Market News

Asian Market Reacts to China Deflation in Stocks

Asian market China deflation stocks

Explore Asian market fluctuations amid China deflation in stocks market concerns and global economic shifts. Stay informed on market updates and upcoming events.

Global Market Overview

  • Asian Stock Markets: Nikkei rises by 1.57%, Shanghai Composite up by 0.82%, Hang Seng decreases by 0.47%, ASX shows a marginal increase of 0.07%
  • Commodity Prices: Gold at $2014.5 (0.02%), Silver at $23.13 (0.34%), Brent Oil at $76.56 (2.82%), WTI Oil at $71.77 (0.73%)
  • Interest Rates: US 10-year yield at 4.257, UK 10-year yield at 4.054, Germany 10-year yield at 2.259

News & Data

  • (USD) Average Hourly Earnings m/m 0.4% vs 0.3% expected
  • (USD) Non-Farm Employment Change 199K vs 184K expected
  • (USD) Unemployment Rate 3.7% vs 3.9% expected

Asian Market Reacts to China Deflation in Stocks

Market Update

Amidst China’s economic challenges, its stock market experienced a downturn on Monday fueled by persistent deflationary pressures and weakened domestic demand. In contrast, Japan witnessed a surge in its stock market, prompted by speculation regarding a potential delay in the country’s anticipated interest rate hike.

Recent data for November from China unveiled a more significant-than-expected decline in consumer prices, with the consumer price index dropping by 0.5% year-on-year, surpassing the predicted 0.1% decline. Additionally, the producer price index (PPI) recorded a 3% year-on-year decrease, marking the 14th consecutive month of decline and the most rapid fall since August.

China’s CSI 300 index fell by 1.28% at the market’s opening. Meanwhile, Hong Kong’s Hang Seng index lagged with a 0.9% drop, contrasting with other markets in the Asia-Pacific region. Conversely, Japan’s Nikkei 225 surged by 1.56%, and the broader Topix index exhibited a more moderate increase of 1.35%.

The week’s attention centers on the impending monetary policy decision of the US Federal Reserve, widely anticipating the maintenance of the policy rate within the 5.25% to 5.5% range. Meanwhile, Australia’s S&P/ASX 200 began the week with a 0.21% rise, aiming for a three-month high. South Korea’s Kospi index struggled to gain direction, showing a minimal 0.06% increase, while the small-cap Kosdaq demonstrated a more significant rise of 0.92%. In the US, all three major indexes reported gains on Friday, with the S&P 500 reaching a new yearly high, indicating a robust economy and moderated inflation.

Upcoming Events

11:30 PM GMT – AUD Westpac Consumer Sentiment

11:50 PM GMT – JPY PPI y/y

Stay Updated with the Latest Market News. Visit our YouTube Channel for the Latest Forex Analysis.

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

Fidelcrest video review

Play Video

Related Articles

Dow and Nasdaq Near Peaks, Hang Seng Rally Strong

Global markets show Dow Jones and Nasdaq 100 nearing record highs, while...

Gold Bulls Stifled by Resistance as Focus Shifts to US PCE

Gold prices retreated on Monday, pressured by rising U.S. Treasury yields, with...

Crypto Stock Surge as Market Hits New Highs

Bitcoin and Ethereum surge to $57k and $3,275 respectively, driven by strong...

USD/CAD: H1 Support is in Play

USD/CAD -Technical Analysis- H4 Chart The chart shows that the price made...

Featured educational content

EXPLORE MORE

Featured educational content

New to Forex? Learn to Read Charts Like a Pro

Dive into forex trading basics: chart reading, candlesticks, technical indicators, timeframes, currency pairs. Start your journey to trading success today!

Video: How I Re-Programmed My Mind to be a Consistent Trader (Thanks to The Wolf of Wall Street)

How I Re-Programmed My Mind to be a Killer Trader (Thanks to The Wolf of Wall Street)

Video: This Invisible Trading Indicator Tells you What Day Trade (Not Just Price)

This Invisible Trading Indicator Tells you WHEN to Trade (Not Just Where)

Technical Analysis: Chart Patterns and Indicators for Profitable Investments

Navigate stocks with confidence using chart patterns like Head and Shoulders, indicators such as MACD, and tools like trendlines. Master technical analysis for...

Latest News

Dow Nasdaq Hang Seng
Market News

Dow and Nasdaq Near Peaks, Hang Seng Rally Strong

Global markets show Dow Jones and Nasdaq 100 nearing record highs, while Hang Seng Index rallies above 100-day SMA.

Gold US PCE
Market News

Gold Bulls Stifled by Resistance as Focus Shifts to US PCE

Gold prices retreated on Monday, pressured by rising U.S. Treasury yields, with investors eyeing the upcoming US PCE data release.

Copyright © 2023 Forex Prop News. All Rights Reserved.