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Asian Stock Market: Sentiment dwindles amid Fed’s hawkish halt, downbeat China data

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Asian Stock Market: Sentiment dwindles amid Fed’s hawkish halt, downbeat China data – by anilpanchal7 Asia RiskAversion Fed Macroeconomics Recession

Softer China data underpins hopes of more stimulus from Beijing and favor risk profile.Asian equities grind higher, making rounds to a two-month high early Thursday, as traders struggle to cheer the Federal Reserve rate hike pause amid “higher for longer” fears. Also challenging the bulls could be hawkish concerns about the Reserve Bank of Australia and downbeat China data.

It should be noted that Australia’s ASX 200 rises 0.20% whereas New Zealand’s NZX50 adds 0.35%. Further, Chinese shares also edge higher despite downbeat data.

 

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