Asia Pacific stocks mostly declined on Tuesday amid dampened expectations on the Fed cutting rates this month. Mainland China shares continued to fall after losses on Monday. The Shanghai Composite edged down 0.16% in early trade, while the Shenzhen component declined 0.22%. The Shenzhen composite shed 0.33%. Hong Kong’s Hang Seng index pared some losses to edge down 0.17%. The city’s leader Carrie Lam said Tuesday that the controversial extradition bill that led to widespread anger and massive protests in the Asian financial hub “is dead.” Meanwhile, investors are keeping an eye on testimony from Federal Reserve Chair Jerome Powell due Wednesday. It follows a stronger-than-expected jobs report in the U.S. that raised questions about whether the Fed will cut interest rates.
Get a 2 day Free Trial
Visit Dollar Advisory
Call Us: +91 91111-79961
No comments:
Post a Comment