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Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Asia-Pacific markets took a breather after two straight days of rallies, mirroring moves on Wall Street ahead of first-quarter gross domestic product figures from the U.S. due Thursday. In Asia, investors will assess South Korea's advance first-quarter GDP growth of 3.4% year on year, the highest quarterly growth since the fourth quarter of 2021. Separately, the Bank of Japan kicks off its monetary policy meeting Thursday as investors monitor for action against yen weakness. The yen slid past the 155 mark against the U.S. dollar on Wednesday, hitting a fresh 34-year low.

Organizations: Lotte Corp, Bank of Japan, U.S Locations: Seoul, South Korea, Asia, Pacific, U.S

☆ Asia markets extend gains ahead of business activity figures from around the region
▼ + stars: | 2024-04-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Nurphoto | Nurphoto | Getty ImagesAsia-Pacific markets extended gains from Monday as tech shares rebounded on Wall Street and investors look toward flash business activity figures from Australia, Japan and India. Figures from S&P Global show that Australia's composite purchasing managers index hit a two-year high, coming in at 53.6 against March's 53.3. Japan and India's PMI numbers will be released later Tuesday. Japan's Nikkei 225 popped 0.8% at the open, while the broad based Topix was up 0.66%. Futures for Hong Kong's Hang Seng index stood at 16,681, pointing to a weaker open compared to the HSI's close of 16,511.69.

Persons: Kospi Organizations: Nurphoto, Getty, March's, PMI, Nikkei Locations: Jama, New Delhi, India, Asia, Pacific, Australia, Japan

Photo taken on January 21, 2024 shows a real estate project under construction in Huai 'an city, Jiangsu province, China. Asia-Pacific markets rebounded from Friday's sell-off as investors look to fresh data points out of China, Japan and South Korea this week. On Friday, markets in the region tumbled after Israel launched a strike at Iran, causing stocks to fall and safe-haven assets to climb. On Monday, investors will monitor China's one-year and five-year loan prime rates. The five-year LPR will be closely watched, as it acts as the peg for most property mortgages.

Persons: Huai Organizations: Israel Locations: Jiangsu province, China, Asia, Pacific, Japan, South Korea, Iran

☆ European stocks set to start the week in positive territory as markets look to regain momentum
▼ + stars: | 2024-04-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive start to the new trading week Monday, following more uncertain sentiment last week amid continuing Middle East tensions and a repricing of interest rate expectations. U.S. stock futures pushed higher on Sunday evening as Wall Street looked to find its footing after a steep selloff for tech companies. Meanwhile, Asia-Pacific markets rebounded from Friday's selloff as investors look to fresh data out of China, Japan and South Korea this week. Markets in the region tumbled last Friday after Israel launched a strike on Iran, causing stocks to fall and safe-haven assets to climb.

Persons: Friday's, Israel Locations: East, Asia, Pacific, China, Japan, South Korea, Iran

☆ Asia markets trade lower tracking Wall Street's losses; Japan inflation numbers watched
▼ + stars: | 2024-04-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were all lower on Friday, tracking Wall Street's losses overnight and giving up gains from the previous day. Traders will also be watching chip stocks, after Taiwanese chip giant Taiwan Semiconductor Manufacturing Corp beat first quarter revenue and profit expectations on Thursday. Japan released March inflation data, with the headline inflation rate coming in at 2.7%, down from the 2.8% seen in February. The core inflation rate — which strips out fresh food prices — stood at 2.6%, in line with expectations from economists polled by Reuters. Japan's benchmark Nikkei 225 was down 1.88% after the inflation reading, while the broad based Topix fell 1.3%.

Organizations: Traders, Taiwan Semiconductor Manufacturing Corp, Reuters, Nikkei Locations: Asia, Pacific

☆ Asia markets mixed after S&P and Nasdaq fall for fourth straight day
▼ + stars: | 2024-04-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Thursday, following Wall Street's overnight losses which saw the S&P 500 and the Nasdaq Composite fall for a fourth straight day. Tech stocks led markets lower as artificial intelligence darling Nvidia fell nearly 4%, joined by Netflix , Meta , Apple and Microsoft . Tech was the worst-performing S&P 500 sector, falling 1.7%. Investors are "trimming some of the high fliers," said Kevin Gordon, senior investment strategist at Charles Schwab. Investors in Asia will assess Australia's unemployment rate, which is one of the metrics the country's central bank weighs when considering monetary policy.

Persons: Kevin Gordon, Charles Schwab Organizations: Nasdaq, Tech, Netflix, Meta, Apple, Microsoft Locations: Asia, Pacific

☆ European stocks head for positive open despite Fed comments rattling global markets
▼ + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are expected to open in positive territory Wednesday, despite global markets being rattled by comments from the head of the U.S. Federal Reserve. Fed Chair Jerome Powell said Tuesday that the central bank needs to see more progress on the inflation front before it's likely to begin cutting rates. He said there had been "a lack of further progress so far this year on returning to our 2% inflation goal." Asia-Pacific markets were mixed after Tuesday's broad selloff, while U.S. stock futures hovered near the flatline on Tuesday night after the S&P 500 notched its third straight day of losses.

