asia markets slump on us china concerns
Last Updated : GMT 07:46:37
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

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
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*

asia markets slump on us china concerns asia markets slump on us china concerns

 



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*

asia markets slump on us china concerns asia markets slump on us china concerns

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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