Asian stocks drift as recession fears rise

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Australia News News

Underwhelming Chinese activity data knock sentiment

Singapore — Asian markets struggled for direction on Tuesday, weighed down by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.

Just as investors were taking heart from a four-week rally in global equities that pushed markets to their highest in more than three months, Monday’s underwhelming Chinese activity data spanning industrial output and retail sales hit sentiment. Overall, the picture was mixed across Asian bourses on Tuesday, with Tokyo and Taiwan benchmarks little changed, while South Korean stocks gained 0.5%.

The US economy contracted in the first and second quarters, amplifying an ongoing debate over whether the country is, or will soon be, in recession.Eurozone government bond yields fell on Monday with investors concerned about possible recession and amid persistent fears of production cuts in Germany due to potential gas rationing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me Gabriel_FOS1

I have no idea on Bitcoin but I'm currently earning R67,458.67 weekly with R15,000 start up Capital, I'm happy to invest with Gabriel_FOS1 i just pulled out my profit,i highly recommend her to those interested Gabriel_FOS1

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Greenback gains, Aussie tumbles after weak Chinese data - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The safe-haven US dollar bounced on Monday while commodity-sensitive currencies including the Australian dollar tumbled after a new batch of disappointing Chinese data bolstered global recession worries. I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01
Source: SABCNews - 🏆 37. / 51 Read more »