FINANCE
Stocks in Asia-Pacific: A Mixed Bag
Asia-PacificThu Mar 13 2025
In the world of stocks, things can get pretty confusing. On a recent Thursday, the Asia-Pacific markets were all over the place. This happened after a report from the U. S. showed that inflation wasn't as bad as some people thought. This report helped two out of three major stock indexes in the U. S. bounce back from some losses they had over the past couple of days.
The report showed that the cost of living in the U. S. went up by only 0. 2% in February. This means the yearly inflation rate is now at 2. 8%. Experts say this is good news. It means there's no immediate need for the Federal Reserve to change its plans. The Fed is the group that controls interest rates and tries to keep the economy stable. The report also means that there's no immediate need for the Fed to change its plans. The Fed is the group that controls interest rates and tries to keep the economy stable. This is because the February inflation numbers didn't include any effects from tariffs, which are taxes on imports. This is a relief for those who were worried about price increases.
In Japan, the Nikkei 225 and the Topix index both went up. The Nikkei 225 rose by 0. 98%, and the Topix index went up by 0. 82%. South Korea's Kospi index also had a good day, gaining 0. 81%. The small-cap Kosdaq advanced by 0. 37%. But not all markets were happy. Hong Kong's Hang Seng Index went down by 0. 14%, and mainland China's CSI 300 rose by only 0. 23% in choppy trade. Australia's S&P/ASX 200 was flat, reversing course from gains earlier in the day.
Investors are also keeping an eye on India. The country's inflation rate went down to 3. 61% in February. This is lower than what experts expected. This is good news for India's economy, as it means that people have more money to spend. But it's not clear how much this will affect the country's GDP growth in the fourth quarter of the fiscal year 2025. Economists expect inflation to stay low in the first quarter of 2025.
In the U. S. , the Nasdaq Composite went up by 1. 22% after the inflation report. This eased concerns about a possible recession. The S&P 500 also went up by 0. 49%, while the Dow Jones Industrial Average went down by 82. 55 points, or 0. 2%. The tech sector, which had been down by more than 3% for the week, bounced back and led the gains in the S&P 500. Some of the top performers included Nvidia, which gained 6. 4%, and AMD, which added more than 4%. Meta Platforms advanced 2% and Tesla jumped more than 7%.
The tech sector, which had been down by more than 3% for the week, bounced back and led the gains in the S&P 500. Some of the top performers included Nvidia, which gained 6. 4%, and AMD, which added more than 4%. Meta Platforms advanced 2% and Tesla jumped more than 7%. This is a good reminder that even when things look bad, there can still be opportunities for growth. This is a good reminder that even when things look bad, there can still be opportunities for growth.
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What are the potential implications of the Nikkei 225 and Topix index gains on the broader Asian markets?
What are the potential risks and benefits of relying heavily on technology stocks for market gains?
How might the global economic landscape be reshaped by the upcoming 'CONVERGE LIVE' event and similar initiatives?
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