Japan's Nikkei falls over 4% while Australia stocks hit all-time high, awaiting China data.

From Google: 2024-09-29 19:50:22

Japan’s Nikkei falls over 4% due to weak corporate earnings and rising bond yields. Meanwhile, Australia stocks hit a fresh all-time high as investors await data on China’s economic growth. The Nikkei’s decline was fueled by a sell-off in tech and financial shares.

Investors are keeping a close eye on China’s upcoming economic data, including GDP growth and retail sales figures. The data will provide insight into the health of the world’s second-largest economy. Australia’s stock market reached a new high as investors remain optimistic about economic recovery.

The Australian stock market’s rally was led by gains in energy and mining stocks, with the benchmark index hitting a record high. The positive sentiment was supported by strong corporate earnings and optimism about the global economic recovery. Investors are eager to see the impact of China’s economic data on the market.



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