### 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)
Hong Kong stocks have entered a bear market, dropping 21 percent from their peak, as investor concerns about China's real estate sector and economic growth continue to escalate.
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.
Hong Kong's stock market has benefited from China's rapid growth, with over 1,400 Chinese companies raising $1.05 trillion in the past 30 years.
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.
Hong Kong stocks rebounded as traders considered the recent market slump to be excessive, with Chinese tech leaders such as Alibaba, AIA, and NetEase leading the way.
China's economic slowdown, marked by falling consumer prices, a deepening real estate crisis, and a slump in exports, has alarmed international leaders and investors, causing Hong Kong's Hang Seng Index to fall into a bear market and prompting major investment banks to downgrade their growth forecasts for China below 5%.
Hong Kong's exports continue to decline for the 15th consecutive month, with a 9% decrease in July, due to trade contraction with mainland China, the US, and Europe, affecting the city's economic recovery and prompting a downgrade in GDP forecast.
Stocks fell on Thursday as investors retreated ahead of the Federal Reserve's Jackson Hole symposium, with European stocks dropping and technology stocks giving up earlier gains, while Walt Disney shares tumbled, and Treasury yields increased on strong economic data and concerns about inflation.
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.
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.
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.
China's stock market rebound may be temporary as corporate earnings continue to decline and companies revise down their outlooks, causing concern for foreign funds and prompting Bank of America to urge caution.
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.
Stocks fell on Wall Street as concerns about inflation and weakening global demand weighed on investor sentiment, raising doubts about the Federal Reserve's plans to cut interest rates.
Hong Kong stocks, including SMIC, Tencent, and JD.com, dropped as weak China trade data and a depreciating yuan put pressure on the market.
Chinese stocks have passed the worst of the selling pressure and are still attractive to investors due to their cheap valuation and potential for growth, according to CLSA. However, Beijing needs to address concerns and risks in the economy. The MSCI China Index has fallen this year, but a pause in the Federal Reserve's tightening policy is expected to reverse market pessimism.
China's stock market has slumped due to worrying economic data including falling prices, missed expectations in retail sales and industrial production, and plunging real estate investment, leading analysts to express concerns about an impending downward spiral in the Chinese 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.
Stocks tumbled after the Federal Reserve announced that interest rates will remain higher for longer; however, some analysts believe that the market's reaction was overblown and that higher rates and economic growth could actually lead to higher stock valuations.
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 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.
Hong Kong stocks tumble as China Evergrande cancels creditor meetings, raising concerns about the property sector and China's economic stability.
Hong Kong stocks bounce back after two days of heavy selling, but traders remain concerned about the economy as the Federal Reserve considers further interest rate hikes.
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.
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 in Hong Kong, Australia, and Japan have fallen, while South Korean and Chinese markets are closed for holidays; evergrande shares soar after trading resumes in Hong Kong; the Reserve Bank of Australia is expected to maintain a hawkish stance at its upcoming meeting; Goldman Sachs predicts that shares of a global delivery platform will double in the next 12 months; a portfolio manager recommends buying discounted global stocks; a wealth manager's stock is seen as undervalued amid irrational behavior; the World Bank forecasts sustained growth in the Asia Pacific region; Bitcoin rises to its highest level since August; gold and silver prices drop to their lowest levels since March.
Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, reflecting pessimism and concerns about the nation's economic outlook, despite positive data from China's holiday weekend showing a doubling in tourism revenue from a year earlier.
Stocks and bonds have plummeted worldwide due to the chaos in Washington, with concerns over a potential government shutdown and economic slowdown adding to investor anxieties.
Stocks plummeted as investors were spooked by the 10-year Treasury yield reaching its highest level since 2007, with markets concerned about a tight labor market and the possibility of rising yields continuing to put pressure on stocks.
Hong Kong stocks rebounded as buyers took advantage of the market sell-off, while Macau casinos saw gains due to strong visitor arrivals during the "golden week" holiday, and US equities also contributed to the positive sentiment.
Hong Kong's Hang Seng index jumps over 2% as investors await US jobs data; Reserve Bank of India keeps interest rates unchanged at 6.5%; Natural gas prices jump 7.3%; Gold touches lowest level since March; OPEC may intervene if oil prices continue to slide.
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.
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.
Stocks plummeted as Treasury yields rose, consumer prices increased, and a disappointing bond auction caused a decline in the broader stock market.
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.
Asian stocks tumble as technology-heavy indexes bear heavy losses due to a spike in bond yields and anticipation of a speech from Federal Reserve Chair Jerome Powell.
Asian stock markets fell on Friday, following the lead of U.S. markets, as bond yields increased and Federal Reserve Chairman Jerome Powell's remarks weighed on equities; South Korea's KOSPI Composite Index and Hong Kong’s Hang Seng Index were among the top losers, while Japanese inflation data showed price rises easing but still above the Bank of Japan's target rate of 2%.
