Asia markets rise as investors assess key China inflation data
On March 13, 2024, the city silhouette of the Lujiazui Shanghai Center in China.
Cfoto | Future Publishing | Getty Images
While investors evaluated China’s August inflation data, Asia-Pacific markets rose on Wednesday.
According to the data obtained from the National Statistical Bureau published on Wednesday, the consumer prices in the mainland fell 0.4% annually in August and missed the expectations of a decrease of 0.2% by the economists participating in the survey by Reuters.
In the meantime, the producer price index, in line with expectations and in July, healed by 3.6% decreased by 2.9% per year.
The shares of the Asian technology companies in Apple’s supply chain were higher after launching the new iPhone, Apple Watch and AirPods on Tuesday. Taiwan -based iPhone Maker shares Fox He jumped 1.67 % and Samsung Electronics 1.82 %increased. However, investors looked indifferent to Apple’s latest product announcements, and the shares of the Cupertino -based company are 1.48% lower.
Japan Nikkei 225 Benchmark increased by 0.23%and the Topix index increased by 0.12%.
In Australia, S&P/ASX 200 was 0.13% higher.
Hong Kong’s SenG Index Index The Hang Seng Tech index increased by 0.59%, while early trade developed by 0.4%.
Hong Kong List Alibaba Group The fourth continued to meet for a flat session and rose to the highest level of 2.89%. This comes after the Chinese humanoid startup X Square Robot has earned about $ 100 million in a funding round led by Alibaba Cloud.
South Korea Kospi Since the end of 2021, the index has increased 1.42% to its highest level. The seasonal unemployment rate of the country gently rose to 2.6% in August compared to 2.5% in July. According to government data. KOSDAQ with a small lid increased by 0.53%.
Indonesia’s jacarta composite index increased by 0.58% in early operations by getting rid of the three session loss line. The Index closed 1.78% lower in the previous session after President Prabowo Subirah lifted Unnecessary Late on Monday, Fiscal Minister Sri Mulyani.
Indonesia Rupiah, after withdrawing over 1% in the previous session, strengthened 0.21% in early trade.
Meanwhile, Singapore’s Straits Times index rose to 1% and rose to a new record level at 4.341.32.
Traders, the latest manufacturer price index Wednesday state and consumer price index data on Thursday, as the release of the market in the US equity futures in early Asian hours increased a little bit of inflation on the effect of inflation on the economy will offer more information.
On one night, as investors passed the employment data disappointing and concerns about the federal reserve ratio interruptions, all three basic criteria in the United States were closed at the highest levels of all time.
The S&P 500 index was located at a rate of 0.27% in 6.512.61, while Nasdaq Composite won 0.37% and ended its day at 21.879.49 and the second reached its intradic high levels of time. The Dow Jones industrial average completed 45.711.34 to 196.39 points or 0.43%, thanks to the increase in Unitedhealth shares.
– Sean Conlo and Sarah Min of CNBC contributed to this report.
