Asian Stock Market: NZX 50 drops 1.0% amid mixed markets, firmer yields – by anilpanchal7 Asia NewZealand Equities YieldCurve Recession
That said, the MSCI’s index of Asia-Pacific shares outside Japan drops 0.05% at the latest while Japan’s Nikkei 225 remains indecisive around 28,945 level. It’s worth noting that New Zealand’s benchmark NZX 50 drops near 1.0% as the Reserve Bank of New Zealand Governor hints at more rate hikes while the trade numbers for July failed to impress buyers.
While portraying the broad market performance, Reuters mentioned that Chinese blue chips were flat, while South Korea lost 0.5%. “The threat of higher borrowing costs hung over markets as no less than four U.S. Federal Reserve officials signaled there was more work to do on interestIt’s worth noting that a lack of major data/events also seems to limit the Asia-Pacific share traders’ capacity to move the markets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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