More
    HomeAsian economyMajor Asian markets closed for holidays, China economic data disappoints | Capital...

    Major Asian markets closed for holidays, China economic data disappoints | Capital Market News

    Published on

    Asian stocks ended mixed on Monday in thin holiday trade as a slew of Chinese data disappointed and caution prevailed ahead of the Fed, BoJ and BoE policy meetings this week, with central banks in Japan and the U.K. both expected to stand pat on rates.

    Upcoming U.S. retail sales and industrial production data also remained on investors’ radar.

    The dollar weakened while gold held near record highs as investors assessed the chances of an outsized rate cut move by the Federal Reserve on September 18.

    Markets in China, Japan, South Korea and Indonesia were closed for holidays.

     

    Hong Kong’s Hang Seng index ended 0.31 percent higher at 17,422.12, reversing an early slide after economic data from China over the weekend disappointed.

    Chinese industrial production and retail sales grew less than expected in August, home prices fell at the fastest pace in nine years and unemployment rose, adding to concerns over economic recovery and bolstering the case for additional economic stimulus.

    Powered by Capital Market – Live News

    Disclaimer: No Business Standard Journalist was involved in creation of this content

    First Published: Sep 16 2024 | 3:15 PM IST

    Source link

    Latest articles

    Social Factors Linked to Heart Health in Asian Americans

    Statement Highlights: There are a variety of interrelated social and structural factors that contribute...

    Asian markets wobble ahead of Fed as China fears dent sentiment

    Asian investors trod cautiously Monday as they struggled to build on recent equity gains,...

    China frees American pastor who U.S. claims was wrongly jailed

    China has freed David Lin, a U.S. pastor who had been in jail since...

    More like this

    Asia stocks on tenterhooks as Fed faces crunch time ahead of rate cut | News on Markets

    "We agree it is likely to be a close call, but we also believe...

    Stock Market LIVE Updates: GIFT Nifty signals higher open for India markets; Asia markets mixed | News on Markets

    Stock Market LIVE Updates, Monday, September 16, 2024: Indian equity benchmark indices were likely...