الخميس، 28 يوليو 2016

Asia dips as China stocks deepen losses, dollar down after Fed



Asian stocks were mostly lower on Thursday as Chinese equities deepened their losses, souring risk sentiment that had improved earlier after the Federal Reserve provided a positive assessment of the U.S. economy.
Spreadbetters forecast a slightly lower open for Britain's FTSE .FTSE, Germany's DAX.GDAXI and France's CAC .FCHI.
The dollar fell as some in the currency market had hoped the Fed would give a clearer indication that it could raise rates before end-2016.
South Korea's Kospi .KS11 and Hong Kong's Hang Seng .HSI both shed 0.4 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS, which briefly climbed to its highest level since August 2015, clung to gains and was last up 0.1 percent.
Shanghai .SSEC fell 0.6 percent after shedding 1.9 percent the previous day.
News that Chinese regulators are planning a tough clampdown on wealth management products to curb risks to the banking system had weighed heavily on Chinese stocks, with investors still wading through the details.
Japan's Nikkei declined more than 1 percent, undermined by a stronger yen and nerves before the Bank of Japan's monetary policy decision on Friday.
With the Fed meeting over, the spotlight fell on the BOJ, under mounting pressure to ease monetary policy and keep abreast of the Japanese government's large fiscal stimulus plan.

"The best-case scenario for the market is that the BOJ decides to increase government debt purchases without cutting interest rates further into negative territory," said Hikaru Sato, a senior technical analyst at Daiwa Securities in Tokyo.

ليست هناك تعليقات:

إرسال تعليق