[ad_1]
Shares in Asia were largely sold on Monday as investors softened their expectations for easing US monetary policy after stronger than expected employment data last week.
In the morning, trade with most major indices in the region was down, with Kospi (South Korea) leading the way, down 1.9%. The Seng Hong Kong Hang index rose 1.4%, while China's CSI 300, Shanghai and Shenzhen fell 1.3%. Japanese Topix slipped 0.6%.
The losses came as investors lowered their expectations for the rate of interest rate cuts by the US Federal Reserve after Friday's nonfarm payroll report was significantly stronger than expected. This indicates that the US economy may be slowing at a slower pace than expected.
Among the largest investors down in Hong Kong, whose currency is linked to the US dollar, were Monday interest-sensitive real estate companies.
US futures announced a 0.2% dip in the S & P 500 when Wall Street opens next Monday.
To come up
- Taiwan Trade Data
- Trade data from Germany
Stories of the best markets
Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
Source link
