Asian Markets Decline Amid Economic Uncertainty, China Sees Inflation Return
Investors eye US CPI data for further signs of slowing inflation as Wall Street's rally takes a pause.
- Asian stock markets experienced a downturn, with Japan's Nikkei 225 index dropping by 2.5% amid revised economic growth figures.
- China exits deflation territory as consumer prices rise by 0.7% in February, marking the first inflation in four months.
- Investors are closely watching the upcoming US CPI data, expected to show a further slowing in core prices.
- Wall Street's rally pauses, with significant stocks like Nvidia experiencing notable declines.
- Global economic indicators suggest a cautious market sentiment, with mixed signals on inflation and economic growth.