Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024.\u00a0<\/p>\n
Costfoto | Nurphoto | Getty Images<\/p>\n
Asia-Pacific markets opened higher Monday, after artificial intelligence valuation concerns fueled declines in markets across the region last week.<\/p>\n
Investors in Asia are also parsing October inflation data from China<\/a> over the weekend, which came in above expectations.<\/p>\n Headline consumer inflation was at 0.2% year on year, compared to expectations of zero growth from economists polled by Reuters. Wholesale inflation saw a softer-than-expected drop of 2.1% year on year, against the expected 2.2% decline.<\/p>\n Japan’s Nikkei 225<\/a> advanced 0.48%, while the broad-based Topix was up 0.37%. Yields of 10-year Japanese government bonds inched up to 1.69%, their highest since October.<\/p>\n South Korea’s Kospi<\/a> climbed 1.69%, led by banks and insurance stocks, while the small-cap Kosdaq was flat.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a> started the day up 0.25%.<\/p>\n However, Hong Kong markets look set to fall, with Hang Seng index<\/a> futures at 26,121, lower than the HSI’s last close of 26,241.83.<\/p>\n On Friday stateside in the U.S., the\u00a0Nasdaq Composite<\/a>\u00a0continued to fall, but the\u00a0Dow Jones Industrial Average<\/a>\u00a0and\u00a0S&P 500<\/a>\u00a0inched into positive territory after Senate Minority Leader Chuck Schumer\u00a0offered up a new plan<\/a>\u00a0to Republicans that would enable the record-breaking U.S. government shutdown to end.<\/p>\n A survey from the University of Michigan revealed Friday that consumer sentiment in the country has\u00a0neared its lowest level ever<\/a>. The data comes just a day after firm Challenger, Gray & Christmas reported that layoff announcements in October\u00a0reached their highest level<\/a>\u00a0for the month in 22 years.<\/p>\n \u2014CNBC’s Sean Conlon and Pia Singh contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024.\u00a0 Costfoto |…\n","protected":false},"author":3,"featured_media":368095,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[691,738,8000,7998,133,81,7994,7995,135,7997,145,158,67,132,68,7999],"class_list":{"0":"post-368094","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-asia-economy","11":"tag-breaking-news-asia","12":"tag-breaking-news-markets","13":"tag-business-news","14":"tag-hang-seng-index","15":"tag-kospi-index","16":"tag-markets","17":"tag-nikkei-225-index","18":"tag-sp-500-index","19":"tag-technology","20":"tag-united-states","21":"tag-unitedstates","22":"tag-us","23":"tag-world-markets"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115522771531330547","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/368094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=368094"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/368094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/368095"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=368094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=368094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=368094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}