⚠️BREAKING: *ASIAN STOCKS FALL ACROSS THE REGION ON RENEWED U.S.-CHINA FEARS, PRE-CPI JITTERS 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
But bigger gains in the Nikkei were held back by a 5.
3% drop in Sony , as the tech and media conglomerate reported weak earnings and flagged a downturn in the smartphone market.rose slightly more than expected in the 12 months to July, indicating that inflationary pressures in Asia’s second-largest economy were now picking up.
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.
Asian Stock Market: Trades lower on renewed US-China fears, all eyes are on US CPIAsian stock markets trade lower on Thursday. Markets turn cautious amid concern over the possible deflation in China and the renewed trade war tension
Read more »
AUD/USD corrects to near two-month low around 0.6500 ahead of US/China CPI dataThe AUD/USD pair witnesses a sharp correction amid strength in the US Dollar Index (DXY) and a weakness in China’s business with other nations. The AUD/USD cracks swiftly to near a two-month low around 0.6500 amid strength in the US Dollar and China’s bleak economic growth. US annualized headline inflation is expected to bounce back to 3.3% vs. the former release of 3.0%. The Chinese economy struggles to push inflation higher due to weak domestic demand and vulnerable exports.
Read more »
China's CPI Inflation Falls to -0.3% YoY in JulyChina's annual Consumer Price Index (CPI) dropped by 0.3% in July, lower than the expected -0.4%. The data release had no significant impact on the market.
Read more »
China deflation: CPI, PPI fall, fueling calls for economic stimulusChina is experiencing deflation for the first time in over two years, raising concerns about the country's economy. The consumer price index (CPI) fell 0.3% year-on-year in July, indicating a need for stimulus measures to revive the economy.
Read more »
AUD/USD retreats towards 0.6500 on softer Australia Consumer Inflation Expectations, China woes, US CPI eyedAUD/USD retreats towards 0.6500 on softer Australia Consumer Inflation Expectations, China woes, US CPI eyed – by anilpanchal7 AUDUSD Inflation China RiskAversion Currencies
Read more »
AUD/USD fades corrective bounce near 0.6550 as China inflation flags mixed signalsAUD/USD remains sidelined near the intraday high surrounding 0.6550 as China inflation data flashes mixed signals during early Wednesday. In doing so, AUD/USD defends corrective bounce off two-month low after China data turns down deflation woes. China CPI slumps to -0.3% YoY, PPI improves to -4.4% YoY for July. Biden Administration’s relief to China AI companies, market’s consolidation after heavy risk aversion also favor Aussie buyers. Risk catalysts eyed ahead of Thursday’s Australia Consumer Inflation Expectations, US CPI.
Read more »