Asian markets stutter after rally, Hong Kong brushes off protests

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Asian markets stutter after rally, Hong Kong brushes off protests
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The flare-up comes after weeks of massive demonstrations over a push to pass a bill that would allow extraditions to the mainland.

Asian investors took a breather Tuesday as the previous day’s gains fuelled by the resumption of China-US trade talks were offset by worries about the global economic outlook following the release of disappointing factory data.

Stephen Innes at Vanguard Markets said: “Traders found themselves running too far ahead of the economic realities after a swathe of disappointing manufacturing reports from the US, China, and Europe provided a not-too-subtle reminder that the outlook for global growth remains quite harmful to risk sentiment.”

The Federal Reserve is widely tipped to cut interest rates at its next policy meeting this month and the release of a US jobs report Friday will be closely followed as a weak reading could boost the case for a big reduction.

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