Asian Markets Mostly Decline, Pressured By Concerns Over Weak Economic Growth In China
Portfolio Pulse from Benzinga Newsdesk
Asian markets are mostly declining due to concerns over weak economic growth in China. The Nikkei 225 is up 11%, while the Hang Seng is down 2.01%, Shanghai is down 0.24%, and the Shanghai Shenzhen CSI 300 is down 0.18%. The US Dollar has slipped 0.11% to 99.74 during the Asian session.
July 18, 2023 | 5:26 am
News sentiment analysis
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NEGATIVE IMPACT
The Hang Seng and Shanghai indices, which FXI tracks, are down, indicating a potential negative impact on FXI.
FXI tracks the performance of the Hang Seng and Shanghai indices. As these indices are down, this could lead to a drop in the price of FXI in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
The Nikkei 225, which EWJ tracks, is up 11%, indicating a potential positive impact on EWJ.
EWJ tracks the performance of the Nikkei 225. As the Nikkei 225 is up 11%, this could lead to a rise in the price of EWJ in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80