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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks drift higher as CPI test approaches; China dips on US tariffsAsian stocks drift higher as CPI test approaches; China dips on US tariffs
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks skittish amid mixed China cues; earnings, US CPI awaitedAsian stocks skittish amid mixed China cues; earnings, US CPI awaited
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks sink amid China headwinds; earnings, US CPI awaitedAsian stocks sink amid China headwinds; earnings, US CPI awaited
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: ksatnews - 🏆 442. / 53 Read more »