January 30, 2023

Brighton Journal

Complete News World

Stocks rose in the Asia-Pacific region as US inflation data remains in the spotlight

SHANGHAI, CHINA – MARCH 01: Skyscrapers stand in the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China.

Xiao Yang | China Optical Group | Getty Images

Asia-Pacific stocks were mostly higher as investors looked ahead to Thursday’s US CPI report. Economists expect inflation to have subsided in December, which could signal to the Federal Reserve that previous interest rate increases were having their intended effects.

Australia S&P/ASX 200 It closed up 1.18% at 7280.4 after the release of the country’s Trade Balance for November.

the Nikkei 225 index It closed flat, standing at 26,449.82 while the Topix index rose 0.36%, to 1908.18. South Korea Cosby The KOSDAQ rose 0.24% to 2365.1, while the KOSDAQ fell 0.15% to 710.82.

Hong Kong Hang Seng Index Partially decreased, reversing previous gains. Mainland China Shanghai boat It added 0.051% to close at 3,163.45 Shenzhen component It increased by 0.23%, to 11,465.73. China’s consumer price index rose 1.8% in December compared to a year ago, in line with Reuters forecasts.

India’s inflation data for December is also due to be published.

Overnight on Wall Street, the major stock indices closed higher. Economists Survey by Dow Jones We expect inflation data to show that prices eased by a modest 0.1% in December from November.

See also  Asia Pacific Markets, Fed Minutes, Inflation, PMI, Singapore Retail, Caixin Services