- Asian stock markets edge lower amid the fear of more rates hike, China’s economic woes.
- Evergrande, China’s second-largest real estate company filed for bankruptcy in a US court.
- The Japanese National Consumer Price Index (CPI) for July YoY came in better than expected.
- Market participants will keep an eye on the headlines surrounding China’s debt crisis and real-estate woes.
Asian stock markets trade lower on Friday. A stronger-than-expected US unemployment claims on Thursday indicated a robust labor market, which triggered some follow-through selling on Wall Street. Investors are concerned about the odds of another interest rate rise by the Federal Reserve (Fed) and China’s economic woes.
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