China’s NBS see a pick-up in overall demand and core CPI sooner.Markets in the Asian domain are displaying a vulnerable performance consecutively, following the footprints of Wall Street as USAt the press time, Japan’s Nikkei225 drops 1.09%, ChinaA50 tumbles 1.36%, and Hang Seng eased 0.47%.
Chinese equities are witnessing an intense sell-off despite the positive commentary from the National Bureau of Statistics . The agency has cited that China's domestic demand is recovering slower than supply. It is difficult to justify whether demand is subdued or supply is gearing faster.
The US dollar index has recovered its morning losses ahead of the US Michigan Consumer Sentiment Index data. The sentiment data is seen higher at 60 against the prior release of 58.2.have been established below $85.00 and are expecting more weakness as Energy Information Administration is continuously displaying a build-up of oil inventories. This indicates declining oil demand in the US and soaring odds for a Fed’s bumper rate hike will trim demand further.
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