Asian stocks edge up after strong China manufacturing survey

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Asian stocks edged higher on Tuesday after strong readings on China's vast manufacturing sector offset the weak lead from a softer Wall Street session.

SYDNEY/NEW YORK - Asian stocks edged higher on Tuesday after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session.

The Hang Seng Index in Hong Kong traded 0.18% higher while the Shanghai Composite also recovered early losses to stand 0.1% higher. Japan’s Nikkei 225 erased early losses to trade flat. “September is also going to be a choppy recovery, and until we get closer to more news about a vaccine it’s going to remain that way.”

On Wall Street, the Dow Jones Industrial Average and the S&P 500 ended in the red overnight, while the Nasdaq rose solidly. The Nasdaq fared even better than the S&P for the month, up nearly 10% as it rallied for a fifth straight month. Expectations that the Fed will keep interest rates low for an extended period kept the dollar soft, marking a fourth straight month of declines in August, its longest losing streak since 2017.

 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.

But we know whatever China is posting is likely a fake

CCP has grown by attracting capital due to technology stolen from foreign countries and the illusion of a huge market population. Communists are rich, but the huge market size is just an illusion. If the theft and illusion cut off, CCP will collapse. Decoupling is necessary.

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