Asian stocks fall as China rally pauses and rate optimism cools, with flat-to-low trading.

From Investing.com: 2024-05-07 22:59:13

Most Asian stocks traded flat-to-low as Chinese markets paused. Federal Reserve comments on potential U.S. interest rate cuts raised questions. Stock index futures in the U.S. remained stagnant in Asian trade.

China’s indexes retreated slightly from six-month highs after a recent rally fueled by economic optimism and bargain buying. Hong Kong’s index rose to an eight-month high on gains in tech and real estate stocks.

Japan’s Nikkei 225 fell amid yen uncertainty, with recent government intervention causing caution in markets. Toyota awaited third party ad amid falling shares. A stronger yen hampers Japanese exporters and foreign capital flows. Australian and South Korean markets held steady while Indian index futures indicated a muted open.



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