Asian Markets Mixed, Chinese Markets Down On Poor Economic Conditions, Japan And Australia Gain On US Earnings And Retail Data
Portfolio Pulse from Benzinga Newsdesk
Asian markets showed mixed results with Chinese markets down due to poor economic conditions, while Japan and Australia gained on US earnings and retail data. The US Dollar rose 0.09% during the Asian session.
July 19, 2023 | 5:47 am
News sentiment analysis
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NEGATIVE IMPACT
The Chinese market, represented by FXI, fell due to poor economic conditions.
The Chinese market, tracked by FXI, fell due to poor economic conditions. This suggests a negative correlation between the Chinese economy and FXI, which could lead to a short-term decrease in FXI's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Australian market, represented by EWA, gained due to positive US earnings and retail data.
The Australian market, tracked by EWA, gained due to positive US earnings and retail data. This suggests a positive correlation between the US and Australian markets, which could lead to a short-term increase in EWA's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Japanese market, represented by EWJ, gained due to positive US earnings and retail data.
The Japanese market, tracked by EWJ, gained due to positive US earnings and retail data. This suggests a positive correlation between the US and Japanese markets, which could lead to a short-term increase in EWJ's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70