MNI China Daily Summary: Thursday, January 16

MNI: ITALY DEC FINAL HICP 0.1% M/M, 1.4% Y/Y

MNI: GERMANY FINAL DEC HICP 2.8% Y/Y, 0.7% M/M

MNI BRIEF: China Shipbuilding Up 13.8% In 2024

MNI: PBOC Net Injects CNY336.4 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1881 Thurs; -2.18% Y/Y

MNI: UK NOV GDP 0.1% M/M, 0.0% 3M/3M, 1.0% 3M Y/Y

MNI: GERMAN DEC CPI +2.2 % Y/Y

MNI: UK NOV TRADE BALANCE GBP -4.76BN

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ASIA STOCKS: Asian Equities Rally Following Cooling US CPI Data

ASIA STOCKS
EM BulletFixed Income BulletsBulletAPACEmerging Market NewsForeign Exchange BulletsMarkets

Asian stocks extended gains for a third day, supported by cooling US core inflation, which renewed expectations for Federal Reserve easing this year. The MSCI Asia Pacific Index climbed 1.2% at one point, it trades 0.90% now, the yen strengthened on reports of a potential Bank of Japan rate hike next week. US inflation data showed core CPI rising 0.2% in December, its slowest pace in six months, bolstering investor confidence. Fed officials acknowledged progress on disinflation but emphasized the 2% target remains distant. Swap traders now fully price in a Fed rate cut by July. 

  • Taiwan equities are leading gains as TSMC rallied 4.60% on optimism ahead of its quarterly results due out today. The TAIEX is 2.75% higher.
  • South Korea's Kospi rose 1.1%, despite the central bank surprising the market and keeping rates unchanged.
  • Japan's Nikkei is trading 0.30%, while the TOPIX is unchanged, even as reports suggested the Bank of Japan may hike rates soon with the market now pricing in 88% chance of a hike in Jan and 94% for March.
  • Hong Kong stocks advanced with the HSI +0.80%, while China mainland equities are unchanged to slightly higher, supported by tech and home appliance shares, while RedNote-related stocks extended their rally amid potential TikTok bans.
  • Australia's ASX200 is 1.40% higher, after Financials rallied after US lenders reported strong full-year results and notched their second-most profitable year ever in 2024.
  • Key upcoming events include ECB meeting minutes, US jobless claims and retail sales data, China’s GDP, and Eurozone CPI.
247 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Asian stocks extended gains for a third day, supported by cooling US core inflation, which renewed expectations for Federal Reserve easing this year. The MSCI Asia Pacific Index climbed 1.2% at one point, it trades 0.90% now, the yen strengthened on reports of a potential Bank of Japan rate hike next week. US inflation data showed core CPI rising 0.2% in December, its slowest pace in six months, bolstering investor confidence. Fed officials acknowledged progress on disinflation but emphasized the 2% target remains distant. Swap traders now fully price in a Fed rate cut by July. 

  • Taiwan equities are leading gains as TSMC rallied 4.60% on optimism ahead of its quarterly results due out today. The TAIEX is 2.75% higher.
  • South Korea's Kospi rose 1.1%, despite the central bank surprising the market and keeping rates unchanged.
  • Japan's Nikkei is trading 0.30%, while the TOPIX is unchanged, even as reports suggested the Bank of Japan may hike rates soon with the market now pricing in 88% chance of a hike in Jan and 94% for March.
  • Hong Kong stocks advanced with the HSI +0.80%, while China mainland equities are unchanged to slightly higher, supported by tech and home appliance shares, while RedNote-related stocks extended their rally amid potential TikTok bans.
  • Australia's ASX200 is 1.40% higher, after Financials rallied after US lenders reported strong full-year results and notched their second-most profitable year ever in 2024.
  • Key upcoming events include ECB meeting minutes, US jobless claims and retail sales data, China’s GDP, and Eurozone CPI.