Asian Stocks Follow U.S. Slump as Investors Await China Data

8772aa5941801cc6da85a23684c011fd
Emas Turun Terkait Outlook Suku Bunga AS, Palladium Melanjutkan Rebound
28/07/2015
caf6bc8a8c5ff7a350ab2e25bb80bffb
China’s Gold Buying From Hong Kong Drops to Lowest in a Year
28/07/2015

Asian Stocks Follow U.S. Slump as Investors Await China Data

cf25a19e1d3c2e468dd1298ec6e621e4

PT. Equityworld Futures – Asian stocks fell, after the Dow Jones Industrial Average posted its worst week since January, as investors awaited data on China amid a selloff in commodities.

The MSCI Asia Pacific Index dropped 0.4 percent to 141.95 as of 9:00 a.m. in Tokyo after the Dow slumped 2.9 percent last week. China reports on industrial company profits Monday, providing further clues on the slowdown in Asia’s largest economy. Gold is trading near a five-year low and oil is in a bear market amid concern raw material supplies are outpacing demand. In the U.S., data are due on durable and capital goods orders, with investors looking to this week’s meeting of the Federal Reserve to gauge the timing for higher interest rates.

Japan’s Topix index fell 0.7 percent. South Korea’s Kospi index dropped 0.5 percent. Australia’s S&P/ASX 200 Index lost 0.2 percent and New Zealand’s NZX 50 Index slipped 0.4 percent.

Futures on Hong Kong’s Hang Seng Index sank 0.7 percent in most recent trading, with contracts on the Hang Seng China Enterprises Index, a gauge of mainland Chinese stocks listed in the city, down 1.1 percent. Futures on the FTSE China A50 Index, which tracks the largest Chinese companies, lost 0.8 percent and CSI 300 Index contracts declined 3 percent in Friday trade.

S&P 500 e-mini futures were little changed on Monday. The underlying equity gauge lost 1.1 percent on Friday.

Sumber : www.ewfpro.com

Comments are closed.