Asian stocks slump on growth concerns; Nikkei hits 6-mth low in post-BOJ rout

Investing.com-- Asian stocks fell sharply on Friday, tracking an overnight rout on Wall Street on concerns over slowing economic growth, with a rout in Japanese markets deepening after the Bank of Japan struck a hawkish chord this week.

Weak U.S. purchasing managers index and labor market data ramped up concerns over a slowdown in the world’s biggest economy, and that a September interest rate cut by the Federal Reserve could be potentially too late for the economy to achieve a soft landing.Japanese stocks were already nursing sharp losses from Thursday, after the BOJ struck an unexpectedly hawkish tone during its end-July meeting.

But Chinese markets logged relatively lower losses than their regional peers, given that they were already trading at five-month lows.indexes fell 0.7% and 0.5%, respectively, and were at their weakest levels since mid-February. Sentiment towards China remained weak following scant cues on stimulus from Beijing and a slew of weak PMI readings for July.index pointed to a weak open, with the index set for a heavy degree of profit-taking after notching a record high above 25,000 points on Thursday.

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.

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: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher. Shares fell in Chinese markets, while U.S. futures edged higher. Oil prices fell. On Wednesday, U.S.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Asian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth lowAsian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth low
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Asian stocks sit tight, yen firms as BOJ beckonsAsian stocks sit tight, yen firms as BOJ beckons
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »