Asia-Pacific markets trade mixed after Nasdaq extends gains backed by technology

CNBC Pro: This global lithium stock is up 15% since its IPO — and one bank says it could go almost 600%

According to investment bank Canaccord Genuity, shares of a UK-based lithium exploration and development company could rise as much as 600 percent.

Analysts at the bank say the stock has been “flying under the radar” since 2022 despite battery-grade lithium carbonate prices rising in 2022.

CNBC Pro subscribers can read more here.

– Ganesh Rao

Chinese officials are in contact with Moderna, Pfizer about the vaccine and the medicine

Moderna CEO says we are in discussions with the Chinese government about the Covid vaccine

Moderna CEO Stephane Bancel said the company is discussing its vaccine with Chinese authorities.

“We are in discussion with the Chinese government and we have been in agreement for a long time,” Bancel said.

“We’re actively in discussion. I hope something will happen. But, of course, it’s the Chinese government’s decision where it ultimately goes,” he said in an interview with CNBC’s Sara Eisen and Meg Tirrell. .

He also said, at this stage, there are no other developments to announce.

Pfizer CEO: 2022 was one of the most successful years in our company's history

In a separate interview, Pfizer CEO Albert Bourla said the company is working “extremely” with the Chinese government and is sending its Covid vaccine, Paxlovid, as the nation faces a wave of infections.

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“We’re trying to understand what their policy is and what their needs are,” Bourla told Tirrell. “So far, they’ve shown a lot of interest in Paxlovid.”

The CEO said Pfizer had been sending “very small quantities” to China since the drug was registered there months ago, but was now sending more as cases increased.

Bourla then added: “We are sending as much Paklovid as we can. Our production machines are working to be able to supply at this stage.”

– Jihye Lee, Sara Eisen, Meg Tirrell

South Korea’s budget has turned from surplus to deficit for the first time since August

South Korea’s current account balance slipped into deficit territory for the first time since August, government data showed.

According to Bank of Korea statistics, the nation’s balance of payments recorded a deficit of $620 million in November. South Korea recorded an increase in its current account balance in the past two months after posting a deficit of more than $3 billion in August.

The goods account recorded a deficit of $1.57 billion, a sharp decline from a surplus of $6.07 billion a year ago. The services account recorded a deficit of $270 million, a slight increase from another deficit of $340 million seen a year ago.

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– Jihye Lee

CNBC Pro: China’s opening excites Wall Street. Here’s how to play it

Beijing’s sudden and swift lifting of its strict Covid-19 controls after nearly three years has raised hopes that its battered economy can follow a similarly swift recovery.

From hotels and airlines, to “less obvious beneficiaries,” Wall Street analysts are naming their Chinese and global stocks to play the opening.

Pro subscribers can read more here.

– Zavier Ong

Tokyo’s consumer price index rose 4%, faster than expected

Japan saw core consumer prices in its capital rise 4% on an annual basis in December, faster than expected and above the Bank of Japan’s inflation target of 2%, government data showed.

Economists polled by Reuters had expected to see a 3.8 percent increase in the prices of basic goods, excluding fresh food and including fuel.

Tokyo inflation is seen as a benchmark for the nationwide inflation print, which is scheduled to be released later this month on January 20.

– Jihye Lee

Consumers see inflation, spending declines next year, according to the New York Fed Survey

CNBC Pro: Platinum prices are rising. Buying these up-rated stocks can be a way to cash in

Dow, S&P 500 close as Nasdaq posts second day of gains

The market is closed on Monday, ya Dow and S&P 500 although both traded lower earlier in the day.

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The S&P 500 hovered around the flat line at midday, closing up just 0.1%. The Dow ended up 0.3% as investors focused on growth names as expectations of cooling inflation rose.

But ya Nasdaq Composite It ended up 0.6%, helped by a nearly 6% rally in Tesla and a jump in other tech names.

Losses have been heavy in recent winners, such as health care, energy and aerospace and defense.

– Alex Harring, Scott Schnipper

Tesla is up 7 percent as electric vehicle stocks fall from a year-and-a-half low

Tesla It rose more than 7% as investors lifted the electric vehicle maker from earlier lows not seen in two and a half years.

The share is expected to increase by 12% in 2022. This means that the first few trading days offered a rebound after falling 65 percent in 2022.

Tesla has struggled in recent months amid CEO Elon Musk’s chaotic acquisition of Twitter. Investors watch Tesla and The night for insights into how some of tech’s biggest names will fare after the industry crashed last year.

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