Persons: Jerome Powell Organizations: U.S . Federal Reserve Locations: Asia, Pacific

☆ Asia markets rebound after Tuesday's broad sell-off; Japan and Singapore data expected
▼ + stars: | 2024-04-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets rebounded after Tuesday's broad sell-off, with traders watching trade data out of Japan and Singapore on Wednesday. Investor sentiment, however, might be tempered by comments from U.S. Federal Reserve Chair Jerome Powell, who said there has been "a lack of further progress so far this year on returning to our 2% inflation goal." Echoing recent statements by central bank officials, Powell indicated the current level of policy likely will stay in place until inflation gets closer to target.

Persons: Jerome Powell, Powell Organizations: Wednesday, U.S . Federal Locations: Asia, Pacific, Japan, Singapore, U.S

☆ European markets set to extend declines as Middle East tensions weigh on sentiment
▼ + stars: | 2024-04-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open Tuesday as investors are closely following developments in the Middle East. Geopolitical tensions are high following Iran's extensive drone and missile attack on Israel Saturday night. Allies have called for cool heads, warning that a much bigger war in the Middle East could be easily triggered. Asia-Pacific markets sold off as the world awaits Israel's response to Iran's air assault over the weekend. Most major markets in Asia lost about 2%.

Organizations: Reuters, U.S Locations: Israel, Asia, Pacific

☆ Asia markets extend declines amid Iran-Israel tensions; China economic data on deck
▼ + stars: | 2024-04-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A batch of cars are ready to be shipped to overseas markets at the port of Taicang, Jiangsu province, China, April 9, 2024. Future Publishing | Future Publishing | Getty ImagesAsia-Pacific markets extended their declines as the world awaits Israel's response to Iran's air assault over the weekend. On Tuesday, China's first-quarter gross domestic product numbers will be in focus, with the world's second-largest economy expected to grow 4.6% from a year ago. Futures for Hong Kong's Hang Seng index stood at 16,430, pointing to a weaker open compared to the HSI's close of 16,600. Japan's Nikkei 225 plunged 1.5% at the open, while the broad based Topix was down 1.04%.

Persons: China's, Kospi Organizations: Future Publishing, Getty, Nikkei Locations: Taicang, Jiangsu province, China, Asia, Pacific, Australia

☆ European markets head for mixed open amid heightened Middle East tensions
▼ + stars: | 2024-04-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a mixed open Monday amid heightened geopolitical tensions following Iran's massive drone and missile attack on Israel Saturday night. Last week, expectations that an Iranian attack could be imminent rose after a suspected Israeli strike that killed top Iranian officials in Syria. Israel has vowed to retaliate but has signaled that it will bide its time. Asia-Pacific markets slipped Monday as traders weighed the impact of the attack, with focus also on key economic data from China and Japan later in the week. U.S. stock futures managed to tick higher Sunday as investors dealt with a multitude of issues, including Iran's attack and a spike in equity market volatility that sent the Dow Jones Industrial average to its worst week of the year last week.

Persons: Israel Organizations: Dow Locations: Israel, Syria, Asia, Pacific, China, Japan

☆ Asia-Pacific markets fall amid Israel-Iran tensions with spotlight on oil, gold and bitcoin
▼ + stars: | 2024-04-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, Feb. 6, 2024. Asia-Pacific markets slipped Monday as traders weighed the impact of Iran's drone attack on Israel over the weekend, with focus also on key economic data from China and Japan later in the week. The U.S. intervened to directly help Israel shoot down nearly all of the incoming munitions, Biden said in a statement Saturday. India will release its wholesale inflation figures for March later in the day, while China will announce its first quarter GDP numbers on Tuesday. Japan will release its March trade data and inflation numbers on Wednesday and Friday, respectively.

Persons: Joe Biden, Israel, Biden Organizations: Brent, . West Texas Locations: Shibuya, Tokyo, Japan, Asia, Pacific, Israel, China, Iran, U.S, India

☆ Asia markets mixed ahead of China trade data; Singapore first-quarter GDP climbs 2.7%
▼ + stars: | 2024-04-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were mixed Friday after an inflation-fueled selloff in the previous session, with investor assessing economic data from Singapore and South Korea while awaiting China trade numbers. China's trade data for March will be released later in the day, with exports forecast to fall 2.3% year on year by economists polled by Reuters. The city-state's central bank held its monetary policy steady, leaving the width and level of its policy band unchanged. In contrast to other countries, Singapore uses exchange rate settings for its monetary policy, instead of a benchmark interest rate. South Korea's March unemployment rate rose to 2.8%, while investors awaited the Bank of Korea's rate decision.

