between the US-China. Market players prefer to wait on the sidelines ahead of the highly anticipated US inflation data.
The fears of possible deflation in China join the trade war tension headlines, which exert pressure on Chinese equities. Earlier on Thursday, US President Joe Biden issued an executive order about the restriction on China. That said, the US intends to target only Chinese companies that generate more than 50% of their revenue from quantum computation and artificial intelligence .
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Asian Stock Market: Trades lower on the downbeat Chinese data, risk-off moodMost Asian stock markets trade in negative territory on Wednesday. Regional equities followed in the footsteps of Wall Street, which slumped after Moody’s downgraded the credit ratings of several midsize and small US lenders and issued a warning about possible cuts to the ratings of larger institutions. At press time, the Nikkei drops 0.55%, Shanghai falls 0.36%, Hang Sang is down 0.06%, the Shenzhen Component Index falls 0.28%, the NIFTY 50 drops 0.28%, and the Kospi Index is up 1.32%
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Asian Stock Market: Trades mixed, investors await Chinese/ Indian CPI dataAsian stock markets trade mixed on Monday following mixed US employment data. That said, the Nonfarm Payrolls in the US rose 187,000 in July, worse th
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