CXSE - Asia-Pacific stocks rise tracking gains on Wall Street eyes on US CPI data

2024-01-11 02:26:58 ET

Japan ( NKY:IND ) +1.77% . The Nikkei 225 Index jumped 1.77% to close at 35,049 while the broader Topix Index rallied 1.57% to 2,483 on Thursday, scaling their highest levels in nearly 34 years as a weakening yen boosted the outlook on Japan’s export-heavy industries and made domestic assets cheaper for foreign investors.

China ( SHCOMP ) +0.22% . Investors now look ahead to Chinese trade and inflation figures this week, as well as fourth-quarter GDP data next week for updates of the economy.

Hong Kong ( HSI ) +1.62% .

India ( SENSEX ) +0.15% .

Australia ( AS51 ) +0.50% . Australian December trade data: Exports +1.7% m/m while Imports -7.9%.

In the U.S. on Wednesday, all three major indexes ended higher as mega-cap tech stocks continued to push higher.

U.S. stock futures climbed higher on Thursday as investors braced for the latest inflation data and the commencement of the fourth quarter earnings season: Dow +0.22% ; S&P 500 +0.25% ; Nasdaq +0.41% .

Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).

More on the Global Economy

• Global economic growth set to weaken further this year, World Bank says

• Nasdaq, S&P, Dow end higher in run-up to big inflation report, start of earnings

• Japan's Tokyo Core CPI slows to 2.1% in December

• Chinese authorities allow net selling of shares by mutual funds - report

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