Investing.com-- Most Asian stocks fell on Thursday, tracking overnight declines on Wall Street after hotter-than-expected U.S. inflation eroded bets on early interest rate cuts by the Federal Reserve.
Inflation data from China also showed Asia’s largest economy remained stuck in a sustained deflationary trend, further denting sentiment.Chinese stocks fall after CPI shrinks more than expected in Marchalso indicated little signs of economic recovery in China, which has been struggling with a sustained deflationary trend over the past year.
Weakness in China bodes poorly for broader Asian economies, given that they rely on the country as a major trading partner.fell 0.8% as recent gains in commodity prices provided only a limited boost to heavyweight mining stocks. Concerns over China also weighed on Australian stocks, given their heavy exposure to the mainland.Other Asian markets also retreated on Thursday, dented by the prospect of higher-for-longer U.S. interest rates.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: AP - 🏆 728. / 51 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: AP - 🏆 728. / 51 Read more »
Source: ksatnews - 🏆 442. / 53 Read more »