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Stock market: Asia closes mixed, China suffers - News

2024-02-02T07:20:22.651Z

Highlights: 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. Safe haven assets 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. The wages index, unemployment rate, consumer confidence and industrial orders are forecast from the United States.


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 still weak economic growth.

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

Safe haven assets 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.

While trading is still ongoing, Hong Kong (+0.4%), Seoul (+2.9%) and Mumbai (+1.7%) are also positive.

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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