Persons: Singapore's Organizations: Reuters, Bank of Locations: Qingdao, Shandong province, Asia, Pacific, Singapore, South Korea, China

☆ Asia markets tumble after hotter-than-expected U.S. inflation; China inflation on deck
▼ + stars: | 2024-04-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023. Asia-Pacific markets tumbled after U.S. inflation for March came in hotter than expected, climbing 3.5% on a year-on-year basis and 0.4% higher compared to the previous month. Economists surveyed by Dow Jones had been looking for a 0.3% month-on-month gain and 3.4% year-over-year. Excluding volatile food and energy components, the core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared with respective estimates for 0.3% and 3.7%. Investors in Asia will also monitor China's inflation figures Thursday, with economists polled by Reuters expecting the consumer price index to climb 0.4% in March.

Persons: Dow Jones Organizations: Investors, Reuters Locations: Shanghai, China, Asia, Pacific

☆ Asia markets mostly fall as Japan corporate inflation climbs; New Zealand rate decision on tap
▼ + stars: | 2024-04-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

People commuting to work in the morning cross a pedestrian crossing in Tokyo on February 15, 2024. Asia-Pacific markets mostly fell as of Japan's corporate inflation climbed in March and rate decisions are awaited from New Zealand and Thailand's central banks. South Korea's markets are closed Wednesday, as the country heads to the polls to elect its next parliament. Japan's corporate inflation rate came in at 0.8% for March, its third straight month of increase and in line with expectations from a Reuters poll of economists, while investors also brace for the U.S. consumer price index report later Wednesday.

Locations: Tokyo, Asia, Pacific, New Zealand, South

☆ European markets head for negative open as investors look ahead to U.S. inflation data
▼ + stars: | 2024-04-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a negative start Tuesday as investors look ahead to more key economic data this week, including U.S. inflation figures out Wednesday. Markets continue to see a roughly 50% chance of a cut in March, according to CME's FedWatch tool, although Minneapolis Fed President Neel Kashkari last week raised the possibility of zero rate cuts this year if inflation remains sticky. U.S. stock futures were little changed overnight, while Asia-Pacific markets were mixed overnight as investors awaited consumer confidence data from Japan.

Persons: Neel Kashkari Organizations: Minneapolis Locations: Asia, Pacific, Japan

☆ Asia markets climb as U.S. Treasury yields pressure Wall Street; data from Australia and Japan on deck
▼ + stars: | 2024-04-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

An aerial view of the central business district and Sydney Opera House on February 17, 2023. On Tuesday, investors in Asia will observe business confidence surveys from Australia and consumer confidence data from Japan. Asia-Pacific markets climbed even as U.S. Treasury yields put pressure on Wall Street equities Monday. Futures for Hong Kong's Hang Seng index stood at 16,831, pointing to a weaker open compared to the HSI's close of 16,732.85. Treasury yields rose, with the rate on the benchmark 10-year Treasury note up about 4 basis points to 4.42%.

Persons: CNBC's Hakyung Kim, Yun Li Organizations: Sydney Opera House, Treasury, Wall, Nikkei, Dow Jones, Nasdaq Locations: Asia, Australia, Japan, Pacific, U.S, . Federal

☆ Asia markets largely set to fall on fears the Fed could hold off interest rate cuts; oil soars
▼ + stars: | 2024-04-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were largely set to fall on Friday, mirroring moves on Wall Street after comments from U.S. Federal Reserve officials fueled worries that the central bank could hold off on rate cuts. Minneapolis Fed President Neel Kashkari cast doubts on Thursday over the central bank cutting rates at all if inflation remained sticky. Oil prices continued to rise, with WTI crude surpassing $86 a barrel to test six-month highs. Brent crude prices also set a new six-month high of $90.65. S&P will also release its business activity numbers for Hong Kong, while the Reserve Bank of India will announce its rate decision later in the day.

Persons: Neel Kashkari Organizations: U.S . Federal Reserve, Minneapolis, Brent, Reuters, Reserve Bank of India Locations: Tokyo, Japan, Asia, Pacific, U.S, Hong Kong

☆ Japan leads gains in Asia as investors assess Powell's comments; Hong Kong, China and Taiwan markets closed
▼ + stars: | 2024-04-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

People visit the Kartavya Path in the early evening in New Delhi, India, on Tuesday, April 18, 2023. India has overtaken China as the world's most populous nation, according to UN data released on April 19. Photographer: Prashanth Vishwanathan/Bloomberg via Getty ImagesAsia-Pacific markets rebounded following a sell-off in the previous session, as investors digest comments from U.S. Federal Reserve Chairman Jerome Powell. In Asia, investors will assess March service sector activity data from India, as well as retail sales numbers from Hong Kong. Markets in Hong Kong, mainland China and Taiwan are closed for a public holiday.

