Japan's Nikkei 225 fell 2.2% amid averted technical recession; GDP expanded 0.4% in Q4 2022.
Japan stocks led Asia-Pacific losses amid averted technical recession, raising prospects for central bank rate hikes. Japan's Nikkei 225 fell 868.45 points, or 2.2%, to 38,820.49, as revised official data showed GDP expanded 0.4% in Q4 2022, averting a technical recession. Hong Kong's Hang Seng gained 1.4% to 16,587.57, while Shanghai Composite rose 0.7% to 3,068.46. China recorded its first monthly inflation after four months of deflation, with consumer price index climbing 0.7% year-on-year in February.
March 10, 2024
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