23), kospi index, nikkei 225 index, breaking news: asia, s&p 500 index, dow jones industrial average, nvidia corp, shanghai, s&p/asx 200, world markets,
Source: https://www.cnbc.com/2024/10/31/asia-markets.html