Asian stocks weakened on Tuesday, brushing off an initial lift from better-than-expected Chinese economic data as signs of patchiness in the country's recovery weighed on investor sentiment.
Analysts said The mixed market performance was the result of some underlying Chinese data falling below expectations, despite the strong headline results.
"The thesis the market has that China is exiting the pandemic and growth will be driven by consumption is still in tact. While the recovery is on track, I don't think economic growth from what we have seen so far is exceeding expectations too much." For 2023, GDP growth was expected to pick up to 5.4%, a Reuters poll last week showed, from 3.0% last year, which was one of its worst performances in nearly half a century due to the pandemic.
The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.1773% compared with a U.S. close of 4.188%.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Asian Stock Market: Shanghai soars as PBoC promises prudent policy, oil remains under pressureMarkets in the Asian domain are showing country-specific action. Volatility in Asian stocks seems higher despite S&P500 remaining less volatile on Fri
Leer más »
Asian Stock Market: Mostly bearish amid volatility inspired by quarterly result season, oil attempts recoveryAsian Stock Market: Mostly bearish amid volatility inspired by quarterly result season, oil attempts recovery – by Sagar_Dua24 Asia China Nikkei Oil BOJ
Leer más »
Taxes are due Tuesday in only 3 of 58 California countiesOnly three California counties need their taxes filed by Tuesday — every other county has until Oct. 16.
Leer más »
Fox News and Dominion trial delayed until Tuesday: What to know | CNN BusinessA trial in a defamation suit brought against Fox News by Dominion Voting Systems is set to begin this week. It could have significant ramifications for the right-wing cable channel.
Leer más »
Start of Dominion-Fox defamation trial delayed until TuesdayThe start of the trial in Dominion Voting Systems' $1.6 billion defamation lawsuit against Fox News has been delayed until Tuesday, by one day, the judge has announced.
Leer más »
Judge delays start of Fox News defamation trial until TuesdayThe Delaware judge overseeing a voting machine company’s $1.6 billion defamation lawsuit against Fox News announced late Sunday that he was delaying the start of the trial until Tuesday. He did not cite a reason.
Leer más »