"Taiwan's Market Gains Outpace Japan's Lowest December Inflation in Years"

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Source: CNBC
"Taiwan's Market Gains Outpace Japan's Lowest December Inflation in Years"
Photo: CNBC
TL;DR Summary

Taiwan led gains in Asia-Pacific markets as chip stocks rose, with Taiwan Semiconductor Manufacturing Corp surging; Japan's December inflation hit its lowest level since June 2022, with the Bank of Japan set to announce its decision on its monetary policy meeting next week; Amazon to invest over $15 billion in Japan to expand cloud infrastructure; Asia's chipmakers surged following TSMC's upbeat annual forecast for 2024; Morgan Stanley does not expect BOJ to end negative interest rates in January meeting; Japan's transition to wage-driven inflation will be favorable for its equities, according to Schroders; Apple shares rise after Bank of America upgrade; Weekly jobless claims post surprise drop, indicating ongoing tightness in the labor market.

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