Hong Kong stocks briefly notch 2%; China reports inflation data in line with expectations - CNBC

Wall Street pros are progressively sounding the alarm connected a looming recession.

As economical maturation slows and ostentation stays higher for longer, however should investors position? Veteran capitalist Nancy Tengler shares her favourite dividend stocks with CNBC.

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— Zavier Ong

Beijing's "U-turn" connected Covid policies is starring to some disorder and optimism, said Steven Lynch, managing manager astatine the British Chamber of Commerce successful China.

"There's a batch of optimism and anticipation for 2023, but determination is immense amounts of confusion," helium told CNBC's "Squawk Box Asia," describing the departure from strict Covid rules arsenic happening "almost overnight."

He said determination whitethorn inactive beryllium "enormous inconsistencies" betwixt section policies and the cardinal government's rules, and radical stay acrophobic astir falling sick.

"One happening is precise wide Covid is present here. Covid is beauteous rife present successful Beijing. And I deliberation that brings a full caller acceptable of challenges to what's going to look China," helium said.

— Abigail Ng

China's ostentation is apt to enactment beneath 3% successful the adjacent 12 to 18 months, and the cardinal slope is comfy with this range, according to Jack Siu, Greater China main concern serviceman astatine Credit Suisse.

"We don't deliberation CPI is an contented successful China, successful fact, it's going to beryllium remaining dependable wrong this scope of 1% to 3% successful the foreseeable future," helium told CNBC's "Street Signs Asia." Inflation soared successful galore economies, but user prices successful China remained mean owed to anemic demand.

But China is apt to spot "a resurgence successful user activity" successful the coming six months arsenic radical get utilized to surviving with the microorganism aft immoderate backmost and distant successful the reopening of the economy, Siu said.

"In the 2nd quarter, we expect the GDP to rally to 6.1% — partially it's basal effects, partially due to the fact that radical are surviving much normally," helium said.

— Abigail Ng

China's shaper terms scale fell 1.3% successful November compared to a twelvemonth ago, extending its diminution aft shedding 1.3% successful October, and somewhat beating estimates for a 1.4% contraction successful a Reuters poll.

The nation's user terms scale roseate 1.6% successful November connected an annualized basis, successful enactment with expectations and easing from October's speechmaking of 2.1%.

The onshore and offshore Chinese yuan strengthened, and were astir 6.94 per dollar soon aft the economical information releases.

— Lee Ying Shan

Some planetary user tech companies could summation arsenic China relaxes immoderate Covid-19 restrictions, and shares of 4 firms could emergence by much than 40%, according to HSBC.

The Asia-focused slope said a faster-than-expected betterment of user electronics successful the coming months would payment these companies.

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— Ganesh Rao

South Korea registered a existent relationship surplus of $880 cardinal successful October, a diminution from September's $1.6 billion.

Direct concern assets successful South Korea accrued by $2.75 billion, compared to $4.74 cardinal a period ago. Direct concern liabilities accrued from $430 cardinal to $810 million.

South Korea has been posting a existent relationship surplus for the year, but for the months of July and August. A existent relationship surplus indicates that a state sells much to the satellite than it buys from extracurricular its borders.

— Lee Ying Shan

Stocks closed higher, with the S&P 500 snapping its longest losing streak since October.

The S&P added 0.75% to decorativeness astatine 3,963.51. The Dow Jones Industrial Average gained 183.56 points, oregon 0.55%, to settee astatine 33,781.48, portion the Nasdaq Composite rallied 1.13% to extremity astatine 11,082.00.

— Samantha Subin

The outgo of financing a location has ticked little for a 4th consecutive week, according to Freddie Mac.

The play mean complaint connected a 30-year owe is present 6.33%, down from 6.49% past week. Over the past month, the involvement complaint connected these loans has travel down astir 75 ground points: On Nov. 10, the mean complaint connected a fixed 30-year owe was 7.08%.

Even with the diminution successful the abbreviated term, the outgo of financing a location indebtedness is up importantly from a twelvemonth ago. Last twelvemonth astatine this time, the complaint connected a 30-year owe averaged 3.1%.

Despite the diminution successful rates, request for location loans continues to decline. Mortgage exertion volume slid 1.9% past week, compared to the week earlier that, according to the Mortgage Bankers Association.

— Darla Mercado, Diana Olick

The output curve inverts erstwhile shorter-term Treasury rates emergence supra longer-term yields. Many economists presumption the 2-year 10-year portion of the output curve arsenic much predictive of a imaginable recession.

Cathie Wood pointed to that portion of the output curve, which is the astir inverted since the aboriginal 1980s. The fashionable capitalist said the enslaved marketplace is signaling that the Federal Reserve is making a "serious mistake" with its jumbo complaint hikes.

— Yun Li