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Asian stocks stumble as weak China data fan global growth worries

By Alun John HONG KONG (Reuters) - Asian shares fell on Wednesday as weak Chinese economic data reinforced worries about slowing growth globally as well as in the world's...
Asian stocks stumble as weak China data fan global growth worries © Reuters. FILE PHOTO: A man wearing a protective face mask walks past a stock quotation board outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato

By Alun John

HONG KONG (Reuters) - Asian shares fell on Wednesday as weak Chinese economic data reinforced worries about slowing growth globally as well as in the world's second-biggest economy amid fraught nerves over a still-dominant pandemic and tapering of central banks' stimulus.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.82%, extending earlier losses after the release of the Chinese data, while Tokyo's Nikkei shed 0.89%, moving off a more than 31-year closing-high the day before.

A burst of data out of China showed businesses were grappling with the impact of localised lockdowns following sporadic COVID-19 outbreaks, supply bottlenecks and high raw materials costs.

Retail sales grew at the slowest pace since August 2020 and missed analysts expectations, while industrial output also rose at a weaker pace from July, underscoring recent signs of slackening economic momentum in China and adding to expectations Beijing will offer more stimulus over coming months.

After the data, Chinese blue chips were down 0.73%.

The Hong Kong benchmark shed 0.87% dragged down by casino stocks as the gaming hub of Macau begins a consultation ahead of a closely watched rebidding of its multi-billion dollar casinos next year.

Shares of Wynn Macau (OTC:WYNMF) at one point were down more than 30%.

Markets also remained focused on the timeline for tapering the Federal Reserve's massive pandemic-led stimulus.

“There is uncertainty in markets at the moment as investors wait to see what the Federal Reserve will do about tapering their asset purchases, which depends on the state of the labour market and the inflation situation,” said Sean Debow Asia CEO of Eurizon Asset Management.

Debow said greater clarity would emerge on both in the coming weeks though for now markets were quick to react to any data points on employment and inflation.

Overnight the U.S. Labor Department reported the Consumer Price Index in August posted its smallest gain in six months, suggesting inflation has probably peaked, aligning with Fed Chair Jerome Powell's long-held belief that high inflation is transitory.

Lower inflation suggests that the Fed will be under less pressure to begin trimming its vast asset purchases, and, as a result, the yield on the benchmark 10-year note US10YT=RR fell as low as 1.263%, its lowest since Aug. 24.

Yields recovered slightly and were little changed in Asia on Wednesday at 1.285%, while the dollar was steady also having slipped against a basket of its peers on the inflation figures.

Overnight on Wall Street, worries about slowing growth saw the Dow Jones Industrial Average <.DJI lose, while the S&P 500 fell 0.57% and the Nasdaq Composite was down 0.45%. (N)

Barely a tenth of respondents to Bank of America (NYSE:BAC)'s monthly fund manager survey expect a stronger global economy in the coming months, marking the lowest proportion since last April's initial COVID-19 panic, the September edition of the survey showed.

The spread of the Delta variant was cited as the reason for the pessimism.

Oil prices gained on a larger than expected drawdown in crude oil stocks in the United States, with U.S. crude gaining 0.51% to $70.82 a barrel and Brent crude rising 0.46% to $73.94 per barrel. [O/R]

Spot gold was traded at $1802.0374 per ounce off 0.12%, having reached a one week peak of $1,808.50 on the prospects for lower interest rates. [GOL/]

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18-09-2021 02:46:09 (UTC+7)

EUR/USD

1.1731

-0.0033 (-0.28%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (1)

EUR/USD

1.1731

-0.0033 (-0.28%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (1)

GBP/USD

1.3742

-0.0046 (-0.33%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

USD/JPY

109.97

+0.28 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

AUD/USD

0.7272

-0.0016 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

USD/CAD

1.2743

+0.0062 (+0.49%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (4)

Sell (2)

EUR/JPY

129.01

-0.04 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0938

+0.0027 (+0.24%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (0)

Sell (8)

Gold Futures

1,752.55

-4.15 (-0.24%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (2)

Silver Futures

22.410

-0.384 (-1.68%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

Copper Futures

4.2423

-0.0392 (-0.92%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Crude Oil WTI Futures

72.00

-0.56 (-0.77%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (1)

Brent Oil Futures

75.37

-0.30 (-0.40%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (2)

Natural Gas Futures

5.062

-0.273 (-5.12%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

186.75

-1.40 (-0.74%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,130.84

-39.03 (-0.94%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

S&P 500

4,434.76

-39.00 (-0.87%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

15,490.17

-161.58 (-1.03%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

FTSE 100

6,963.64

-63.84 (-0.91%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Hang Seng

24,920.76

+252.91 (+1.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

US Small Cap 2000

2,231.25

-5.03 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

IBEX 35

8,760.90

+27.20 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

63.085

-2.125 (-3.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

45.07

-0.57 (-1.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

190.23

-2.24 (-1.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Adidas AG

281.60

-3.70 (-1.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Deutsche Lufthansa AG

8.210

+0.209 (+2.61%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (1)

Siemens AG Class N

148.76

-1.28 (-0.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Deutsche Bank AG

11.080

-0.025 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (8)

    EUR/USD 1.1731 Neutral  
    GBP/USD 1.3742 ↑ Buy  
    USD/JPY 109.97 ↑ Buy  
    AUD/USD 0.7272 ↑ Buy  
    USD/CAD 1.2743 Neutral  
    EUR/JPY 129.01 ↑ Buy  
    EUR/CHF 1.0938 Neutral  
    Gold 1,752.55 Neutral  
    Silver 22.410 ↑ Buy  
    Copper 4.2423 ↑ Sell  
    Crude Oil WTI 72.00 Buy  
    Brent Oil 75.37 Neutral  
    Natural Gas 5.062 ↑ Buy  
    US Coffee C 186.75 Buy  
    Euro Stoxx 50 4,130.84 ↑ Buy  
    S&P 500 4,434.76 ↑ Buy  
    DAX 15,490.17 ↑ Buy  
    FTSE 100 6,963.64 ↑ Buy  
    Hang Seng 24,920.76 ↑ Buy  
    Small Cap 2000 2,231.25 ↑ Buy  
    IBEX 35 8,760.90 ↑ Sell  
    BASF 63.085 ↑ Sell  
    Bayer 45.07 ↑ Sell  
    Allianz 190.23 ↑ Sell  
    Adidas 281.60 ↑ Sell  
    Lufthansa 8.210 Neutral  
    Siemens AG 148.76 ↑ Sell  
    Deutsche Bank AG 11.080 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,600/ 5,665
(0/ 0) # 809
SJC HCM5,600/ 5,665
(0/ 0) # 810
SJC Hanoi5,600/ 5,667
(0/ 0) # 812
SJC Danang5,600/ 5,667
(0/ 0) # 812
SJC Nhatrang5,600/ 5,667
(0/ 0) # 812
SJC Cantho5,600/ 5,667
(0/ 0) # 812
Cập nhật 18-09-2021 02:46:11
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ↀ Giá vàng thế giới
$1,752.22 -1.91 -0.11%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI $72.02 -0.6 -0.83%
Brent $75.40 -0.61 -0.81%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.640,0022.870,00
EUR26.118,3927.477,69
GBP30.621,6331.901,01
JPY202,13213,83
KRW16,7120,34
Cập nhật lúc 18:53:14 17/09/2021
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