Asia stocks wobble as China’s manufacturing activity contracts

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Hang Seng and CSI300 index opened down 0.4% and 0.3% respectively, but MSCI’s gauge of Asia Pacific stocks outside Japan was up 0.02% in early trade

The Hang Seng and CSI300 index opened down 0.4% and 0.3% respectively, but MSCI’s gauge of Asia-Pacific stocks outside Japan was up 0.02% in early tradeHong Kong — Asian shares wobbled on Wednesday as investors remain cautious about China’s path to reopening its economy after it released disappointing manufacturing data, with China and Hong Kong stocks wiping out strong gains from the previous day.

China’s factory activity deepened this month, an official survey showed on Wednesday, weighed down by softening global demand and Covid-19 restrictions. “Headlines from China regarding Covid restrictions and protests are causing jitters among investors. Although some Covid-easing measures are being considered, it may not be enough to prevent further economic disruption,” said Anderson Alves, global macro analyst at ActivTrades.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Business Maverick: Stocks seesaw in Asia amid focus on China, Fed: markets wrapVolatile trading pushed stocks between losses and gains in Asia as investors weighed Covid developments in China and awaited a speech from Federal Reserve chair Jerome Powell later on Wednesday.
Source: dailymaverick - 🏆 3. / 84 Read more »