Asian stocks fall on strong US economic data, struggling yuan

Hong Kong — Asian stocks fell on Wednesday as investors took no cheer from strong US economic data and as weaker-than-expected Chinese trade numbers pressed the yuan lower.

The yuan further weakened, depreciating 0.36% to 6.98 per dollar and approaching the 7-per-dollar mark. Chinese authorities have signalled concerns about the currency’s strong declines. Fixed-income markets came under heavy pressure, with US 10-year treasury yields rising to 3.365% on Wednesday, the highest since June 16. The Japanese yen, which has tended to weaken as US yields have risen, hit a fresh 24-year low of 143.57 per dollar.

“The good news for the real economy has now become bad news for the market — both for the bond and the stock market,” said Redmond Wong, Hong Kong-based market strategist of Greater China at Saxo Capital Markets. Australia’s S&P/ASX 200 index lost 1.34%. Economic growth in Australia in the second quarter picked up speed, offering hope that activity could weather sharply higher interest rates and cost-of-living pressures.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Asian stocks inch up on expected China stimulusMSCI’s gauge of Asia-Pacific stocks outside Japan slightly up Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Fintech market resilient after a banner year in 2021 - IT-OnlineGlobal fintech investment declined from $111,2-billion in the second half of 2021(H221) to $107,8-billion in H122 but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. According to the H122 edition of KPMG’s Pulse of Fintech, the Asia-Pacific region saw […]
출처: ITOnlineSA - 🏆 16. / 63 더 많은 것을 읽으십시오 »

Business Maverick: Stocks mixed; treasury yields rise as oil climbs: markets wrapUS equity futures rose while stocks in Asia were mixed on Tuesday amid a dip in the dollar, as sentiment continued to be tested by central banks tightening monetary policy and Europe’s energy crisis.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Asian stocks fall on strong US economic data, struggling yuanMSCI’s broadest index of Asia-Pacific shares outside Japan dipped 1.6% and Japan’s benchmark Nikkei average was down 0.95%
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »