CXSE - Asia-Pacific stocks mixed after raft of upbeat economic data in China; eyes on Fed remarks
2023-10-18 03:10:48 ET
Japan ( NKY:IND ) +0.01% .
China ( SHCOMP ) -0.80% . China's Q3 GDP growth slows to 4.9%, beats estimates
China Sep. Industrial Production 4.5% y/y (exp 4.3%) & Retail sales 5.5% y/y (exp 4.9%).
China's surveyed urban unemployment rate declined to 5.0% in September 2023 from 5.2% in August.
However, woes from the property sector remain a drag on the economy as a number of China's largest developers face a potential default and the U.S. imposed curbs on sales of chips made by the company to China.
Hong Kong ( HSI ) -0.20% .
India ( SENSEX ) -0.68%.
Australia ( AS51 ) +0.30% .
In the U.S. on Tuesday, all three major indexes ended mixed/near unchanged amid a jump in US Treasury yields as strong retail sales print fueled fresh fears of another tightening from the Fed before year-end.
U.S. stock futures edged lower on Wednesday after the major averages ended mixed in the last session: Dow -0.08% ; S&P 500 -0.16% ; Nasdaq -0.25% .
Traders now anticipate a speech from Fed Chair Powell later this week and the start of earnings season.
Meanwhile, tensions escalated in the Middle East after a blast at a Gaza City hospital killed about 500 Palestinians on Tuesday, with Israel denying that it carried out the attack.
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
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Asia-Pacific stocks mixed after raft of upbeat economic data in China; eyes on Fed remarks