Asian stocks fall after China rate cut and Biden withdrawal, markets expected news

From The Standard: 2024-07-21 23:45:00

Asian shares fell, ignoring China’s central bank rate cut and Biden’s election withdrawal. China’s blue chips slipped 0.8 percent. Biden endorsed Harris for the Democratic ticket. Markets expected the news. Futures for S&P 500 and Nasdaq nudged up. A week of corporate earnings ahead, with tech and communication sectors projected to see significant increases. (Reuters)



Read more at The Standard: Asia stocks skid as China trims rates; Biden bows out