Nikkei Plummets on US Fears; China Woes Weigh on Hang Seng
==========
Japan's benchmark Nikkei 225 index experienced its largest daily percentage fall in over four years, closing down 5.81% on Friday; Shares across Asia saw their worst day in over two years due to weaker-than-expected US factory data and concerns about the US economy; The yen strengthened following the Bank of Japan's rate hike decision, adding more stress to investor sentiment; China's blue-chip CSI300 index was down 1.02%, and the Shanghai Composite Index slipped 0.92%; Asian stocks are expected to continue their decline into Europe; Focus will turn to the non-farm payrolls report for further clues on the health of the US labor market and the broader economy; The yen edged higher to 149.18 per dollar, and the 10-year Treasury yield fell to a six-month low of 3.9440%; Oil prices edged higher, with Brent at $79.99 a barrel and US crude at $76.79 per barrel.
#HangSengIndex #Nifty50 #Nikkei225
https://www.asiafinancial.com/nikkei-plummets-on-us-fears-china-woes-weigh-on-hang-seng
Asia Financial /
npub1tf…4lkk0
2024-08-02 10:02:58
Author Public Key
npub1tfqzenj4wwscy7hhrs7d9wygkqncl5ywgqlcc32lffwtg5yskruq74lkk0Published at
2024-08-02 10:02:58Event JSON
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"content": "Nikkei Plummets on US Fears; China Woes Weigh on Hang Seng\n==========\n\nJapan's benchmark Nikkei 225 index experienced its largest daily percentage fall in over four years, closing down 5.81% on Friday; Shares across Asia saw their worst day in over two years due to weaker-than-expected US factory data and concerns about the US economy; The yen strengthened following the Bank of Japan's rate hike decision, adding more stress to investor sentiment; China's blue-chip CSI300 index was down 1.02%, and the Shanghai Composite Index slipped 0.92%; Asian stocks are expected to continue their decline into Europe; Focus will turn to the non-farm payrolls report for further clues on the health of the US labor market and the broader economy; The yen edged higher to 149.18 per dollar, and the 10-year Treasury yield fell to a six-month low of 3.9440%; Oil prices edged higher, with Brent at $79.99 a barrel and US crude at $76.79 per barrel.\n\n#HangSengIndex #Nifty50 #Nikkei225\n\nhttps://www.asiafinancial.com/nikkei-plummets-on-us-fears-china-woes-weigh-on-hang-seng",
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