Hang Seng Index, Nikkei 225, ASX 200: HSI and ASX 200 Fall on China Woes
==========
The Hang Seng Index, Nikkei 225, and ASX 200 all fell due to concerns about the Chinese economy. The Hang Seng Index slid by 1.40%, while the ASX 200 declined by 0.44%. Real estate and tech stocks saw heavy losses in Hong Kong, while mining and oil-related stocks contributed to the losses in Australia. The Asian equity markets struggled despite rising bets on a September Fed rate cut. Average hourly earnings figures from Japan tested investor bets on a July Bank of Japan rate hike. Average hourly earnings increased 1.9% year-on-year in May after rising 1.6% in April, lower than economists' expectations. Iron ore prices also tumbled over concerns about the Chinese economy. The Nikkei Index rose by 0.04% on Monday morning, while the Shenzhen Composite and CSI 300 in Mainland China saw losses. Overall, investor uncertainty about the July BoJ monetary policy decision and the Chinese economic outlook tested buyer demand for riskier assets.
#HangSengIndex #Nikkei225 #Asx200 #ChinaEconomy #AsianEquityMarkets
https://www.fxempire.com/forecasts/article/hang-seng-index-nikkei-225-asx-200-hsi-and-asx-200-fall-on-china-woes-1444350
FX Empire /
npub1lj…9zjdc
2024-07-08 04:16:09
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wss://relay.damus.ioPublished at
2024-07-08 04:16:09Event JSON
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"content": "Hang Seng Index, Nikkei 225, ASX 200: HSI and ASX 200 Fall on China Woes\n==========\n\nThe Hang Seng Index, Nikkei 225, and ASX 200 all fell due to concerns about the Chinese economy. The Hang Seng Index slid by 1.40%, while the ASX 200 declined by 0.44%. Real estate and tech stocks saw heavy losses in Hong Kong, while mining and oil-related stocks contributed to the losses in Australia. The Asian equity markets struggled despite rising bets on a September Fed rate cut. Average hourly earnings figures from Japan tested investor bets on a July Bank of Japan rate hike. Average hourly earnings increased 1.9% year-on-year in May after rising 1.6% in April, lower than economists' expectations. Iron ore prices also tumbled over concerns about the Chinese economy. The Nikkei Index rose by 0.04% on Monday morning, while the Shenzhen Composite and CSI 300 in Mainland China saw losses. Overall, investor uncertainty about the July BoJ monetary policy decision and the Chinese economic outlook tested buyer demand for riskier assets.\n\n#HangSengIndex #Nikkei225 #Asx200 #ChinaEconomy #AsianEquityMarkets\n\nhttps://www.fxempire.com/forecasts/article/hang-seng-index-nikkei-225-asx-200-hsi-and-asx-200-fall-on-china-woes-1444350",
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