Persons: Prashanth Vishwanathan, Jerome Powell, Powell Organizations: Bloomberg, Getty Images, U.S . Federal, Hong Kong . Markets Locations: New Delhi, India, China, Getty Images Asia, Pacific, U.S, Asia, Hong Kong, Taiwan

☆ Asia markets mixed with focus on South Korea inflation print, factory data from Australia and India
▼ + stars: | 2024-04-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A customer pays for his purchase at a dried food stall in Seoul, South Korea, on Thursday, March 3, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mixed Tuesday, as investors assessed economic data from South Korea and Australia. South Korea's March inflation rate held steady at 3.1%, in line with expectations from economists polled by Reuters. Factory activity data from India is also due later in the day, with economists polled by Reuters expecting a stronger PMI reading of 59.4. South Korea's Kospi was down 0.34% and the Kosdaq slid 1.11% after the inflation reading.

Persons: SeongJoon Cho, Kospi Organizations: Bloomberg, Getty Images Bloomberg, Getty, Reuters, Nikkei Locations: Seoul, South Korea, Asia, Pacific, Australia, India

☆ Asia markets climb as China factory activity assessed; Japan business optimism falls slightly
▼ + stars: | 2024-04-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets climbed Monday as investors assessed China's business activity for February and await economic data out of Japan. China's National Bureau of Statistics data showed that manufacturing activity expanded in March, with the purchasing managers index registering a reading of 50.8, compared to Feburary's reading of 49.1. Separately, Japan's first-quarter Tankan survey showed that business optimism among large manufacturers fell, with the gauge at +11 compared with +12 in the last survey. However, optimism among non-manufacturers rose, with the Tankan gauge at +34 compared with +30 in the fourth quarter and beating Reuters expectations of +33. The survey gauges business sentiment, which the Bank of Japan monitors when formulating monetary policy.

Persons: Japan's Organizations: China's National Bureau, Reuters, Bank of Japan Locations: Asia, Pacific, Japan

☆ Japan stocks set to rebound, while most Asia-Pacific markets are closed
▼ + stars: | 2024-03-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Japan's stock markets were set to bounce Friday, while most markets in the Asia-Pacific region stay shut for a public holiday. Japan's Nikkei 225 is set to rebound, with the futures contract in Chicago at 40,440 and its counterpart in Osaka at 40,390 against the index's last close of 40,168.07. The Japanese yen will be closely watched during the session amid speculation of a possible intervention after the currency recently hit 34-year lows against the U.S. dollar at 151.97. It last traded near 151.42 against the greenback.

Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Nikkei, U.S, greenback Locations: Tokyo, Japan, Asia, Pacific, Chicago, Osaka

☆ Australia stocks hit record high, most other Asia-Pacific markets set to decline
▼ + stars: | 2024-03-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

CNBC asked Intrepid Travel and ChatGPT to put together a two-day itinerary to Melbourne City, AustraliaAustralia stocks hit a record high Thursday, while most other Asia-Pacific markets looked set to fall even though Wall Street rallied and the S&P 500 closed at another record high. In Australia, the S&P/ASX 200 rose 0.77% to hit an intraday record high of 7,883.90 just moments after opening. The index was higher for a second straight day. All eyes are now on Australia's retail sales data for the month of February, which a Reuters poll expects will rise 0.4%. Investors will also be watching for moves in the Japanese yen after it fell to 151.97 — its weakest level in 34 years against the U.S. dollar on Wednesday.

Organizations: CNBC, Intrepid Travel, U.S Locations: Melbourne City, Australia Australia, Asia, Pacific, Australia

☆ Asia markets poised to fall ahead of China industrial profits data, Australia inflation reading
▼ + stars: | 2024-03-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to largely fall on Wednesday, taking cues from Wall Street as the market rally in the U.S. continued to cool. Investors in Asia will assess February inflation numbers from Australia, the first inflation reading after the country's central bank said that "it was not yet possible to rule in or out further increases in interest rates." "Inflation had moderated but was still high," the bank said. China will also release industrial profit data on Wednesday.

Locations: Asia, Pacific, U.S, Australia, China

☆ European markets lose momentum, head toward flat open
▼ + stars: | 2024-03-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a flat open Wednesday as market momentum wanes. Regional markets closed higher Tuesday but are set to start today's session around the flatline. Investors will be keeping an eye out for Spanish inflation data and French consumer confidence figures for March on Wednesday, as well as a trading update from clothes retailer H&M . Elsewhere overnight, U.S. stock futures were up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Meanwhile, Asia-Pacific markets were mixed Wednesday as investors assessed economic data from China and Australia.

Locations: Asia, Pacific, China, Australia

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