Asian stocks fell overnight after another rout hit Wall Street on Friday.
The Nikkei (^N225) fell 0.5% on the day in Tokyo, trading around its lowest level in almost a month earlier in the session, as Japan’s gross domestic product grew by 2.9% in the second quarter compared to the previous three months,
This was according to revised data from the Cabinet Office, which was below expectations.
Meanwhile the Hang Seng (^HSI) lost 1.7% in Hong Kong and the Shanghai Composite (000001.SS) was 1.1% down by the end of the session after worse-than-expected inflation data disappointed investors.
Data from the National Bureau of Statistics on Monday showed deflationary pressure continues to loom large, as the consumer price index grew by 0.6% in the year to August.
It came after highly anticipated jobs market data came in weak enough to add to worries about the US economy on Friday. It revived fears that months of elevated borrowing costs are putting pressure on the economy.
Across the pond, the S&P 500 rose 0.5%, and the tech-heavy Nasdaq was 0.7% higher. The Dow Jones also gained 0.5%.
The S&P 500 (^GSPC) fell 1.7% to 5,408.42 and the Dow Jones (^DJI) slipped 1% to 40,345.41. The tech-heavy Nasdaq (^IXIC) ended 2.6% lower to 16,690.83.
2025 UK City of Culture expected to create 6,500 jobs across the district Government provides £5 million cash boost taking total government support for B
LONDON, UNITED KINGDOM — The UK retail sector, the largest private employer in the country, is experiencing a significant decline in jobs as companies increas
Many Hongkongers settling in Britain under a bespoke immigration pathway are working in jobs that fail to fully utilise their previous professional skills and q
More than 400 retail jobs have been lost every day this year as the UK High Street faces soaring costs, writes Emily Hawkins. Bleak figures from the Centre