Unveil the Thrilling Asia-Pacific Market Surge: Japan’s CPI Shock & Singapore’s GDP Triumph Live Updates!

Tokyo’s skyline remains a striking sight with the Tokyo Tower and the modern infrastructure around Minato district captured vividly on October 1, 2022. In financial markets, Asia-Pacific stocks largely gained on Friday, echoing Wall Street’s fourth consecutive day of growth. However, Hong Kong’s Hang Seng index fell 1.3% in volatile trading, and China’s CSI 300 index dipped more than 1%. Investors are cautiously monitoring developments regarding U.S.-China tariffs, according to Eugene Hsiao from Macquarie Capital. He predicts that further stimulus from Beijing may not be announced until the next parliament session in March.

Japan’s economic data showed mixed signals; core inflation in October rose 2.3%, slightly exceeding expectations but down from 2.4% in September. Japan’s Nikkei 225 and Topix indices gained 0.86% and 0.68%, respectively. Australia’s S&P/ASX 200 grew 0.96%, rebounding from previous losses, while South Korea’s major Kospi index rose 1.08%, and Kosdaq increased 0.2%.

Singapore reported a significant economic boost with third-quarter GDP expanding 5.4% year-on-year, outpacing the prior quarter’s 3.0% growth. The quarter-on-quarter growth accelerated to 3.2% from 0.5%, prompting the Ministry of Trade and Industry to revise Singapore’s annual growth forecast to “around 3.5%” from “2.0 to 3.0%”.

In the U.S., major indices continued their upward trend. The Dow Jones Industrial Average surged 462 points, or 1.06%, closing at 43,270.35. The S&P 500 added 0.53% to finish at 5,948.71, while the Nasdaq Composite inched up 0.03% to 18,972.42. Crude oil prices spiked over 2% after Russia launched a hypersonic missile into Ukraine, escalating geopolitical tensions.

Original Story https://www.cnbc.com/2024/11/22/asia-pacific-markets-set-to-rise-as-investors-assess-japan-inflation-data-.html
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