{"id":2003208,"date":"2023-08-16T23:48:04","date_gmt":"2023-08-17T03:48:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/asian-stocks-hit-9-month-lows-on-worries-over-china-economy-us-rates\/"},"modified":"2023-08-16T23:51:21","modified_gmt":"2023-08-17T03:51:21","slug":"asian-stocks-hit-9-month-lows-on-worries-over-china-economy-us-rates","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/asian-stocks-hit-9-month-lows-on-worries-over-china-economy-us-rates\/","title":{"rendered":"Asian stocks at 9-month lows due to concerns about China&#8217;s economy and US interest rates."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fasian-stocks-hit-9-month-lows-on-worries-over-china-economy-us-rates%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2003208&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>By Ankur Banerjee<\/p>\n<p>SINGAPORE (Reuters) \u200b\u2013<\/p>\n<blockquote>\n<h2>Asian Shares Slide to Nine-Month Lows\u200b as \u2064Fears Over China&#8217;s Economic Recovery and Fed&#8217;s Interest Rate Hikes Rattle Investors<\/h2>\n<\/blockquote>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>MSCI\u2019s\u2064 broadest index of Asia-Pacific shares outside\u200c Japan slid to 495.03, its lowest since Nov. 29. It was last down \u20641.14% at 497.11, with the index down\u200b 8% for August and set \u200bfor its worst monthly performance\u200b since September.<\/p>\n<p>Losses were broad-based across Asia Pacific on Thursday, with Japan\u2019s\u200b Nikkei and Australia\u2019s S&#038;P\/ASX \u200d200 index down 1%. <\/p>\n<p>China\u2019s blue-chip CSI\u2062 300 Index was \u20640.45% lower, while\u200b the Hong\u2062 Kong\u2019s Hang Seng \u200dIndex fell 1.7% and was \u2063at \u2062near nine month lows.<\/p>\n<p>China stocks\u200b have been\u200b in the doldrums as a series of\u200c economic data \u200bhas \u2064laid \u2064bare \u2063the stuttering post-pandemic recovery,\u2063 with investors so far unimpressed with moves from\u200b policymakers.  \u2064  <\/p>\n<p>\u201cInvestors looking for more \u200caggressive\u200c support\u200c from policymakers amid soft activity \u2062have\u2063 been disappointed as the recent \u200dincremental\u2062 measures haven\u2019t been sufficient to \u200brestore confidence,\u201d said Taylor Nugent, an economist \u200bat \u2062NAB.<\/p>\n<p>Adding to the\u2062 worrying landscape for the \u2063world\u2019s \u200bsecond biggest economy is the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/asian-stocks-hit-9-month-lows-on-worries-over-china-economy-us-rates\/\" title=\"Asian stocks at 9-month lows due to concerns about China's economy and US interest rates.\">deepening property sector crisis<\/a>. Missed payments \u200bon investment products by a leading Chinese trust firm \u2064and a fall in home prices have enhanced the \u200bgloom. <\/p>\n<p>Overnight, Wall \u200bStreet ended lower after \u200cminutes from the Fed\u2019s July meeting\u200b showed officials were divided over the need for more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-reserve-chair-no-interest-rate-hikes-until-inflation-spike\/\" title=\"Federal Reserve Chair: No interest rate hikes until inflation spike\">interest rate hikes<\/a>. [.N]\n<p>\u201cSome participants\u201d \u2062cited the risks to the economy of pushing rates \u2063too far \u2064even as \u201cmost\u201d policymakers \u2063continued to prioritise\u2062 the battle against inflation.<\/p>\n<p>The \u200cU.S. central \u200cbank hiked \u200brates by 25 basis points at\u200b the July meeting after standing pat in \u200bJune. Fed \u200bChair Jerome\u2063 Powell said at the time the economy still needed \u2062to slow and the labor market\u200c to weaken for inflation to \u201ccredibly\u201d return to\u2062 the U.S. central\u200d bank\u2019s 2%\u2064 target.<\/p>\n<p>The commentary \u2064from officials, including the hawks\u2063 suggest a willingness \u2063to\u2062 pause again in September, but to leave the door ajar for a further hike at either November of December meetings, ING economists said in a note.<\/p>\n<p>\u201cWe think\u2063 the Fed will indeed leave interest \u200brates unchanged in \u200bSeptember, but we\u2062 don\u2019t think \u2062it\u00a0will carry through with\u200b that\u200d final forecast hike,\u201d \u2063they said, pointing out \u200bthat further rate hikes could heighten the chances of recession.