Asian stocks steady after China GDP beat; bond yields sag

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TOKYO: Asian stocks edged up on Friday, drawing support from unexpectedly strong growth in China's economy at the end of last year, although gains were limited by caution ahead of Donald Trump's inauguration as U.S.president next week.

Meanwhile, crude oil headed for a fourth consecutive weekly advance as the latest U.S.sanctions on Russian energy trade hit supply and pushed up spot prices and shipping rates.

They indicated wage growth would likely remain strong this year and Japan was progressing towards durably hitting its inflation target.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapan

Topics: Economy Asian /Business/Business News Hang Seng Donald Trump Nikkei Markets MSCI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 15:47:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 766 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25215091

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 16 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 10 hours ago

Coverage Areas: Malaysia

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Publisher ID: #22

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