### Summary
Asian stocks were mixed as traders awaited the Federal Reserve's summer conference to determine if more interest rate hikes are necessary to deal with inflation.
### Facts
- 📉 Shanghai and Hong Kong stocks retreated, while Tokyo and Seoul stocks advanced.
- 📉 The Hang Seng in Hong Kong lost 1.1%.
- 📈 The Nikkei 225 in Tokyo advanced 0.6%.
- 📈 The Kospi in Seoul gained 0.6%.
- 📊 The S&P 500 index ended the week lower by 0.1%.
- 💵 Some investors are shifting money to bonds as higher interest rates make their payout bigger and less risky.
- 💹 Tech and other high-growth stocks are some of the biggest losers due to higher rates.
- 📉 Ross Stores jumped 5% after reporting stronger-than-expected results, while Estee Lauder fell 3.3% despite reporting stronger profit and revenue than expected.
- ⛽ Benchmark U.S. crude gained 73 cents to $81.39 per barrel, while Brent crude reached $85.55 per barrel.
- 💲 The dollar slightly edged up to 145.35 yen, while the euro rose to $1.0882.
(Source: AP News)
Asian stocks, particularly Chinese markets, may find some relief after Wall Street's resilience in the face of rising bond yields, though economic data from China remains underwhelming and foreign investors continue to sell Chinese stocks.
Asian stock markets rebounded from an eight-day losing streak, supported by a recovery in Chinese shares, while benchmark Treasury yields reached a 16-year high on concerns of sustained high interest rates.
Asian markets are expected to follow the global trend of weakness in stocks, a buoyant dollar, elevated bond yields, and souring investor sentiment, with no major catalysts to change the current market condition.
Asia-Pacific markets fell ahead of the Jackson Hole meeting as investors anticipated signals on U.S. monetary policy, with Japan's Nikkei 225 leading losses, while Meituan shares dipped after a weaker Q3 outlook.
Asian stock markets mostly lower as Japanese factory activity and Chinese service industry growth weaken, while Wall Street's benchmark S&P 500 rises on hopes that economic data will convince the Federal Reserve that inflation is under control.
Asia-Pacific markets fall as traders prepare for the arrival of Typhoon Saola and await China's manufacturing PMI data, while the Nasdaq Composite suffers its worst month since December 2022.
Most Asian stocks fell on Tuesday due to concerns over slowing growth in China, a property sector meltdown, and hot inflation readings, which raised concerns over higher interest rates. Chinese stocks were the worst performers, with investors growing impatient with Beijing's slow approach to stimulus measures.
Wall Street's main indexes fell in choppy trade due to rising Treasury yields and weak services activity in China, while gains in energy stocks limited losses; however, expectations of a pause in Fed monetary tightening boosted growth stocks.
Asia stocks fall as weak economic data in China and Europe raise concerns over global growth, while the dollar strengthens as investors assess the outlook for U.S. interest rates.
Asia-Pacific equity markets finished mixed, with Australia's ASX All Ordinaries and South Korea's KOSPI falling, while Taiwan's TAIEX and Hong Kong's Hang Seng declined slightly; European markets are flat to lower, and U.S. equity futures point to a lower open.
Asian shares fell and the dollar's rally stalled as the greenback weakened against most major currencies; concerns over Apple's iPhone sales in China and the expansion of a ban on iPhones in sensitive departments in China to government-backed agencies and state companies also weighed on sentiment.
Summary: Asian shares mostly decline as investors await U.S. consumer price data and the Federal Reserve's decision on interest rates.
Global markets ended higher as energy stocks climbed supported by Saudi Arabia and Russia's decision to extend supply cuts, while Wall Street's key indexes saw weekly declines due to investor concerns over interest rates and anticipation of upcoming U.S. inflation data. In Asian markets, Japan's Nikkei 225 ended down, Australia's S&P/ASX 200 was up, and Chinese shares rose following improved data on consumer price inflation. The Eurozone's economic growth outlook has been downgraded by the European Commission, and crude oil prices fell.
India's benchmark stock indexes fell as investors reacted to economic developments in China and awaited policy decisions from major central banks, including the U.S. Federal Reserve. The Nifty 50 fell 0.09% and the Sensex lost 0.16%, potentially ending an 11-day winning streak.
Asia-Pacific markets are expected to continue declining as investors wait for China's loan prime rates and the U.S. Federal Reserve's rate decision, while oil prices rise due to supply concerns and all 11 sectors in the S&P 500 trade down.
Asia-Pacific markets fell after the U.S. Federal Reserve projected a rate hike, while New Zealand's GDP exceeded expectations, Hybe shares slid despite BTS contract renewals, and analysts identified Chinese internet stocks with potential. Also, the Fed left rates unchanged but expects one more hike this year, Cathie Wood praised an AI company, analysts favored small-cap stocks, and interest rate markets signaled a delay in future rate cuts.
Asia-Pacific markets fell as the Bank of Japan kept rates unchanged and noted a "moderate recovery" in the economy, while Japan's private sector activity expanded at its slowest pace since February and the country's August inflation rate remained above the BOJ's target for the 17th straight month.
Asian shares fall due to concerns over interest rates, inflation data, and China's economy, while bond investors face the impact of the US Federal Reserve's more hawkish rate projections.
Asia-Pacific equity markets closed mixed, with Japan's Nikkei and Taiwan's TAIEX rising, while South Korea's KOSPI and China's Shanghai Composite fell; European markets are lower across the board in midday trading, and U.S. equity futures point to a flat to lower open.
Shares in Asia and European equity futures fell while Treasury yields and the dollar rose, indicating that investors have yet to fully adjust their expectations for interest rates.
