Hang Seng Index, ASX 200, Nikkei 225: HSI Up Amid US Uncertainty and PBoC Rate Cuts
==========
The Hang Seng Index rose on July 22 despite negative market sentiment in Asia due to US President Joe Biden withdrawing from the US Presidential Election race. The People’s Bank of China unexpectedly cut one-year and five-year loan prime rates, which supported the Hang Seng Index. The US tech sector experienced a decline due to a global IT outage caused by a Crowdstrike software update. The Dow and Nasdaq Composite Index ended the Friday session down, while the S&P 500 declined. Biden's withdrawal from the election race could increase Trump's chances of winning, potentially leading to increased US-China trade tensions. The People's Bank of China cut loan prime rates and the Reserve Requirement Ratio to boost the Chinese economy. The Hang Seng Index and tech stocks in Hong Kong saw gains, while mainland China's equity markets declined. The Nikkei Index in Japan also slid, and the ASX 200 Index in Australia fell due to losses in mining, oil, and banking stocks. The Chinese economy expanded by 4.7% in Q2 2024, down from 5.3% in Q1. Traders should monitor US politics and the Chinese economy for potential impacts on market risk appetite.
#HangSengIndex #Asx200 #Nikkei225 #UsUncertainty #PbocRateCuts
https://www.fxempire.com/forecasts/article/hang-seng-index-asx-200-nikkei-225-hsi-up-amid-us-uncertainty-and-pboc-rate-cuts-1447620
FX Empire /
npub1lj…9zjdc
2024-07-22 04:25:48
Author Public Key
npub1ljmz9hjq6kkwm5ltqfc6dpw9ytalhtnf7sgp4r75dqvtsq2wz9sqp9zjdcSeen on
wss://relay.damus.ioPublished at
2024-07-22 04:25:48Event JSON
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"content": "Hang Seng Index, ASX 200, Nikkei 225: HSI Up Amid US Uncertainty and PBoC Rate Cuts\n==========\n\nThe Hang Seng Index rose on July 22 despite negative market sentiment in Asia due to US President Joe Biden withdrawing from the US Presidential Election race. The People’s Bank of China unexpectedly cut one-year and five-year loan prime rates, which supported the Hang Seng Index. The US tech sector experienced a decline due to a global IT outage caused by a Crowdstrike software update. The Dow and Nasdaq Composite Index ended the Friday session down, while the S\u0026P 500 declined. Biden's withdrawal from the election race could increase Trump's chances of winning, potentially leading to increased US-China trade tensions. The People's Bank of China cut loan prime rates and the Reserve Requirement Ratio to boost the Chinese economy. The Hang Seng Index and tech stocks in Hong Kong saw gains, while mainland China's equity markets declined. The Nikkei Index in Japan also slid, and the ASX 200 Index in Australia fell due to losses in mining, oil, and banking stocks. The Chinese economy expanded by 4.7% in Q2 2024, down from 5.3% in Q1. Traders should monitor US politics and the Chinese economy for potential impacts on market risk appetite.\n\n#HangSengIndex #Asx200 #Nikkei225 #UsUncertainty #PbocRateCuts\n\nhttps://www.fxempire.com/forecasts/article/hang-seng-index-asx-200-nikkei-225-hsi-up-amid-us-uncertainty-and-pboc-rate-cuts-1447620",
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