Asia stocks off to cautious start, eye China data | Malay Mail
SYDNEY, Aug 16 — Asian share markets slipped today after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of Covid-19 with vaccinations.
“China is in the midst of removing policy supports, which looks likely to restrain domestic demand growth and weigh on regional performance through the rest of this year,” he added. “With these drags building in recent weeks we have been lowering 2H21 regional growth forecasts.” Chinese blue chips were hanging onto gains of 0.3 per cent, perhaps in anticipation of a more aggressive policy easing from Beijing.Nasdaq futures and S&P 500 futures were both down 0.2 per cent. EUROSTOXX 50 futures fell 0.4 per cent and FTSE futures 0.6 per cent.
The euro bounced to US$1.1799 and away from major chart support at US$1.1740, while the dollar recoiled to 109.36 yen leaving behind last week’s peak of 110.79.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Taliban advances, China lays groundwork to accept an awkward reality | Malay MailBEIJING, Aug 15 — A series of photos published last month by Chinese state media of Foreign Minister Wang Yi standing shoulder to shoulder with visiting Taliban officials decked out in traditional tunic and turban raised eyebrows on the country’s social media. Since then, China’s propaganda...
Read more »
Lan impi Asia Got Talent sebelum menutup mata - Utusan Digital“Sebelum saya mati, teringin nak masuk AGT. Lama dah saya angan-angankan....'
Read more »
MAQIS tahan kontena makanan ikan 8,938 kilogram dari ChinaTindakan sebuah syarikat tempatan membawa masuk makanan ikan seberat 8,938 kg bernilai RM98,466 tanpa permit import yang sah membawa padah apabila kontena yang membawa barangan itu ditahan di pintu masuk Pelabuhan Klang Barat, Klang, kelmarin.
Read more »
Banjir di China: Lima bandar diisytiharkan zon merah - Utusan DigitalPasukan penyelamat dikerahkan ke kawasan terjejas termasuk bandar Suizhou, Xiangyang dan Xiaogan.
Read more »
China has thousands of hydropower projects it doesn’t wantEven while aiming to go carbon neutral by 2060, China is aiming to shut down up to hydropower plants, many too small or old to be useful now.
Read more »
Gelora di Laut China Selatan - Utusan DigitalGelora di Laut China Selatan
Read more »