Asia Markets Decline as Investors React to Japan’s Household Spending Data and China’s Central Bank Actions
Asia-Pacific markets experienced declines as investors evaluated Japan’s household spending and pay data. Real household spending in Japan fell by 0.4% year-on-year, which was a smaller drop than the 0.6% decline expected by economists. This was also an improvement compared to the 1.3% fall observed in the previous month. The average real income per household […]
Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses
Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed that the world’s largest economy grew more than expected during the fourth quarter, dispelling some […]