"Asia Markets Slip as US Rate Uncertainty and Inflation Concerns Weigh on Stocks"

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Source: CNBC
"Asia Markets Slip as US Rate Uncertainty and Inflation Concerns Weigh on Stocks"
Photo: CNBC
TL;DR Summary

Japan's Nikkei led losses in Asia after the country averted a technical recession, while China recorded its first month of inflation with the consumer price index climbing 0.7% year on year in February. Chinese regulators met financial institutions to support state-backed property developer China Vanke, and Macquarie Group expects the Bank of Japan to exit negative interest rates by April. Additionally, an under-the-radar chip supplier to Nvidia is profiting from the AI boom, and tech stocks dragged the Nikkei as GDP readings cleared the way for the Bank of Japan to raise rates.

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