From Investing.com: 2024-11-13 21:35:05

Most Asian stocks fell on Thursday due to uncertainty over future interest rate cuts and the need for more stimulus measures in China. U.S. inflation data remained sticky, sparking bets on a December rate cut. Markets awaited cues on monetary policy and potential inflationary policies under Trump.

China stocks drifted lower as investors awaited more stimulus measures. Hong Kong stocks fell despite positive earnings from Tencent Holdings. The PBOC is expected to make a decision on rates next week, with uncertainty over further cuts. China is waiting to gauge the impact of a Trump presidency before unlocking more stimulus.

Australian stocks rose as RBA’s Bullock stated rates would remain steady until inflation eases. Bullock highlighted uncertainty over the U.S. economic outlook and potential inflationary policies under Trump. Australia’s job market showed cooling growth in October, impacting the inflation outlook. Asian markets struggled amid economic uncertainty and Trump’s presidency.

Japan’s index fell, while South Korea’s added. India’s index faced a weak open after a 10% decline from record highs in September. Recent weakness in Indian stocks was driven by concerns over high inflation and foreign investors exiting local markets.



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