Nikada
Japan (NKY:IND) +0.67%. Japan’s industrial output slipped 0.1% in February, and retail sales exceeded forecasts. Japan’s Tokyo inflation slows as expected in March. Japan’s housing starts declined by 8.2% Y/Y in February 2024, steeper than a 7.5% fall in the prior month and compared with market forecasts of a 5.5% drop.
China (SHCOMP) +0.40%. The index extended gains from the previous session amid hopes that Chinese authorities would step up policy support to boost growth. Chinese legislator Zhao Leji also said on Thursday that the country will open up its economy further to foreign investors, lifting market sentiment.
Hong Kong (HSI) market closed. India (SENSEX) market closed. Australia (AS51) market closed. Markets in Australia, New Zealand, Hong Kong, Singapore, and India are closed for the Good Friday holiday.
In the U.S. on Thursday, all three major indexes closed mixed on the last trading day of Q1, just ahead of the Easter break. Investors now look ahead to the latest US PCE price index report on Friday, which is the Fed’s preferred inflation gauge, for further guidance.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
Insights on Asia Markets
- Japan’s industrial output slips 0.1% in February, retail sales exceed forecasts
- Japan’s Tokyo inflation slows as expected in March
