Asia-Pacific markets mostly rose on Friday as investors awaited Japan’s general election. Tokyo released its October inflation numbers, with both headline and core inflation rates falling from the previous month. The Nikkei 225 and Topix indices in Japan fell after the inflation report, while South Korea’s Kospi gained and Australia’s S&P/ASX 200 climbed. In the…
A bronze bull statue outside the Bombay Stock Exchange building in Mumbai, India, symbolizes a positive outlook as India’s stock futures surged following a predicted victory for Prime Minister Narendra Modi’s ruling party in elections. However, Asia-Pacific markets experienced a slight dip, with Australia, South Korea, and Japan all seeing losses. In the U.S., Federal…
The markets in mainland China and Hong Kong bounced back after China’s third-quarter GDP growth exceeded expectations. Despite the growth rate being the lowest since last year, retail sales and industrial output surpassed estimates. However, China’s house prices saw a larger drop in September. Mainland China’s CSI 300 and Hong Kong’s Hang Seng index both…
Goldman Sachs’ strategists are optimistic about China’s growth recovery and the rebound in north Asia’s earnings in 2024. However, Asia-Pacific markets were mixed on Monday as investors awaited economic data. Mainland China’s CSI 300 and Hong Kong’s Hang Seng index were down, with China’s Minister of Finance hinting at more debt issuance to support the…