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: Continues to trade on a negative note, US downgrade sparks the selloffAsian stock markets continue trade on a negative note on Thursday following Fitch's downgrade of the US government's credit rating. Wall Street's face
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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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Stock market outlook: S&P 500 could triple on secular bull market cycleThe S&P 500 could triple to 14,000 by 2034 as secular bull market cycle takes hold
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Southeast Asian Market Shines as One of America's BestWhat was born out of necessity has now put the Southeast Asian Market on the map as one of the best in America, according to Food and Wine Magazine.
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