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Stock market: Asia closes mixed, China suffers - Breaking news

2024-02-02T07:19:51.043Z

Highlights: Asian stock markets closed mixed, with China suffering due to the contraction of technology stocks. Safe haven assets are on the rise as the specter of the regional banking crisis in the US returns. On the macroeconomic front, industrial production in France is arriving. The wages index, unemployment rate, consumer confidence and industrial orders are forecast from the U.S. Reproduction of this article may be illegal in the United States. For confidential support call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or see www.samaritans.org.


Asian stock markets closed mixed, with China suffering due to the contraction of technology stocks and with fears over still weak economic growth. The cut in interest rates by central banks remains in the spotlight. (HANDLE)


Asian stock markets closed mixed, with China suffering due to the contraction of technology stocks and with fears over economic growth that is still weak.

The cut in interest rates by central banks remains in the spotlight.

Safe haven assets are on the rise as the specter of the regional banking crisis in the US returns.


    Positive Tokyo (+0.41%).

On the currency market, the yen was little changed against the dollar at 146.40, and against the euro at 159.30.

Trading still in progress is also positive in Hong Kong (+0.4%), Seoul (+2.9%) and Mumbai (+1.7%).

Shanghai (-0.8%) and Shenzhen (-2.2%) fell sharply.


    On the macroeconomic front, industrial production in France is arriving.

The wages index, unemployment rate, consumer confidence and industrial orders are forecast from the United States.


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Source: ansa

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