Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Investing

Asia stocks rise on upbeat Chinese data, Japan shares drop amid rate-hike bets

by
January 17, 2025
in Investing
0
Asia stocks rise on upbeat Chinese data, Japan shares drop amid rate-hike bets
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Investing.com– Most Asian stocks rose on Friday, buoyed by gains in Chinese stocks following robust economic data, while Japanese equities declined sharply on expectations of an interest rate hike next week.

Gains were limited as regional markets were cautious ahead of the U.S. President-elect Donald Trump’s inauguration due next week.

Trump has vowed to impose additional trade tariffs on Chinese exports, which is expected to result in a potential trade war, last seen during Trump’s previous term.

Some regional markets took cues from an overnight dip in Wall Street. US stock futures were also slightly lower in Asia hours on Thursday.

Chinese shares rise on strong GDP, manufacturing data

China’s Shanghai Shenzhen CSI 300 index rose 0.5%, and the Shanghai Composite index gained 0.4%. Hong Kong’s Hang Seng index inched 0.2% higher.

Chinese economy grew more than expected in the fourth quarter of 2024, bringing the annual gross domestic product (GDP) to 5%, which was in line with Beijing’s 5% growth target, data showed on Friday.

Other data showed that industrial production grew more than expected in December as recent stimulus measures from Beijing continued to support business activity.

December retail sales were also stronger than expected and accelerated sharply from the rise seen in the prior month.

Tracking gains in the world’s second-largest economy, other regional stocks were also higher.

The Philippines’ PSEi Composite index gained 0.5%, while Indonesia’s Jakarta Stock Exchange Composite Index rose 0.6%.

Japan’s interest rate decision looms

Japan’s Nikkei 225 fell more than 1% on Friday, while TOPIX declined 0.7%. 

The market focus for next week will be on the Bank of Japan interest rate decision due on Jan 23-24, where expectations are of a rate hike.

BOJ Governor Kazuo Ueda said on Wednesday that a hike was possible if economic and price conditions continue to improve.

In corporate news, Japanese videogame giant Nintendo Co Ltd (TYO:7974) shares fell nearly 7% as investors appeared to be little enthused by the long-awaited reveal of Switch (NYSE:SWCH) 2.

In other regions, Australia’s S&P/ASX 200 inched 0.2% lower, while Singapore’s Straits Times Index gained 0.3%.

India’s Nifty 50 index fell 0.5% on Friday.

South Korea’s KOSPI index inched 0.2% lower, a day after the Bank of Korea maintained its policy interest rate at 3.00%, contrary to widespread expectations of a 25 basis point cut.

This post appeared first on investing.com
Previous Post

Japan Dec consumer inflation likely quickened on energy costs- Reuters poll

Next Post

KKR hires Goldman for selling stake in Philippine fintech Maya, sources say

Next Post
KKR hires Goldman for selling stake in Philippine fintech Maya, sources say

KKR hires Goldman for selling stake in Philippine fintech Maya, sources say

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Takeaways from the start of a Fed rate-cutting cycle

Takeaways from the start of a Fed rate-cutting cycle

October 12, 2024
Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

May 13, 2025
Fox streaming service to be called Fox One, launch before NFL season

Fox streaming service to be called Fox One, launch before NFL season

May 13, 2025
Fortnite applies to launch on Apple’s App Store after Epic Games court win

Fortnite applies to launch on Apple’s App Store after Epic Games court win

May 11, 2025
Cargo thieves are attacking the U.S. supply chain at alarming rates

Cargo thieves are attacking the U.S. supply chain at alarming rates

May 10, 2025

Recent News

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

May 13, 2025
Fox streaming service to be called Fox One, launch before NFL season

Fox streaming service to be called Fox One, launch before NFL season

May 13, 2025
Fortnite applies to launch on Apple’s App Store after Epic Games court win

Fortnite applies to launch on Apple’s App Store after Epic Games court win

May 11, 2025
Cargo thieves are attacking the U.S. supply chain at alarming rates

Cargo thieves are attacking the U.S. supply chain at alarming rates

May 10, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved