Posted 12/13/2023, 3:17:23 PM
Asian Markets Mixed Ahead of Fed; China Focused on Economy, Real Estate Concerns
- Asian markets were mixed ahead of the Fed meeting; China and Hong Kong fell after an economic policy meeting underwhelmed investors
- Northern China is bracing for a cold front with heavy snow
- Real estate remains a major concern in China, with Country Garden avoiding default on a bond payment
- New loan and financing data for November missed expectations but increased month-over-month
- Mainland investors sold $1.3 billion in stocks via Stock Connect; materials, real estate and discretionary stocks were among the worst performers