Asian stocks dip as China weighs, rate anxiety builds before Powell By Investing.com

From Investing.com:

Most Asian stocks dropped on Wednesday due to a weak economic forecast from China and concerns over U.S. interest rates. Chinese shares fell after Beijing announced a modest GDP target for 2024, contributing to the overall negative market sentiment. Asian tech stocks, including Apple suppliers, also suffered losses following reports of sluggish iPhone sales in China. Despite this, Hong Kong’s Hang Seng index managed to recover slightly. Futures for India’s Nifty 50 index were flat, while tech stocks in South Korea and Japan faced downward pressure. Overall, Asian markets continue to face volatility and uncertainty.



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