<\/p>\n<p>Markets are pricing in an 86% chance\u200d of the Fed standing pat next month, \u200dCME FedWatch tool \u200bshowed, with a 36% chance of it hiking \u200din its November\u2062 meeting.\u200b <\/p>\n<p>Benchmark\u200b 10-year yields reached 4.288%, the highest since Oct. 21, with\u2062 a \u206216-year \u2063peak of 4.338% in sight. [US\/]\n<p>The\u200c rising yields lifted the\u2064 dollar, with the dollar index, which measures the U.S. currency against six rivals, \u2063touching \u200ba two-month peak of \u200b103.58 as investors sought safety. [FRX\/]\n<p>The Japanese yen weakened 0.07% \u200cto \u200b146.42 per dollar, a \u2062fresh nine-month \u200dlow, as traders kept\u200c a\u2063 vigil on possible \u200dintervention chatter from\u2063 Japanese officials. Finance Minister Shunichi Suzuki said on Tuesday authorities were not targeting absolute currency levels for\u2064 intervention.<\/p>\n<p>Worries over China and the trajectory of the \u200dU.S. interest rates also rattled the commodities market, with \u2064oil prices dropping for the fourth straight session. U.S. crude fell 0.34%\u200c to $79.11\u2062 per barrel \u2062and Brent \u200bwas at $83.23, down \u200b0.26%\u200d on the day.\u2064 [O\/R]\n<\/p>\n<p>  (Reporting by Ankur Banerjee; Editing by Muralikumar\u2063 Anantharaman)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/asian-stocks-hit-9-month\/attachment\/passersby-are-reflected-on-an-electric-stock-quotation-board-outside\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>\u201cDaddy\u201d Biden and John Podesta tout the Inflation Reduction Act while \u2062Glenn Beck gets cancelled.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>President Biden is\u200d scheduled to visit Maui on\u2064 Monday. This comes\u200c as the death\u200c toll \u200dhas tragically \u2062risen to at least 106.Hawaii State Representative,<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Following the fourth indictment of 45th President Donald Trump, Article III founder\u200d and president Mike Davis urges House Republicans to use\u2063 subpoena power \u200bto fight back.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>A new Associated Press poll shows 63% of \u2063Republicans say\u200b they want Donald Trump \u200cto run again, which is jump form 55% who said the same thing\u2062 back in April.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>JAKARTA \u200d(Reuters)\u2062 \u2013 Indonesia\u2019s central \u200dbank said on Thursday it had started \u200ca trial \u2064of cross-border\u200c QR\u2062 code\u200b payments with its\u2063 Singaporean\u2026 \u2062 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>JAKARTA \u2064(Reuters) \u2013 Indonesia\u2019s central bank said on Thursday it had started a trial of cross-border QR \u2063code payments with its \u200bSingaporean\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By \u200cJaspreet Singh\u200d and Max A. \u200bCherney \u2064(Reuters) \u2013 Chip design software company Synopsys on Wednesday named 25-year-veteran Sassine Ghazi\u2062 as its\u2026\u2064 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By\u2064 Jaspreet Singh and Max\u2063 A.\u2062 Cherney (Reuters) \u2013 Chip design software company Synopsys on \u200cWednesday named 25-year-veteran \u2062Sassine Ghazi as \u200bits\u2026 <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asian shares hit a nine-month low as concerns over China&#8217;s slow economic recovery and potential interest rate hikes by the Federal Reserve unsettled investors. The dollar also reached a two-month high. MSCI&#8217;s Asia-Pacific index fell to 495.03, its lowest level.<\/p>\n","protected":false},"author":66,"featured_media":2003209,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2003208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2003208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2003208"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2003208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2003209"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2003208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2003208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2003208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}