Stock markets weak in Asia, worries about China weigh
Negative stock markets in Asia and the Pacific due to persistent fears about the Chinese economy, which is also struggling with the real estate crisis, and about new hikes in US rates. In fact, the Fed summit in Jackson Hole between 24 and 26 August is just a few days away, during which President Jerome Powell will give the line on the future choices of the US central bank. Inflation in Japan rose more than expected, while retail sales in the United Kingdom slowed more than expected in July. Eurozone inflation is expected in the morning. Tokyo was down 0.55%, Seoul 0.61%, Taiwan 0.82% and Sydney was up 0.03%. Still open and all negative Hong Kong (-1.69%), Shanghai (-0.69%), Mumbai (-0.37%) and Singapore (-0.82%). Futures on Europe are negative, while those on US price lists are mixed. Crude oil increased (+0.35% to 80.67 dollars a barrel) and natural gas (+0.83% to 37.13 euros per MWh) unlike gold (-0.28% to 1,892 .76 dollars an ounce). The dollar fell to 0.91 euro and 145.23 yen, while the pound weakened to 0.78 against the dollar and 0.95 against the euro and the ruble, which changed hands at 94.74 against the dollar and 103, 1 on the euro. Instead, the differential between German ten-year BTPs and Bunds dropped to 171.1 points, with the Italian annual yield down by 9.3 points to 4.31% and the German one by 10.3 points to 2.6%. The large exporters Toyota (-1.18%), Yamaha (-1.28%), Sony (-0.95%) and Panasonic (-0.63%) were weak on the Tokyo market, where producers of semiconductors Advantest (+1.54%) and Tokyo Electron (+0.68%). Difficulties in Hong Kong for Jd Health (-11.84%), Alibaba Health (-9.07%), Longfor Group (-5.47%) and Lenovo (-4.95%).
2023-08-18 20:55:31
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