Unveiling Economic Shifts: India’s GDP Soars, BOK’s Game-Changing Decision, and Singapore’s CPI Surge

The Asia-Pacific markets experienced a positive start to the week, driven by investor anticipation of significant economic data releases, including China’s industrial output and India’s Q3 GDP figures. Additionally, Singapore was set to announce its October inflation rate, predicted by economists to drop to 1.8% from the previous month’s 2%, marking the lowest since March 2021 if accurate. Other key economic events this week include South Korea’s central bank rate decision on Wednesday and inflation data from Australia and Tokyo—Japan’s capital—which are seen as future indicators for national trends.

In market performances, Australia’s S&P/ASX 200 increased by 0.58%, achieving a new peak of 8,458.9 early in trading. Japan’s Nikkei 225 climbed by 1.61%, while the broader Topix index was up by 0.97%. South Korea’s Kospi rose by 1.38%, with the Kosdaq experiencing a more substantial increase of 2.29%. In contrast, Hong Kong’s Hang Seng index saw a modest rise of 0.34%, and China’s CSI 300 remained unchanged.

On the U.S. front, Wall Street concluded last week on a high note with the Dow Jones Industrial Average hitting a new record, gaining 426.16 points, or 0.97%, ending at 44,296.51. The S&P 500 extended its winning streak to five days, increasing by 0.35%, while the Nasdaq Composite edged up by 0.16%. However, gains were somewhat curbed by declines in tech stocks Nvidia and Alphabet, which fell by 3.2% and 1.7%, respectively.

This week’s market focus will largely be on the pending economic data, providing crucial insights into the region’s financial health and aiding investors in strategy formulation.

Original Story https://www.cnbc.com/2024/11/25/asia-markets-live-india-gdp-bok-decision-singapore-cpi.html
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