"China's 'Two Sessions' Meeting Sparks Market Slip, Gold Hits Record High"
TL;DR
Asia-Pacific markets fell as China's "Two Sessions" meeting began, with China projecting a GDP growth target of "around 5%" for 2024 and a 7.2% increase in defense spending. Gold prices set new records as traders bet on potential Federal Reserve interest rate cuts. Meanwhile, Japan's inflation rebounded, South Korea's GDP grew 0.6% in Q4, and Australia's current account surplus widened. Additionally, UBS recommends diversifying assets to take advantage of the ongoing tech rally.
Topics:businessfinance-and-economy#asia-pacific-markets#china#defense-spending#economic-growth#finance-and-economy#gold-prices
- Asia markets slip as China's 'Two Sessions' meeting gets underway; gold sets new record CNBC
- National People's Congress: China sets ambitious 2024 economic target BBC.com
- Stocks skid as China's NPC disappoints, bitcoin nears record Reuters
- China sets ambitious economic growth target of ‘around 5%’ for 2024, vows to ‘transform’ economy CNN
- Stock Market Today: Dow, S&P Live Updates for March 5 Bloomberg
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