### 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 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 currencies slightly rose as U.S. yields increased, prompting Thailand's and China's central banks to stabilize their currencies, while the Philippines' central bank stated it may intervene to support its currency; additionally, traders are anticipating the U.S. Federal Reserve's symposium in Jackson Hole, Wyoming.
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.
Gold prices in Asia rose after the recent decline in bond markets, as lower yields boosted demand for the precious metal, while investors await more information on the US Federal Reserve's policy stance at the Jackson Hole symposium this week.
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 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.
Most Asian stocks rose on Monday, led by Chinese shares, as China implemented measures to support its stock markets and investors looked ahead to key economic indicators from China and the US.
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.
Asia-Pacific markets are expected to rise, following Wall Street's positive performance, with Japan's Nikkei 225 leading gains, and airline stocks outperforming.
China stocks rise as investors welcome Beijing's efforts to support the market, while bonds rally and the dollar dips on possibly softening U.S. data.
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.
Asian equities rise as weak U.S. labor data suggests the Federal Reserve is done with interest rate hikes, while Chinese stocks gain for a third consecutive day.
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.
Tokyo stocks rise as a cheaper yen supports the market, despite falls on Wall Street and concerns about another US Federal Reserve interest rate hike.
Asia stock markets are softer ahead of U.S inflation data, with investors looking for signals about the Federal Reserve's next moves on interest rates.
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.
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.
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 sink as investors await the Federal Reserve's policy decision and concerns over inflation rise due to a surge in oil prices.
Asian stocks dipped across the board as investors interpreted the US Federal Reserve's latest policy statements as signaling higher-for-longer interest rates.
Asian markets begin the last week of the quarter battered by the surge in U.S. bond yields, with investors hoping for a rebound and closely watching the U.S. bond market.
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.
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.
Asia-Pacific markets climb as traders assess key economic data out of Japan, including the September inflation rate for Tokyo, while oil prices surge to their highest level in over a year due to a decrease in crude stocks and GDP increases by 2.1% in Q3 as the government announces revisions.
Asian currencies, including the Malaysian ringgit, rose in holiday-thinned trading despite a challenging week for regional currencies due to hawkish U.S. Fed rhetoric and surging oil prices, while the U.S. dollar index remained largely flat and Asian stocks mostly traded higher.
Stocks rose on Friday as investors analyzed the latest inflation data, with the tech-heavy Nasdaq leading the gains, while bonds saw some relief from rate jitters; however, concerns over a US government shutdown and the impact of rising bond yields remain.
US stock futures rose after a deal was reached to avoid a government shutdown, while Asian equities fluctuated due to concerns over global interest rates; investors found relief in China's manufacturing activity returning to expansion and South Korea's exports easing.
Asian markets are expected to rebound following a relief bounce around the world on Wednesday, with currency traders keeping an eye on inflation reports from across the continent.
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 markets are expected to open higher following a rebound in risk sentiment driven by comments from Fed officials suggesting a possible pause in rate hikes, resulting in gold and oil prices rising, the dollar weakening, and Wall Street recovering from losses.
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 markets are expected to start positively due to a slump in U.S. bond yields and comments from Federal Reserve officials signaling the end of interest rate hikes, despite concerns in China's property sector and other economic indicators.
Asian markets are expected to have a positive start on Wednesday, driven by a slump in U.S. bond yields and comments from Atlanta Fed President Raphael Bostic suggesting that the Federal Reserve has finished raising rates, easing concerns and boosting risk appetite.
Asia's stock markets rise on stimulus hopes in China and strong earnings in South Korea, while the dollar retreats as Federal Reserve officials adopt a dovish tone on interest rates.
Asian stocks surged across the board, led by South Korean market, while European markets had a mixed day with luxury stocks underperforming.
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