Asian stocks rise following US gains, Chinese stocks lag

From Investing.com: 2024-08-13 23:11:29

Most Asian stocks rose on Wednesday, following Wall Street’s gains, amid expectations of a September rate cut by the Federal Reserve. However, Chinese stocks lagged as investors await earnings reports from major Chinese firms. U.S. stock futures were flat in Asian trade. In Japan, markets rebounded 0.4%, but concerns over inflation growth and upcoming economic data kept investors cautious. Australia’s market increased by 0.7%, led by Commonwealth Bank Of Australia. South Korea’s market also rose by 0.7%, while India’s market faced uncertainties due to a short seller dispute. Chinese stocks dropped as investors awaited earnings reports and economic data.



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