Chinese stock indices dropped but real estate stocks experienced an increase following positive news regarding troubled property developer Country Garden.
At the time of writing, China’s Shanghai is down by 0.83% to 3,110, the Shenzhen Component Index dropped to 10,443, down by 1.40%, Hong Kong’s Hang Seng fell to 18,010, South Korea’s Kospi is down 0.10%, Japan’s Nikkei declined by 0.15% and Taiwan's Weighted Index fell by 0.86%. Additionally, the slow implementation of additional stimulus measures from Beijing has added to the concerns. These factors collectively contribute to a cautious outlook regarding China's economic performance and can impact investor sentiment in the region and globally.
Investors await US Consumer Price Index data to gain valuable insights into inflation trends in the US economy which can have a significant impact on AsianUS CPI is expected to exhibit a 0.5% month-on-month improvement from the previous month's reading of 0.2%. Moreover, the Core CPI figure is anticipated to remain steady at 0.2%.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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