Market News

Asia-Pacific Markets Amid Lingering Inflation Concerns

The Asia-Pacific markets displayed a diverse range of outcomes on the latest trading day as concerns about inflation persisted following the release of the U.S. Federal Reserve’s minutes from its July meeting. These concerns have the potential to trigger additional interest rate increases. The minutes underscored that due to the ongoing high levels of inflation and a tight labor market, several participants acknowledged significant upward risks to inflation, which might necessitate further tightening of the monetary policy.

Asia-Pacific Inflation Concerns

Hong Kong’s Hang Seng index managed a modest ascent of 0.23%, while China’s CSI 300 index edged up by 0.29%. In Australia, the S&P/ASX 200 index concluded with a decline of 0.68% at 7,146 points, marking its lowest point in over a month due to a minor uptick in the nation’s unemployment rate to 3.7% in July.

Japan’s Nikkei 225 index retreated by 0.61% to attain a level of 31,626, its lowest point since June, accompanied by the Topix index, which wrapped up 0.34% lower at 2,253.06.

South Korea’s Kospi wrapped up with a 0.23% drop at 2,519.85, extending its streak of five consecutive days of losses. On the contrary, the Kosdaq index stood apart from the trend, achieving a gain of 0.88% at 886.04.

Across the Pacific, in the United States, the Dow Jones Industrial Average witnessed a decline of 0.52%, the S&P 500 experienced a dip of 0.76%, and the Nasdaq Composite registered the most substantial loss, plummeting by 1.15%, all marking their second successive day of losses.

Looking ahead, there are several notable events to watch for:

  • 2:00 PM GMT: USD CB Leading Index m/m
  • 2:30 PM GMT: USD Natural Gas Storage
  • 11:01 PM GMT: GBP GfK Consumer Confidence
  • 11:30 PM GMT: JPY National Core CPI y/y

Lastly, stay updated with the Latest Market News. This is important for Traders!

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Newsletter

Subscribe to ForexPropNews Trading Newsletters

Receive the best-curated content by our editors for the week ahead.

Mini Charts

Related Articles

New York Empire State Manufacturing Index Surges, Lifting USD

Empire State Index surges, USD gains, and RBNZ cuts rates. The market...

Asia-Pacific Markets Rise as China Signals Private Sector Support

Asia-Pacific markets rise as China supports the private sector, with Japan, Hong...

Asia-Pacific Markets Gain as Focus on Central Bank Decisions

Asia-Pacific stock markets traded mostly higher on Monday as investors assessed Japan’s...

Asian Equities Rally Following Strong Wall Street Performance

Asian equities rallied following a strong Wall Street performance on U.S. tariff...