Asian stocks drift lower amid mixed China PMIs; rate uncertainty persists

Investing.com-- Most Asian stocks moved in a flat-to-low range on Monday as investors digested mixed cues on Chinese business activity, while uncertainty over U.S. interest rates remained in play.

Chinese markets were already nursing steep losses through June, having tumbled from their 2024 peaks as slowing stimulus measures from Beijing saw sentiment sour towards the country. But a weaker economy also presents the possibility that the Bank of Japan will keep interest rates low for longer, which bodes well for local stock markets.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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