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Asian stocks up on CPI cheer; weak Japan GDP, China caution limt gains

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Asian stocks up on CPI cheer; weak Japan GDP, China caution limt gains

Investing.com-- Most Asian stocks rose on Thursday tracking overnight record highs on Wall Street after some soft consumer inflation readings ramped up bets on interest rate cuts in 2024.

The weak data raised more doubts over just how much the Bank of Japan will be able to tighten policy this year. While loose policy bodes well for stock markets, a weakening economy presents more headwinds.Sentiment towards China was battered by the Biden administration imposing higher trade tariffs on several key Chinese sectors, namely electric vehicles, medicine and solar energy.

 

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