1. #Asian stock markets
2. #Wall Street record heights
3. #Hong Kong benchmark
4. #Nikkei 225 index
5. #Hang Seng index
6. #Shanghai Composite index
7. #China loan prime rate
8. #South Korea Kospi
9. #Australia S&P/ASX 200
10. #Treasury yields
11. #Fed rate cuts
12. #Technology stocks
13. #Chip companies
14. #Energy trading
15. #U.S. crude price
16. #Brent crude price
17. #U.S. dollar exchange rate
18. #Euro exchange rate
19. #Bank of Japan policy meeting
20. #People’s Bank of China medium-term lending facility rate
Asian Markets Show Mixed Performance
Stocks across Asian markets showed mixed performance on Monday following a record-setting day for Wall Street. While Tokyo’s Nikkei 225 index gained 1.7%, Hong Kong’s benchmark dropped nearly 3%, hovering near a 15-month low. The Hang Seng has notably shrunk more than 10% this year, its worst start to a year since 2016. In China, the Shanghai Composite index was down 2.5%, with commercial banks keeping their loan prime rate unchanged amid downward pressure on the yuan.
In the U.S., the S&P 500 and Dow Jones Industrial Average set new records, driven in part by hopes for rate cuts as U.S. inflation remained tame. Treasury yields have relaxed significantly on expectations for rate cuts, and the Fed has hinted that rate cuts are coming. However, some officials have indicated they may begin later than the market is hoping for.
Overall, the mixed performance in Asian markets reflects ongoing uncertainty around economic stimulus measures and interest rate changes.
Summery :
– Asian markets were mixed, with Hong Kong’s benchmark dropping nearly 3%
– U.S. futures climbed while oil prices dropped
– The Bank of Japan was expected to keep ultra-low interest rates unchanged
– China’s commercial banks kept their loan prime rate unchanged, disappointing investors
– Friday’s rally for Wall Street was driven by hopes for rate cuts, technology stocks, and chip companies rising for a second straight day
– In energy trading, benchmark U.S. crude gave up 31 cents to $72.94 a barrel, while Brent crude lost 35 cents to $78.21 a barrel
