Investors will be keeping an eye on China’s trade figures, as well as Singapore’s GDP numbers, which could see the impact of…
Asia-Pacific markets were mixed Friday after an inflation-fueled selloff in the previous session, with investor assessing economic data from Singapore and South Korea while awaiting China trade numbers.
Singapore's first-quarter gross domestic product climbed 2.7% year on year, advance estimates showed, faster than the 2.2% growth recorded in the last quarter of 2023. South Korea's March unemployment rate rose to 2.8%, while investors awaited the Bank of Korea's rate decision.reported that the company would transition its Mac product line to artificial intelligence-focused chips. The iPhone maker registered its best day since May 2023.The labor force participation rate stood at 64.3% in March, up 0.2 percentage points year on year.
But the geopolitical risk that lifted prices in the previous session pulled back on Thursday as the attack has not materialized yet, according to Phil Flynn, senior market analyst at the Price Futures Group.shares added 1.7% Thursday and hit an all-time high. This marked the first time the stock notched a record high since July 2021.his annual shareholder letter on Thursday, where he pledged to lower costs while furthering investments in new areas such as artificial intelligence.
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