Asian stocks rise as China shares push higher on stimulus hopes By Investing.com
Most Asian stocks rose slightly as markets awaited key economic readings and a rally in Chinese shares extended amid speculation over more stimulus measures.
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Posted 8/29/2023, 3:49:00 AM
investing.com
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Asian stocks were mixed as traders awaited the Federal Reserve's summer conference for indications on inflation control and interest rate hikes, with investors warned of potential surprises.
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 stocks rise as traders await signals on interest rate plans from the Federal Reserve conference, with hopes that further rate hikes will be ruled out but concerns about inflation persisting.
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.
U.S. stocks rose sharply as investors anticipated strong quarterly results from Nvidia and looked ahead to the Jackson Hole conference, with tech stocks expected to rally further.
Asian shares are mostly rising after Wall Street rallied to its best day since June after pressures from the bond market relaxed a bit.
Asian shares rallied as tech company Nvidia's strong results boosted Wall Street and a retreat in U.S. bond yields eased borrowing costs globally.
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.
Stocks rise at the beginning of the week after last week's selling, with markets relieved by the 10-year yield remaining at around 4.3%, while anticipating Federal Reserve Chairman Jerome Powell's speech on Friday for insight on short-term interest rates and inflation control.
Chinese stocks rally as Beijing takes steps to boost the market.
European shares traded higher as traders considered the possibility of higher interest rates from the U.S. Federal Reserve and awaited upcoming economic data, while U.S. stocks opened higher and Asian stocks rallied due to a stock market policy change in China.
The stock market rose in the first hour of trading Monday, with the Dow Jones being pulled up by 3M (MMM), while eyes are on consumer economic data and jobs numbers later in the week.
Stocks rise as markets shift focus from the Federal Reserve to corporate and economic reports, with the S&P 500 and Dow Jones Industrial Average both experiencing gains, while investors await upcoming economic data and inflation updates.
Asia-Pacific markets are expected to rise, following Wall Street's positive performance, with Japan's Nikkei 225 leading gains, and airline stocks outperforming.
Chinese stocks initially surged on Monday after the government implemented measures to boost investor confidence, but most of the gains were lost by the end of the session due to concerns about the country's economic slowdown and the foreign outflow of funds.
Asia-Pacific markets set to rise following tech rally on Wall Street, Australian inflation numbers anticipated, and the U.S. dollar reaches its highest level against the yen in 2023.
Hong Kong stocks rise on speculations of fresh capital market measures and expectations of banks cutting mortgage rates, while Chinese developers and Xiaomi contribute to the market gains.
Shares in Asia are set to rise as US economic reports indicate slowing growth and the possibility of a more cautious approach by the Federal Reserve, with investors adopting a "bad news is good news" strategy.
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 shares edged higher as China implemented measures to support its housing sector and stabilize the yuan, with investors cautious pending U.S. jobs data that could influence the Federal Reserve's decision on interest rates.
Equities rose on Monday as market participants speculated that the Federal Reserve may be nearing the end of its interest rate hike cycle, following a positive US jobs report and signs of a softening labor market. Additionally, investors were hopeful that China would implement measures to stimulate its economy and property sector.
Global stocks rose on Monday, driven by signs of cooling in the US jobs market and hopes for a reduction in interest rate hikes, as well as fresh stimulus measures in China's property sector.
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.
Stocks rose on Friday as the Nasdaq rebounded from Apple's recent slide, fueled by speculation that the Federal Reserve may not raise interest rates in September, while concerns about rising energy prices and Apple's market value decline continue to linger.
Stocks inched slightly upward Friday, with the Nasdaq rebounding from an Apple-induced slide, as the Federal Reserve hinted at a possible delay in interest rate hikes, while concerns about rising energy prices and Chinese curbs on the use of the iPhone impacted markets.
Stock prices in Asia were mostly higher as investors awaited updates on U.S. inflation and China's economic data, while concerns about rising oil prices and possible higher interest rates weighed on markets.
India's stock market has seen a rally as strong macroeconomic fundamentals and China's economic slowdown keep foreign investors invested in Indian stocks, while a surge in retail investor interest continues to drive the market.
Asia-Pacific markets rise despite higher-than-expected inflation in the US, while Australia's S&P/ASX 200 increases as August unemployment numbers match forecasts.
Wall Street stocks rose on Thursday as investors analyzed strong retail sales and wholesale price inflation data to gauge the Federal Reserve's stance on interest rates.
Asia-Pacific markets rallied after China's August economic data exceeded expectations, with retail sales and industrial production showing stronger growth, although fixed asset investment fell slightly below forecast; meanwhile, the US stock market also ended higher as producer prices increased more than expected.
European and Asian stocks rally on hopes of central banks ending rate rises and positive data indicating a potential rebound in China's economy.
Asian stocks dipped across the board as investors interpreted the US Federal Reserve's latest policy statements as signaling higher-for-longer interest rates.