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Asian Shares Sink as Chinese Property Woes Weigh on Global Markets

  • Asian shares sank on Tuesday, as worries about the Chinese property sector weighed on markets.
  • Benchmark U.S. Treasury yields hovered near 16-year peaks and the dollar held close to six-month highs.
  • Japan's Nikkei tumbled 1.1% under the weight of big losses for chip-related stocks.
  • Hong Kong's Hang Seng declined 0.3%, with tech stocks sliding 0.7%.
  • Chinese property stocks were volatile, although Country Garden won approval to extend repayment on an onshore bond.
  • Oil prices rose for the fourth consecutive session, as weak shale output in the U.S. spurred concerns about a supply deficit.
reuters.com
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### 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.
Summary: U.S. markets end mixed with Nasdaq up over 1% due to the surge in technology stocks, Asian markets show positive gains with Japan's Nikkei 225 rising 1.05%, and European markets are higher as the tech sector gains ahead of the U.S. Federal Reserve's Jackson Hole gathering, while crude oil prices decrease slightly.
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.
Asian stocks sold off and the dollar reached an 11-week high against major peers as investors prepared for a potentially hawkish stance from Federal Reserve Chair Jerome Powell at the Jackson Hole meeting, with concerns about global growth and a firmer dollar weighing on crude oil.
Asian markets will be influenced by economic indicators, policy steps, and diplomatic signals from China, as well as reacting to the Jackson Hole speeches, purchasing managers index reports, GDP data, and inflation figures throughout the week, with investors desperate for signs of economic improvement as China's industrial profits continue to slump and authorities take measures to stimulate the capital market.
Asian shares rally as China announces new measures to support its struggling markets, while investors remain cautious ahead of U.S. jobs and inflation data that could impact interest rates.
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.
Asian stocks may face a volatile session as investors monitor U.S. economic data, a second China manufacturing PMI reading, and the U.S. employment report, with any indication of central bank leaders approaching the end of tightening likely to generate risk appetite.
Asian stocks are poised for modest gains as traders consider US jobs data suggesting the Federal Reserve may be close to the end of its tightening cycle.
Asian stock markets rise on the belief that the Federal Reserve has finished raising U.S. interest rates and hopes that policy stimulus from Beijing will stabilize the Chinese economy, while trading remains thin due to a U.S. holiday.
Asian stocks, particularly China shares, have continued to rally amid speculation that Beijing's small policy measures could result in significant stimulus, with expectations of a relaxation of property buyer restrictions; Japanese shares have also seen positive performance after data revealed record recurring profits in Q2, resulting in the Topix reaching a 33-year high; U.S. futures imply a high probability of no interest rate hike this month and suggest the tightening cycle may be over, while Treasuries sold off on Friday, leading to concerns over the budget deficit and potential difficulties in absorbing new debt.
Asian stocks are expected to open lower as traders focus on China's economic conditions and European shares fail to provide a strong lead, while oil and bond yields remain relatively high.
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.
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.
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.
Asian equities face a cautious start to trading while the yen strengthens following potentially hawkish remarks from the Bank of Japan governor, with futures for Australia slightly higher, US-listed Chinese stocks falling, and contracts for Japan showing a small gain.
China's property shares are declining and tech shares are underperforming, leading to a slide in the Asian market, while the European market waits for monetary policy decisions from the ECB and the Bank of England.
Summary: Asian shares mostly decline as investors await U.S. consumer price data and the Federal Reserve's decision on interest rates.
Asian markets are expected to be on the defensive due to sagging stocks and rising oil prices, as investors await U.S. inflation figures that will impact the Fed's rate decision; China's real estate sector is seen as the most likely source of a global systemic credit event.
Asian stock markets fell as Wall Street experienced a decline, with investors preparing for key US inflation data, and a spike in oil prices added to concerns about persistent price pressures and the interest rate outlook.
Asian stocks rise as US CPI data solidifies Federal Reserve pause bets, leading to a positive market sentiment and a weaker US Dollar.
Asian markets are expected to finish the week strong due to positive movements in the U.S. and Europe, although the release of economic data from China may dampen the mood, as it includes indicators such as house prices, fixed asset investment, and unemployment. The Chinese government is aiming to support the economy, but doubts remain about reaching the 5% GDP growth target and trade relations with the West continue to deteriorate. However, if investors continue with the bullish momentum from Thursday, these concerns may be temporarily set aside.
Asian markets open with a decline, primarily driven by chip- and AI-related shares, while concerns about China's economy persist, disrupting the calm ahead of several central bank meetings this week.
Equity markets in Asia are expected to face selling pressure due to worsening risk sentiment and concerns about higher interest rates signaled by the Federal Reserve, leading to declines in U.S. stocks and a fall in futures for benchmarks in Australia and Japan.
Asian stocks dipped across the board as investors interpreted the US Federal Reserve's latest policy statements as signaling higher-for-longer interest rates.
Most Asian stocks retreated as markets absorbed the outlook for higher interest rates and concerns over a property market crisis in China, while Japanese shares rose on the back of the Bank of Japan's dovish stance.
Summary: Asian shares were mostly lower on Monday as concerns over China's property sector, the US government shutdown, and the ongoing strike by American autoworkers weighed on investor sentiment, while Tokyo's market advanced and oil prices edged higher.
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.
Asian markets may be bolstered by Wall Street's performance, but concerns regarding the surging dollar, rising U.S. Treasury yields, and troubles in the Chinese property sector may dampen investor enthusiasm.
Asian stocks drift lower amid fears of higher US interest rates and concerns over China's property market, with Japan's Nikkei 225 being the worst performer; uncertainty over China also trims gains for Australia's stock index.
Asia-Pacific markets mostly fell due to an increase in Treasury yields and oil prices, leading to a decline in investor sentiment on Wall Street, with Hong Kong's Hang Seng index sliding 1.41% after shares of Evergrande were suspended.
Asian markets may receive a boost from the U.S. Congress' last-minute deal to prevent a government shutdown, but mixed Chinese purchasing managers index data and a struggling economy may dampen sentiment.
Japanese stocks soar as the yen reaches its lowest point in nearly a year and the US avoids a government shutdown, while other equity markets in the region remain mixed.
Asian shares slide to their lowest this year as concerns over higher U.S. interest rates and a wobbling yen keep traders on high alert.
Asian stocks sink to 11-month lows as global bond market rout pushes US yields to 16-year highs, causing equity valuations to sour, with only the yen showing strength amid speculation of Japanese intervention.
Asian shares rise as oil prices decline, easing inflationary pressures and boosting market sentiment, with benchmarks in Tokyo, Sydney, Seoul, and Hong Kong all advancing.
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 shares rise as Wall Street gains on positive news about interest rates, while oil prices fall back after Monday's surge following Israel's declaration of war on Hamas.
Asian shares rise as bond yields ease and oil prices dip, although markets are cautious due to violence in the Middle East, with European and US markets also looking set to open higher.
Asian shares rise as markets bet that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders await the U.S. consumer inflation report for further monetary policy clues.
Asian shares slide on stronger-than-expected U.S. consumer prices, increasing the likelihood of the Federal Reserve keeping rates higher for longer.
Asian markets fall as inflation data raises expectations of Federal Reserve rate hikes; Australian, South Korean, and Japanese shares slip, and the Golden Dragon index of Chinese companies listed in the U.S. records its biggest drop in a month.
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.