Asian markets dip with eyes on China’s economy, possible U.S. shutdown

Asian markets dip with eyes on China’s economy, possible U.S. shutdown

Tuesday’s Asian trade was subdued due to concerns over a probable US government shutdown and the Chinese economy. In early trade, Japan’s benchmark Nikkei 225 index fell 0.8%. The S&P/ASX 200 in Australia fell 0.5%, while the Kospi in South Korea fell 1.2%. The Hang Seng in Hong Kong fell 0.6%, while the Shanghai Composite … Read more

Asian markets rose as US inflation soothes rate fears for now

Asian markets rose as US inflation soothes rate fears for now

The Federal Reserve may raise interest rates next week, but a mixed report on US inflation on Thursday helped Asian markets. However, the still-hot figure left open the potential of another rate hike before the year is out. Despite the fact that the data did not definitively support further tightening, analysts claimed that traders were … Read more