{"id":2004387,"date":"2023-08-18T00:00:02","date_gmt":"2023-08-18T04:00:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/asian-shares-head-for-third-week-of-losses-on-china-woes-us-rates\/"},"modified":"2023-08-18T00:04:14","modified_gmt":"2023-08-18T04:04:14","slug":"asian-shares-head-for-third-week-of-losses-on-china-woes-us-rates","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/asian-shares-head-for-third-week-of-losses-on-china-woes-us-rates\/","title":{"rendered":"Asian shares set for third week of declines due to China&#8217;s troubles 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\">32<\/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-shares-head-for-third-week-of-losses-on-china-woes-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=2004387&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><strong>Asian Markets \u2063Struggle to Find Footing After Rough Week<\/strong><\/p>\n<p>By Stella \u200bQiu<\/p>\n<p>SYDNEY \u2063(Reuters) \u2013 Asian \u200dmarkets were trying\u2062 to find a \u200bfirmer footing on \u200dFriday after a rough\u2062 week,\u2063 hammered by concerns\u2063 about China\u2019s ailing\u2064 economy and fears of U.S. rates staying higher for longer as long-term bond yields \u200dsurged.<\/p>\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><strong>Market Updates:<\/strong><\/p>\n<ul>\n<li>\n<h3>Asia-Pacific Shares:<\/h3>\n<p> MSCI\u2019s broadest index of \u200bAsia-Pacific shares outside\u200d Japan were\u2062 up \u20630.1% \u2064after hitting a nine-month low\u200b the session before. \u200dIt was, however, headed for a\u2064 weekly loss of 2.8%, the third straight week of declines.<\/li>\n<li>\n<h3>Japan&#8217;s Nikkei:<\/h3>\n<p> Japan\u2019s Nikkei lost 0.4% and was\u2062 down 3% on the week.<\/li>\n<li>\n<h3>Japan&#8217;s Core Inflation:<\/h3>\n<p> Data \u2064early on\u200b Friday showed Japan\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-inflation-up-8-5-in-july-year-over-year-yet-biden-claims-its-at-0\/\" title=\"US inflation up 8.5% in July year-over-year, yet Biden claims it\u2019s at 0%\">core inflation slowed<\/a> in July, a result that \u2062is \u2062likely to\u2063 support \u200cmarket wagers that the Bank \u2064of Japan \u2062is in no hurry to phase\u200c out monetary easing anytime soon.<\/li>\n<li>\n<h3>China&#8217;s Blue-Chips:<\/h3>\n<p> China\u2019s blue-chips rebounded 0.2%, \u2062while the Hong Kong\u2019s Hang Seng Index fell 0.3%. Chinese property \u2064giants gained 0.3%,\u2063 pulling away from a nine-month \u200dlow hit just a session ago.<\/li>\n<li>\n<h3>China Evergrande:<\/h3>\n<p> Adding to concerns of a deepening crisis\u2064 in China\u2019s property sector, \u200bChina Evergrande, one of the country\u2019s \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-mark-kelly-gets-around-this-self-imposed-ban\/\" title=\"How Mark Kelly Gets Around This Self-Imposed Ban\">biggest real estate developers<\/a>, on \u200bThursday filed for protection from creditors in a U.S. bankruptcy \u200dcourt.<\/li>\n<\/ul>\n<p><strong>Expert Analysis:<\/strong><\/p>\n<blockquote>\n<p>China stocks \u2063have shed 10% from their highs in January, as dismal economic\u200d data laid\u200b bare\u2062 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.\">stuttering post-pandemic recovery<\/a>, \u200dwith investors\u2062 remaining unimpressed with just piecemeal support \u2064measures from policymakers.<\/p>\n<p>\u201cAt the start of the year China\u2019s economy was powering ahead. But the \u200cpicture has gradually worsened\u2063 since, and now \u2064looks quite bleak,\u201d said Jonas Goltermann, deputy \u2063chief\u2062 markets economist at Capital Economics.<\/p>\n<p>\u201cWhile it\u2019s hard to see a catalyst for a \u2064lasting turnaround in China\u2019s equity market, a lot of bad news is already discounted in it\u2026Our central scenario remains that they make little-to-no gains rather than crashing.\u201d<\/p>\n<\/blockquote>\n<p><strong>Treasuries and U.S. Economy:<\/strong><\/p>\n<ul>\n<li>\n<h3>Treasuries:<\/h3>\n<p> Treasuries rallied a little after being\u200b heavily sold off for the\u2062 past five weeks. Ten-year yields eased 5 basis points to 4.2564% in Asia, \u2064after touching a 10-month top of 4.3280% on Thursday. 30-year yields also fell 4 \u200dbasis points to\u200b 4.3684%\u200d and\u2062 off from a 12-year \u2063high\u2063 of 4.426% hit overnight.<\/li>\n<li>\n<h3>U.S. Economic Data:<\/h3>\n<p> A \u200dstrong run \u2064of U.S.