{"id":63594,"date":"2025-08-29T08:38:16","date_gmt":"2025-08-29T08:38:16","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/08\/29\/asian-shares-mixed-ahead-of-us-pce-inflation-data\/"},"modified":"2025-08-29T08:38:16","modified_gmt":"2025-08-29T08:38:16","slug":"asian-shares-mixed-ahead-of-us-pce-inflation-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/08\/29\/asian-shares-mixed-ahead-of-us-pce-inflation-data\/","title":{"rendered":"Asian Shares Mixed Ahead Of US PCE Inflation Data"},"content":{"rendered":"
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Asian stocks ended mixed on Friday as caution prevailed ahead of a key U.S. inflation report due later in the day that might show core personal consumption expenditures prices rose 2.9 percent in July, the fastest pace in five months.<\/p>\n

Recent strong U.S. economic data soothed recession jitters but also fueled concerns about persistent inflation amid geopolitical factors like the Russian-Ukraine conflict. <\/p>\n

Analysts say that a higher-than-expected print may not take a September rate cut off the table.<\/p>\n

Federal Reserve Governor Christopher Waller on Thursday said he wants to start cutting U.S. interest rates next month.<\/p>\n

China’s Shanghai Composite index rose 0.37 percent to 3,857.93, extending its stellar performance through August driven by increased domestic liquidity. <\/p>\n

Hong Kong’s Hang Seng index edged up by 0.32 percent to 25,077.62 ahead of earnings reports from several heavyweights. <\/p>\n

Japanese markets<\/span> ended slightly lower due to profit taking on the final day of the month. <\/p>\n

The Nikkei average dipped 0.26 percent to 42,718.47, pressured by a strong yen and some weak economic readings, with factory output falling more than expected last month and retail sales growth coming in below estimates. <\/p>\n

The broader Topix index settled 0.47 percent lower at 3,075.18. Automakers led losses, with Honda Motor and Toyota Motor falling 1.3 percent and 1.6 percent, respectively. <\/p>\n

Seoul stocks ended lower due to foreign selling. The Kospi average slipped 0.32 percent to 3,186.01.<\/p>\n

Australian markets ended on a flat note but notched their best August performance in sixteen years as the corporate earnings season wrapped up. <\/p>\n

Across the Tasman, New Zealand’s benchmark S&P\/NX-50 index edged up by 0.21 percent to 12,930.73, extending gains from the previous session. <\/p>\n

Gold was poised for a monthly gain on a softer dollar and Fed rate cut hopes, while oil prices were moderately higher for the week. <\/p>\n

U.S. stocks rose overnight as traders reacted to highly anticipated earnings news from AI darling Nvidia and data showing a surprise rise in the second-quarter gross-domestic product estimate.<\/p>\n

Real GDP shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge, primarily reflecting upward revisions to investment and consumer spending.<\/p>\n

Separate data showed U.S. jobless claims fell to 229000 last week, signalling low layoffs.<\/p>\n

The S&P 500 added 0.3 percent to reach another new record closing high while the Dow edged up 0.2 percent and the tech-heavy Nasdaq Composite gained half a percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n