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Author : Ambar Warrick

Investing.com– Most Asian stocks rose on Friday as focus turned to the Federal Reserve’s first potential interest rate cut in over four years, with Hong Kong markets leading gains on bargain buying into local technology heavyweights.

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Japan’s producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. The data is among the key indicators closely watched by the Bank of Japan.
• India is also poised to release its August consumer price index later Thursday. Economists polled by Reuters expect it to rise 3.5% year-on-year, compared to 3.54% in July.

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• South Korea reported that August unemployment fell to 2.4%, the lowest level since 1999, when the data series commenced, according to Statistics Korea.
• The televised presidential debate between Republican presidential nominee Donald Trump and Democratic Vice President Kamala Harris is the immediate focus for investors

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Lim Hui Jie

Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Asia-Pacific markets were higher on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year.
• China’s exports grew 8.7% year-on-year in August and imports grew 0.5%, customs data showed on Tuesday, compared to the forecast of 6.5% and 2% in a Reuters poll.

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Lim Hui Jie & Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Japan’s second-quarter GDP came in at 2.9% on an annualized basis, less than the 3.2% expected by economists polled by Reuters and the advance figure of 3.1%.
• China’s inflation rate grew 0.6% year-on-year, lower than the 0.7% expected from economists polled by Reuters. On a month-on-month basis, the CPI rose 0.4%, lower than the 0.5% expected.

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Lim Hui Jie

Key Points

• Japan’s household spending data for July rose 0.1% in real terms from the previous year, compared to a 1.2% rise expected from economists polled by Reuters, and a reversal compared to a 1.4% fall in June.
• Hong Kong’s markets will be shut today due to Super Typhoon Yagi.

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Lee Ying Shan@in/ying-shan-lee@LeeYingshan & Lim Hui Jie

Key Points

• Investors in Asia assessed July pay data out of Japan, which could provide more room to the Bank of Japan for raising rates.
• Average monthly cash earnings in the country rose 3.6% year-on-year, a softer rise compared to the 4.5% climb seen in June.
• Other economic data coming from the region include trade data from Australia and Singapore’s retail sales numbers.

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Lim Hui Jie

Key Points

• Chip giants Samsung Electronics and SK Hynix — both Nvidia suppliers — lost 3.45% and 8.02% respectively.
• However, mainland Chinese and Hong Kong indexes saw smaller losses compared to other markets.

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Lim Hui Jie

Key Points

• Among the economic data coming out from major markets in the region inflation numbers from South Korea, Australia’s second-quarter GDP data, as well as data on pay and household spending from Japan later this week.
• Over the weekend, China released its official PMI data for August. The manufacturing PMI fell to a six month low of 49.1, a faster contraction compared to the 49.4 seen in July.

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Lim Hui Jie

Key Points

• U.S. economic data such as initial jobless claims and a stronger second-quarter GDP number helped calm recessionary fears
• Traders in Asia assessed economic data out of Japan, including inflation in the capital city of Tokyo, which is widely considered a leading indicator of nationwide trends.

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