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2024-07-25 04:12:00

FX Empire on Nostr: Hang Seng Index, Nikkei Index, ASX 200: Yen Gains and Tech Rout Trigger Sharp Losses ...

Hang Seng Index, Nikkei Index, ASX 200: Yen Gains and Tech Rout Trigger Sharp Losses
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Asian equity markets suffer heavy losses; US equity markets set the tone with heavy losses in the tech sector; Growth concerns about China and a stronger Japanese yen impact market risk sentiment; Hang Seng Index declines by 1.09% with tech stocks dragging the index down; Nikkei Index tumbles by 2.76% as USD/JPY drops below 153; ASX 200 Index is down 1.17% with tech stocks leading the losses; Chinese economy expands by 4.7% in Q2 2024, falling short of market expectations; Lack of meaningful fiscal stimulus from China raises doubts about meeting 5% growth forecast for 2024.

#HangSengIndex #NikkeiIndex #Asx200 #Yen #TechRout #Losses #UsEquityMarkets #China #JapaneseYen #GrowthConcerns #TechStocks #Usd/jpy #ChineseEconomy #FiscalStimulus

https://www.fxempire.com/forecasts/article/hang-seng-index-nikkei-index-asx-200-yen-gains-and-tech-rout-trigger-sharp-losses-1448624
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