市場分析

Asia Stocks Rise on China’s Stimulus Moves; Trade War and Recession Fears Linger

Amos Simanungkalit · 17 Mar47.6K 閱讀

Asian stock markets climbed on Monday, buoyed by optimism over China’s economy following Beijing’s targeted measures to stimulate spending. However, concerns over a U.S.-driven trade war and potential recession kept gains in check.

A rebound on Wall Street last Friday provided some support to regional markets, but this momentum faded as U.S. stock index futures declined during Asian trading hours. Investor sentiment remained cautious amid ongoing worries about trade tariffs and slowing global growth, as well as anticipation of key central bank meetings this week, particularly from the Federal Reserve and the Bank of Japan.

Chinese Stocks Gain on Stimulus Optimism

China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indices saw modest gains, while Hong Kong’s Hang Seng index surged up to 1%.

Investor confidence improved after Beijing introduced “comprehensive” measures aimed at boosting consumer demand and economic growth. The State Council’s report outlined plans to increase wages, provide more subsidies, and enhance social welfare to encourage private spending, which has been sluggish in recent years.

Economic data released on Monday showed that China’s industrial production exceeded expectations in the first two months of 2025, while retail sales met forecasts. Fixed asset investment also surpassed estimates, though the country’s unemployment rate saw an unexpected rise.

The anticipation of further stimulus measures, coupled with growing interest in China’s artificial intelligence sector, has fueled a strong market rally this year. However, most of the buying activity has been concentrated in Hong Kong. A key decision on China’s loan prime rate is expected later this week.

Japan’s Nikkei Rises Ahead of BOJ Decision

Japan’s Nikkei 225 gained 1.1%, while the broader TOPIX index increased by 1.2%.

Investors are closely watching the Bank of Japan’s meeting this week, where the central bank is widely expected to maintain interest rates. However, market participants are eager for any signals regarding potential rate hikes later this year, especially given Japan’s rising inflation, wage growth, and strong economic performance.

Other Asian Markets Show Gains

Australia’s ASX 200 index rose 0.6%, though it pared some gains after Treasurer Jim Chalmers warned of higher inflation and slower growth due to Cyclone Alfred’s impact.
Singapore’s Straits Times index climbed 0.7%, supported by stronger-than-expected month-on-month export growth. However, year-on-year export performance still fell short of expectations.
South Korea’s KOSPI jumped 1.4% as investors bought into major tech stocks at lower prices. However, sentiment remained fragile ahead of a court ruling on the impeachment of President Yoon Suk Yeol, whose attempt to impose martial law in December sparked nationwide protests.
Futures for India’s Nifty 50 index pointed to a mildly positive opening, as the market attempted to recover from persistent losses since late 2024. Investors awaited India’s wholesale inflation data, set for release later on Monday.

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