Semiconductor-related stocks such as Advantest jumped more than 6%, while Taiwan Semiconductor Manufacturing Company, SK Hynix and MediaTek increased 1.38%, 4% and 3.25% respectively.
Asia-Pacific markets were mostly mixed Wednesday as Australia's inflation rate climbed for a third straight month and semiconductor-related stocks jumped.rate for May came in at 4%, compared with the 3.6% recorded in April. The core inflation rate also came in at 4%, higher than the 3.8% expected by a Reuters poll of economists.
Singapore's May factory output will also be released Wednesday, with a Reuters poll of economists predicting a 2% year-on-year growth rate, as compared to a 1.6% decline recorded in April.The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clearFeeling out of the loop? We'll catch you up on the Chicago news you need to know.
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Asia-Pacific markets mostly rise ahead of Australia's May inflation dataAustralia's weighted consumer price index for May is expected to be at 3.8%, according to a Reuters poll of economists, higher than the 3.6% recorded in April.
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Asia-Pacific markets mostly lower ahead of Australia's May inflation figuresAustralia’s weighted consumer price index is expected to be 3.8% in May, according to Reuters poll of economists, higher than the 3.6% recorded in April.
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Asia-Pacific markets slip as investors await Australia and Japan inflation data later this weekInvestors in Asia will assess Australia's CPI data on Wednesday after RBA considered hiking rates at its last meeting.
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Asia-Pacific markets slip; Australia and Japan inflation readings expected this weekInvestors in Asia will look toward Australia’s CPI data on Wednesday, after the RBA considered hiking rates at its last meeting.
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Asia-Pacific markets set for lower open; Australia and Japan inflation readings expected this weekInvestors in Asia will look toward Australia’s CPI data on Wednesday, after the RBA considered hiking rates at its last meeting.
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