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Chinese Inflation

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finance2 years ago•3 min saved

"Nikkei's Record Rally Defies Asian Market Trends"

Japan's Nikkei index reached a 34-year high, while Chinese inflation data and other key economic indicators across Asia will influence market sentiment. Chinese producer price inflation is expected to continue its negative trend, indicating deflationary pressure, while trade activity is anticipated to have improved. In India, industrial production and inflation figures will be released. HSBC's fixed income team favors India for emerging market local sovereign debt in 2024, expecting increased foreign demand for Indian government bonds.

via Reuters|

#asian-markets #chinese-inflation #economic-indicators

finance2 years ago•2 min saved

"Chinese inflation and earnings disappoint, causing Asian stocks to slip"

Asian stocks slipped as weak Chinese inflation data and disappointing earnings weighed on investor sentiment. Moody's downgrade of 10 banks and warning of potential downgrades for six more added to concerns over weakening profitability and funding risks. SoftBank and Nikon reported weak earnings, causing Japan's Nikkei 225 to decline. Chinese stocks also fell after inflation contracted for the first time in nearly two years. However, consumer spending showed slight improvement. South Korea's KOSPI rose on hopes of interest rate cuts, while Australia's ASX 200 gained due to strong performances by bank stocks, particularly Commonwealth Bank of Australia.

via Investing.com|

#asian-stocks #bank-stocks #chinese-inflation