Asia stocks try to bounce, China data a risk

SYDNEY : Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session.

"Having lowered our full-year GDP forecast to 4.3 per cent, the policy response to weakness remains surprisingly tame," he added."The CNY is where the action is, as the PBOC has been silent despite the recent sharp depreciation." Japan's Nikkei rose 1.2 per cent, having lost 2.1 per cent last week even as a weak yen offered some support to exporters.

"Our financial conditions index has tightened by over 100 basis points, which should create a drag on GDP growth of about 1pp," said Goldman Sachs economist Jan Hatzius. Fears that all this tightening will lead to recession spurred a rally in bonds last week, which saw 10-year yields drop 21 basis points from peaks of 3.20 per cent. Early Monday, yields were up a shade at 2.94 per cent.

Canada Canada Latest News, Canada Canada Headlines

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

Asia Pacific real estate investment up 20% y-o-y in 1Q2022: JLLMost of the capital was deployed into Singapore, South Korea, and Australia. Investors were also bullish towards retail, office as well as logistics and industrial assets.SINGAPORE (EDGEPROP) - Real estate investment growth in the Asia Pacific region rose 20% y-o-y in 1Q2022, according to a market report by JLL. The consultancy’s report noted that $40.8 billion worth of capital was invested in real estate in the region during the quarter.See also: Investments in Apac data centres going strong af
Source: YahooSG - 🏆 3. / 71 Read more »