Arab Today, arab today asia markets slump on us china concerns
Last Updated : GMT 12:33:12
Arab Today, arab today
Arab Today, arab today

Asia markets slump on US, China concerns

Arab Today, arab today

Arab Today, arab today Asia markets slump on US, China concerns

Beijing- Arabstoday

Asian markets slumped yesterday after disappointing US jobs data raised fresh fears about the world’s biggest economy and amid renewed concern about China’s slowing growth. Investors are nervous ahead of the release of key Chinese economic indicators this week, with comments by Premier Wen Jiabao at the weekend adding to the concerns, which overshadowed positive news in the form of a sharp slowdown in inflation. Hong Kong tumbled 1.88%, or 372.55 points, to end at 19,428.09, their largest percentage loss for more than a month, while Shanghai plunged 2.37%, or 52.77 points, to finish at 2,170.81. Tokyo fell 1.37%, or 123.87 points, to end at 8,896.88, with a set of weak figures from its domestic economy adding to negative sentiment. Seoul slipped 1.19%, or 22.07 points, to close at 1,836.13, and Sydney ended 0.95%, or 39.5 points, lower at 4,118.3. Elsewhere, Taipei fell 0.80%, or 58.63 points, to 7,309.96; Wellington edged up 0.04%, or 1.49 points, to 3,480.19; Manila closed down 1.84%, or 98.94 points, at 5,263.74; Singapore closed down 1.66%, or 49.47 points, at 2,929.08 points; Jakarta closed 1.73%, or 70.15 points, lower at 3,985.05; Bangkok fell 1.09%, or 13.13 points, to 1,186.95; and Kuala Lumpur edged down 0.01%, or 0.24 points, to 1,620.31. The drop in Sydney stocks “has predominantly been about our market following the leads of the US market and its disappointment in yet another sub-par jobs report”, said Cameron Peacock, an analyst at IG Markets. In his comments at the weekend, Wen warned that “downward pressure is still relatively big” on the Chinese economy, although he also said that the economy was generally stable, according to the official Xinhua news agency. Combined with a surprise interest rate cut last week, the second in a month, the remarks heightened investor fears about China before the release of key data, including second quarter GDP, on Friday. Figures from the National Bureau of Statistics showed that the consumer price index rose by 2.2% year-on-year last month, the lowest rate since the start of 2010. While it gives the government a freer hand to act to boost growth, which slipped to an annual 8.1% in the first quarter, it did little to allay investor fears. Meanwhile, official data released on Friday after Asian markets closed showed that the US economy added only 80,000 jobs in June, well below expectations, leaving the unemployment rate at 8.2%. It was the latest disappointing economic report from the US and came shortly after International Monetary Fund chief Christine Lagarde warned that the fund would be cutting its global growth forecasts later this month. from gulf times.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia markets slump on us china concerns Arab Today, arab today asia markets slump on us china concerns

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia markets slump on us china concerns Arab Today, arab today asia markets slump on us china concerns

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday