Asian Stock Exchanges US CBI | Scholarships and codes
1 min readIn response, the Tokyo Stock Exchange closed 1.00%, along with the Hong Kong Stock Exchange, which suffered the leading market losses in the region, falling 1.07% amid concerns about Evergrande. In Asia-Pacific, the Shanghai stock market fell 0.18% and Seoul 0.64%. The stock market in Sydney fell 0.42%. The exception was the Indonesian stock market, which rose 0.14%.
Investors are on hold for the US consumer price data for November. Central bank members, who meet next week, have recently said they are ready to act if needed to reduce inflation, which hit a 30-point high in October.
“Investments take some risks while waiting for the numbers,” Ig’s Jeep Jun Rong summed up in a statement.
Meanwhile, investors anticipate headline inflation in Japan, which hit a record 9.0% in November, rising for the ninth consecutive month. This increase reflects the pressure on prices amid supply disruptions and rising raw material costs.
News from Japan sets the stage for the release of the US CPI, which can be renewed for a maximum of 30 years, reaching annual rates in the range of 7%.
Among equities, China Fortune Land Development rose 10% in Shanghai, easing concerns over the Chinese property sector, which has been burdening markets in the region this week, following developers’ approval of a credit restructuring plan by lenders. Both its subsidiaries and Giza’s “restricted default”, after failing to pay coupon bonds in US dollars (on the beach).
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