Asian Markets Mixed as Investors Eye Earnings, Central Banks After Wall Street Drop
• Asian shares mostly lower after Wall Street drop; Tokyo benchmark hit 30-year high before ending down 0.4%
• Official data shows Chinese economy grew 5.2% in 2023, surpassing about 5% target
• Investors eyeing upcoming earnings reports and potential central bank moves
• Analysts forecast strong 11.8% earnings growth for S&P 500 companies in 2024
• Traders betting on more Fed rate cuts through 2024 than Fed has indicated, raising potential for market swings