Asian stocks sink amid China headwinds; earnings, US CPI awaited

Investing.com-- Most Asian stocks retreated on Monday, with Chinese markets leading declines on middling inflation readings for April, while investors turned cautious ahead of key U.S. inflation data this week.

Regional markets took middling cues from a muted Friday close on Wall Street, while U.S. stock index futures moved little in Asian trade on Monday, with focus squarely on upcoming inflation data that is likely to factor into U.S. interest rates.indexes fell 0.7% and 0.6%, respectively, on Monday. The two were the worst performers in Asia, and also retreated further from seven and eight-month highs hit last week.Sentiment towards China was also battered by reports of more potential U.S.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares mostly higher, though China benchmarks falterAsian markets forged higher Tuesday after another day of gains on Wall Street, although Hong Kong's benchmark faltered. U.S. futures were nearly flat and
Source: Mynorthwest - 🏆 438. / 53 Read more »

Stock market today: Asian shares mostly higher, though China benchmarks falterAsian markets are mostly higher, although Chinese shares faltered. U.S. futures and oil prices edged higher. On Monday, U.S. stocks added to their gains from last week as technology stocks led the way once again. The S&P 500 climbed 1% and the Dow Jones Industrial Average rose 0.5%. The Nasdaq composite added 1.2%.
Source: AP - 🏆 728. / 51 Read more »