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Asian Shares Mixed Ahead Of US CPI Data
RTTNewsยท2025-09-11 08:41

Group 1 - Asian stocks ended mixed, with a drop in U.S. producer prices fueling hopes for Federal Reserve rate cuts, offsetting geopolitical tensions in South Asia [1] - Federal Reserve policymakers are expected to reduce short-term borrowing costs by a modest quarter of a percentage point, with a potential half-point cut if U.S. core CPI data underwhelms [1] - The headline CPI is estimated to have risen 2.9 percent year-on-year in August, the fastest pace since January, while the core measure is likely to hold at 3.1 percent [2] Group 2 - China's Shanghai Composite index rose 1.65 percent to 3,875.31, driven by renewed optimism about artificial intelligence [2] - Hong Kong's Hang Seng index dipped 0.43 percent to 26,086.32 due to profit-taking after reaching a four-year high [3] - Japan's Nikkei average jumped 1.22 percent to 44,372.50, hitting a new record high, boosted by gains in technology shares [4] Group 3 - Technology investor SoftBank surged nearly 10 percent following Oracle's aggressive outlook for its cloud services [5] - Seoul stocks reached a new record high as President Lee Jae Myung announced he would not pursue plans to revise capital gains tax on stock investments, with the Kospi average rising 0.90 percent to 3,344.20 [5] - Australian markets ended slightly lower, with the S&P/ASX 200 dropping 0.29 percent to 8,805, influenced by healthcare stocks and a significant drop in Nine Entertainment shares [6] Group 4 - The dollar rose modestly against a basket of currencies, while gold ticked lower and oil steadied after three days of gains amid geopolitical tensions [7] - U.S. stocks ended mixed, with the S&P 500 rising 0.3 percent and the tech-heavy Nasdaq Composite reaching new record closing highs [8]