\u2064 economic data, including a fall in weekly jobless claims on Thursday, \u2062suggested\u200d the world\u2019s largest economy is not slowing as desired in\u200d the face of high borrowing \u2064costs,\u2062 prompting traders to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/asian-shares-head-for-third-week-of-losses-on-china-woes-us-rates\/\" title=\"Asian shares set for third week of declines due to China's troubles and US interest rates.\">scale back \u200crate cuts bets<\/a> next year.<\/li>\n<\/ul>\n<p><strong>Currency and Commodity \u2063Updates:<\/strong><\/p>\n<ul>\n<li>\n<h3>Dollar:<\/h3>\n<p> The dollar lost some of its shine on Friday, but still managed to hold recent gains after hitting \u2064a six-week top.<\/li>\n<li>\n<h3>Japanese Yen:<\/h3>\n<p> The Japanese yen regained\u2062 posture, \u2064up 0.3% to 145.35 \u200cper dollar, having been hammered this week to \u200ca nine-month low \u2062of 146.56 per dollar as yield differentials between U.S. and Japan widened.<\/li>\n<li>\n<h3>Euro:<\/h3>\n<p> The euro \u200bwallowed near its five-week low at \u2064$1.0876, down \u200c0.6% for the week.<\/li>\n<li>\n<h3>Australian Dollar:<\/h3>\n<p> The risk-sensitive Australian dollar broke a key support level overnight and was last at $0.6417.<\/li>\n<li>\n<h3>Oil Prices:<\/h3>\n<p> Oil\u2063 prices were marginally higher. Brent \u2064crude futures \u200drose \u200b0.1% at\u200d $84.24 per barrel and U.S. West Texas Intermediate crude futures also\u2064 increased 0.3% to $80.64.<\/li>\n<li>\n<h3>Gold Price:<\/h3>\n<p> The gold price was slightly higher at $1,893.6 per ounce.<\/li>\n<\/ul>\n<p>(Editing by Sam Holmes)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/asian-shares-head-for\/attachment\/a-man-walks-past-an-electronic-board-showing-stock-visualizations\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Prosecutors \u2064announce a major break in the murder of Microsoft\u200d executive Jared Bridegan. One America\u2019s Taylor Tinsley has the latest.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President\u2064 Robert l.\u2062 peters has \u200csome explaining\u2064 to do while Georgia State Senator Colton Moore moves to Defend Trump<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>During his remarks on the\u200b one-year anniversary of the so-called \u2018Inflation-Reduction Act\u2019, Biden challenged anyone\u2063 to \u200cname a single thing the United States has set out to accomplish under his Administration and failed.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Former White House Chief of Staff Mark Meadows filed Tuesday to move the\u2064 case brought against him by Fulton County District Attorney \u2062Fani Willis to federal \u2063court. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Jaspreet Singh and Max A. Cherney\u200b (Reuters) -Semiconductor equipment maker Applied Materials on Thursday forecast its fourth-quarter\u200b profit \u200cwould\u2062 be substantially\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Microsoft is planning to start selling a\u2062 new version of Databricks software that helps\u2064 customers make AI apps for their\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Jonathan Stempel\u200d (Reuters) \u2013 A U.S. federal judge on Thursday dismissed a \u200blawsuit accusing YouTube of\u200d restricting or removing videos from\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Zeba Siddiqui SAN FRANCISCO \u200b(Reuters) -Google-owned U.S. \u2062cybersecurity firm Mandiant said on Thursday it had seen increasing use of artificial \u200dintelligence\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asian markets struggled to stabilize on Friday following a turbulent week. Worries over China&#8217;s weakening economy and the possibility of prolonged higher U.S. interest rates, as long-term bond yields surged, weighed heavily on investor sentiment. MSCI&#8217;s Asia-Pacific shares index outside Japan rose by 0.1%.<\/p>\n","protected":false},"author":66,"featured_media":2004388,"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-2004387","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\/2004387","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=2004387"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2004387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2004388"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2004387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2004387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2004387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}