Asian stocks firm, take Fitch's China downgrade in their stride

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Asian stocks firm, take Fitch's China downgrade in their stride

SYDNEY -Asian stocks traded higher on Wednesday, unfazed by a rating downgrade to China by Fitch which triggered a mild domestic sell-off as the world's second-biggest economy struggles to mount a solid post-COVID recovery.

"These downgrades reflect mostly the current cyclical situation in China, they are not forward looking. This means that as and when China's economy improves, they will change their rating outlook to positive," said Chi Lo, BNP Paribas (OTC:stock index was down 0.55%. The Nikkei is looking to test 40,000 points again, with the yen's slide seen helping fuel that push.

"The Bank of Japan will be taking very small steps at a time when a lot of global central banks are contemplating cutting rates means any yen moves higher will be limited."

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 450. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China's rating outlookShares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Stock market today: Asian shares are mixed and Shanghai gains on strong China factory dataAsian shares are mixed, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »