Chinese blue chips lost 0.66%, a day after economic data missed expectations
Pedestrians walk past a public screen displaying the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China. Picture: BLOOMBERG/QILAI SHEN
“It’s a bit choppy and uncertain at present, we’ve had a few soft days on the back of worries about global growth and then suddenly markets, at least US markets, conclude ‘it’s not that bad after all’," said Shane Oliver, chief economist at AMP Capital. The Dow Jones Industrial Average rose 0.68%, the S&P 500 gained 0.85% and the Nasdaq Composite added 0.82%.
US treasury yields inched down in Asian hours with the yield on benchmark 10-year treasury notes at 1.299% compared with its US close of 1.304%. Westpac analysts said this, too, looked likely to be largely rangebound.
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