Asia stocks bounce on firmer Chinese lead, pound steadies

TOKYO - Asian stocks bounced on Wednesday, led by Chinese markets after a report showed growth in the country’s service sector accelerating despite broader economic headwinds, while the pound halted its decline on hopes a no-deal Brexit may yet be averted.

The Shanghai Composite Index added 0.45% while the blue-chip CSI300 index gained 0.5% after activity in China’s services sector expanded at the fastest pace in three months in August, according to a business survey.While some markets in Asia enjoyed gains, sentiment in the wider region remained subdued amid worries about a global recession.

The 10-year U.S. Treasury yielded 1.474% after stooping to 1.429% on Tuesday, its lowest since July 2016. The pound’s bounce came after a British cross-party alliance defeated Prime Minister Johnson in an effort to block a “no-deal” Brexit, leading the premier to push for a snap election.

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.

Asia stocks dented by trade war, Brexit showdown paralyses poundUS bond yields up slightly after sharp fall in August, while European shares seen dipping slightly. Meanwhile, pound sterling drops to just below $1.2, its lowest level since January 2017.
Source: trtworld - 🏆 101. / 63 Read more »

Asia stocks dented by trade war, Brexit showdown paralyzes poundGlobal stocks faced headwinds on Tuesday, stymied by U.S.-China trade frictions ... meanwhile my bitcoin rallied StackSats
Source: Reuters - 🏆 2. / 97 Read more »

Asia stocks set to open little changed as investors await Australia's GDP dataAsia stocks were set to open little changed on Wednesday as data released overnight showed U.S. factory activity in August contracting for the first time since early 2016.
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks dip after poor U.S. data stokes recession fearsAsian stocks dipped early Wednesday after poor U.S. economic data stoked global ... Stop stealing the West's intellectual property China 👎
Source: Reuters - 🏆 2. / 97 Read more »