Asia-Pacific markets mostly rise after Wall Street gains overnight – CNBC

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The Nikkei 225 gained 0.15% to close at 39,572.49, while the broader Topix index was up 0.24% to close at 2,788.66.The Tokyo consumer price index, excluding fresh food, rose 2.5% year on year in January, compared with 2.4% in the previous month. The latest reading is in line with Reuters’ estimates.Japan’s unemployment rate for December fell to 2.4% from 2.5% in the previous month, missing Reuters estimates of 2.5%.Meanwhile, Japan’s retail sales for December climbed 3.7% from the previous year, while its industrial output figures for December grew at 0.3%, month on month, from the 2.2% drop in the month before.South Korea’s Kospi retreated 0.77% to end the day at 2,517.37 while the small-cap Kosdaq closed flat at 728.29, after a four-day break.Over in Australia, the S&P/ASX 200 rose for the third consecutive day to close at an all-time high. The index climbed 0.45% to 8,532.30.The country’s producer price index rose 3.7% through the year to the December 2024 quarter, data released on Friday from the Australian Bureau of Statistics revealed.Meanwhile, Indian stocks were trading higher ahead of the country’s Union Budget on Saturday. The benchmark Nifty 50 had gained 1.18%, while the BSE Sensex index advanced 0.94% as of 1.30 pm. local time.Hong Kong and Chinese markets remain closed for the Lunar New Year holiday.Overnight in the U.S., all three major indexes rose.The Dow Jones Industrial Average climbed 168.61 points, or 0.38%, closing at 44,882.13. At its session highs, it had added nearly 300 points. The S&P 500 rose 0.53% to 6,071.17, while the Nasdaq Composite gained 0.25% to end at 19,681.75.Stocks cut gains late in the session after U.S. President Donald Trump announced his intentions to implement 25% tariffs U.S. imports from Canada and Mexico.— CNBC’s Lisa Kailai Han and Sean Conlon contributed to this report.Shares of SK Hynix plunged as much as 11.8% Friday as the South Korean market re-opened after a four-day break.The chipmaker is a key supplier to Nvidia and is under the pressure following Chinese AI startup DeepSeek’s challenge to America’s global leadership in artificial intelligence. South Korea’s Samsung Electronics is also showing weakness, with its shares down 2.61%. The company’s fourth-quarter profit missed estimates, and fell sharply from the previous quarter on the back of higher costs.— Amala Balakrishner, Dylan ButtsGold futures notched a new all-time high as investors assessed the latest GDP data from the U.S.Gold futures on the New York Mercantile exchange were trading at $2,852.5 per ounce.”Today’s leg higher can be explained by the release of the fourth quarter US GDP growth data, which slowed more than expected,” said Trevor Yates, senior investment analyst at Global X ETFs.Yates expects that the slower-than-expected GDP data could lead the Fed to be “increasingly dovish, letting inflation run hotter for longer and therefore pushing real rates lower.”Gold prices tend to share an inverse relationship with interest rates.— Lee Ying ShanAustralia’s producer price index rose 3.7% through the year to the December 2024 quarter, data released on Friday from the Australian Bureau of Statistics revealed.This is the index’s lowest reading since the December 2021 quarter.On a quarterly basis, the index climbed 0.8%.— Amala BalakrishnerJapan’s retail sales for December 2024 climbed 3.7% year on year to hit a six-month high, according to data from the Ministry of Economy, Trade and Industry.The latest reading surpasses the 3.2% year on year rise forecast by Reuters and 2.8% increase in the previous month.— Amala BalakrishnerTokyo consumer price index for January climbed 3.4% year on year, from 3% the month before, according to data released by the Statistics Bureau of Japan on Friday.The Tokyo consumer price index, excluding fresh food, rose 2.5% year on year in January, compared with 2.4% in the previous month. The latest reading is in line with Reuters’ estimates.Tokyo inflation data is considered a key indicator of overall growth in prices in Japan. — Amala BalakrishnerThe U.S. dollar rose against other currencies Thursday afternoon after President Trump said he would impose a 25% tariff on Mexico and Canada.The ICE U.S. Dollar Index turned positive on the day after the comments, trading at 108.07. The index, which measures the greenback against a basket of currencies, was trading near 107.76 before the remarks.The dollar also rose against the Canadian dollar and Mexican peso individually.— Jesse PoundThe major averages cut gains late in the day after President Donald Trump said he would slap a 25% tariff on goods from Mexico and Canada, two key U.S. trade partners.The Dow, which was up nearly 300 points at one point, briefly turned negative before rebounding. The S&P 500 and Nasdaq were also off their highs.— Fred ImbertThe S&P Information Technology Sector was trading 1% lower on Thursday, leading the index’s declines for the day.The sector is also the worst performing of the week, down 4% and on pace for its worst weekly performance since September 2024. Tech remains the sole negative sector so far this year.Nvidia, down 16% on the week, leads the sector’s declines. Super Micro Computer, Teradyne, ServiceNow and Arista Networks are all down 11% or more on the week.— Nick Wells, Lisa Kailai HanInformation technology is down 4.5% week to date, making it the biggest decliner in the S&P 500 during the period.Nvidia’s 16.1% drop during the period has led the sector lower. Fellow chipmaker Super Micro Computer has sold off nearly 15%, followed by Hewlett Packard Enterprise and Juniper Networks down around 13% each.Utilities and industrials have dropped more than 1% for the week, while energy has shed 0.9%.Meanwhile, consumer staples has outperformed the broader market. The sector is up 2.8%, led by J.M. Smucker, Kroger and Costco, which have jumped more than 4% each.— Hakyung KimGot a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
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Source: https://www.cnbc.com/2025/01/31/asia-markets-live-updates-japan-data.html