Asian stocks inch away from 10-month low, rate jitters linger By Reuters

Focus will be on the Chinese property sector after ChinaMeanwhile, data showed the U.S. economy maintained a fairly solid pace of growth in the second quarter and activity appears to have accelerated this quarter, but a looming government shutdown and an ongoing strike by auto workers are dimming the outlook for the rest of 2023.

"From this perspective, the current GDP figure is not seen as a significant threat and may provide some comfort in an otherwise concerning inflationary environment." The recent rise in Treasury yields to 16-year highs has cast a shadow over the stock market, with the Federal Reserve's hawkish tilt last week also weighing on risk sentiment. [US/]was down 0.8 basis points to 4.589%, easing away from the fresh 16 year peak of 4.688% it touched on Thursday.

The Japanese yen was at 149.33 per dollar, perilously close to the 150 level which is viewed as potentially spurring intervention from Japanese authorities.

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.

Stock market today: Asian shares fall over China worries, Seoul trading closed for a holidayAsian shares were mostly lower Thursday in subdued trading on looming worries about China property woes.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares mostly lower after Wall Street retreat deepensShares in Asia are mostly higher, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June.
Source: AP - 🏆 728. / 51 Read more »

Asia stocks mixed as investors grapple with higher rates By ReutersAsia stocks mixed as investors grapple with higher rates
Source: Investingcom - 🏆 450. / 53 Read more »