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On Wednesday, Hong Kong’s Hang Seng shed 0.5% to 17,585.60, while the Shanghai Composite declined 0.2% to 3,049.92. Gloom over worse-than-expected export data offset any positive momentum from an upgrade to China's growth forecast by the International Monetary Fund. It raised its GDP growth forecast for 2023 to 5.4% from 5% but forecast that growth will slow next year.
The main worries for Japan were its “structural weaknesses,” such as its aging population, according to Moody's. TripAdvisor jumped 11% after reporting better results for the summer than analysts expected, while Emerson Electric sank 7.4% after falling short of expectations.
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Stock market today: Asian shares mostly slip ahead of China-US meetingAsian shares are mostly lower in muted trading as attention focuses on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit.
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Stock market today: Asian shares mostly slip ahead of China-US meetingAsian shares are mostly lower in muted trading as attention focuses on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit. The APEC meetings in San Francisco offer an opportunity for leaders from the U.S. and China to mend troubled trade and political ties.
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