From Google: 2024-09-15 22:25:37

Asian stocks experienced volatility as strong Chinese economic data offset concerns over the Federal Reserve’s monetary policy. The Hang Seng Index rose 0.3%, while the Nikkei 225 fell 0.8%. China’s industrial production exceeded expectations, growing 7.3% in August. However, the Evergrande crisis continued to loom over markets, with uncertainty persisting.

Global markets were mixed as investors weighed economic data against the Federal Reserve’s decision-making. Tech stocks in Asia struggled, with Japan’s Topix index falling 0.5%. US stock futures were largely unchanged, signaling a cautious sentiment among investors. European markets also faced uncertainty, with the Stoxx Europe 600 index fluctuating throughout the day.

Despite positive economic data from China, concerns surrounding Evergrande’s debt crisis kept investors on edge. The property giant’s struggles have raised fears of contagion throughout the global financial system. Meanwhile, the Federal Reserve’s upcoming policy meeting added to market uncertainty, as investors awaited clues on potential tapering of stimulus measures.

The fluctuating market conditions highlighted the delicate balance between strong economic data and lingering concerns over central bank policies. Investors remain cautious amid uncertainties surrounding Evergrande’s potential default and the Federal Reserve’s next steps. The global financial landscape continues to be influenced by a combination of positive economic indicators and lingering risks.



Read more at Google: Asian Stocks Swing as China Data Offset Fed Bets: Markets Wrap – Financial Post