Wall Street falls despite bond market pressure easing, with stocks on track for their fifth drop in six days as the market comes to terms with the Federal Reserve's decision to keep interest rates high, causing yields in the bond market to rise and undercutting prices for stocks and other investments.
Asia-Pacific markets fell ahead of China's industrial data and Australia's inflation figures, while the US experienced a sell-off after disappointing economic data, causing the Dow Jones Industrial Average to fall below its 200-day moving average for the first time since May. Additionally, oil prices continue to rise, putting crude on track for its best quarter in over a year, and Tesla shares dropped after reports of an EU investigation into whether the company and other European carmakers are receiving unfair subsidies for exporting from China.
Wall Street's decline due to high U.S. bond yields is expected to impact Asian markets, which will be further influenced by the Bank of Thailand interest rate decision, Australian consumer price inflation, and Chinese industrial profits.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
U.S. stocks mostly fell as investors considered the latest inflation data from the Federal Reserve, marking the end of a turbulent month for the market.
Stocks on Wall Street fell in early trading on Tuesday as rising Treasury yields and hawkish comments from Federal Reserve policymakers dampened investor sentiment. The tech-heavy Nasdaq Composite was down over 1.4%, the Dow Jones Industrial Average tumbled about 0.9%, and the S&P 500 dropped almost 1.1%. Additionally, the number of open jobs in the US increased in August, raising questions about whether the job market is cooling fast enough to satisfy the Federal Reserve as it considers more interest rate hikes to combat inflation.
Asia-Pacific equity markets closed lower, with India's SENSEX, Taiwan's TAIEX, Australia's ASX All Ordinaries, Japan's Nikkei, and Hong Kong's Hang Seng all declining, while European markets are down in midday trading and U.S. equity futures point to a flat to positive open as investors remain focused on the 10-year Treasury yield and await comments from Fed officials later in the week.
Asia-Pacific markets rise as U.S. Treasury yields ease from 16-year highs following weak jobs data, with Japan, South Korea, and Australia all trading higher, while Hong Kong's Hang Seng index looks set for a rebound after losses on Wednesday; Carter Worth, CEO of Worth Charting, predicts lower interest rates and stocks by the end of 2023, contrary to consensus forecasts, while Vanguard's Aliaga-Diaz believes there is a limit to how high yields will go due to rate uncertainty; oil prices fall sharply, hitting their lowest level since September 5.
Summary:
US stock indexes closed lower as investors awaited monthly employment data and looked for insights into future interest rate directions, with the Dow Jones Industrial Average down 0.03%, the S&P 500 down 0.13%, and the Nasdaq Composite down 0.12%; in Asian markets, Japan's Nikkei 225 declined 0.28%, Australia's S&P/ASX 200 rose 0.41%, China's markets were closed for a holiday, and Hong Kong's Hang Seng index gained 1.40%; European markets, including the STOXX 600, Germany's DAX, France's CAC, and the UK's FTSE 100, all saw gains; and in commodities, Crude Oil WTI and Brent were down, Natural Gas was up, and Gold, Silver, and Copper all saw increases.
Asia-Pacific markets are expected to have a positive start to the week, with Chinese markets returning from a week-long holiday and investors watching inflation readings and trade data from China and India, as well as a monetary policy decision from Singapore's central bank. In Australia, the S&P/ASX 200 is up after a five-day losing streak, while futures for Hong Kong's Hang Seng index point to a stronger open. However, the outbreak of war between Israel and Palestine has affected stock futures and led to higher oil prices. There is also an increased likelihood of the Federal Reserve raising interest rates by the end of the year, causing utilities stocks to sink as investors find short-term Treasuries more attractive.
Asian shares mostly fell amid concerns about the U.S. banking system and Chinese economic growth, with Japan's Nikkei 225 down 0.2% and Hong Kong's Hang Seng down 0.4%, while China's export data showed the sharpest decline in three years. Bank stocks in the U.S. also fell after Moody's cut credit ratings for 10 smaller and midsized banks, citing concerns about their financial strength in light of higher interest rates and the work-from-home trend. The Federal Reserve's efforts to combat inflation by raising interest rates have led to a slowdown in the economy and hit banks hard.
Asian stocks retreat as concerns over the Israel-Hamas war and fears of rising U.S. interest rates weigh on risk sentiment, with Japan's Nikkei index leading losses.
Wall Street's main indexes fell as tensions in the Middle East and concerns over inflation and interest rates weighed on investor sentiment, with Morgan Stanley's profit beating expectations but its shares falling, and United Airlines forecasting weaker Q4 profit.
The U.S. stock markets decreased due to rising Treasury yields and investor evaluations of corporate earnings, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, also experienced declines; the European STOXX 600 index and Germany's DAX also decreased, while crude oil, gold, and silver prices fell.
Asian markets fell and oil prices rose as concerns about a potential ground invasion in Gaza by Israel increases the risk of a wider conflict in the Middle East, compounded by the Federal Reserve indicating a pause in interest rates but leaving the possibility of future hikes.
Asian market sentiment is expected to be heavily influenced by the dramatic repricing of the U.S. bond market, resulting in potentially significant weekly losses for regional stocks, as the U.S. 10-year yield rises to its highest level since 2007.
Stocks fell on Monday morning as the benchmark 10-year Treasury yield briefly rose above 5%, with investors accepting that interest rates will remain higher for a longer period of time. The market is also being affected by the ongoing sell-off in bonds and concerns about escalating Middle East hostilities, while waiting for Big Tech companies to report earnings.
Most Asian stocks continue to decline due to weak business activity in Japan and Australia, although Chinese markets rebounded as a state-run fund started buying equities; sentiment remains weak due to concerns over the Israel-Hamas war.
