{"id":2847,"date":"2024-03-06T05:49:00","date_gmt":"2024-03-06T05:49:00","guid":{"rendered":"https:\/\/efimarkets.com\/blog\/?p=2847"},"modified":"2024-03-20T07:28:07","modified_gmt":"2024-03-20T07:28:07","slug":"asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell","status":"publish","type":"post","link":"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/","title":{"rendered":"Asian stocks drop as China weighs, and rate anxiety rises before Powell"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2847\" class=\"elementor elementor-2847\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03c585c e-con-boxed e-flex e-con\" data-id=\"03c585c\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-68fdc9e elementor-widget elementor-widget-image\" data-id=\"68fdc9e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" width=\"785\" height=\"541\" src=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/03\/as.png\" class=\"attachment-large size-large wp-image-2848\" alt=\"Asian stocks drop\" srcset=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/03\/as.png 785w, https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/03\/as-300x207.png 300w, https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/03\/as-768x529.png 768w\" sizes=\"(max-width: 785px) 100vw, 785px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-533abb7 e-con-boxed e-flex e-con\" data-id=\"533abb7\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-99250ae elementor-widget elementor-widget-text-editor\" data-id=\"99250ae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: #000000;\">Asian stock markets experienced declines on Wednesday due to a lackluster economic outlook from China and concerns over U.S. interest rates.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Factors Contributing to Downturn<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">The disappointment in China&#8217;s economic forecast and ongoing profit-taking activities, notably in Japan and Australia, contributed to the market downturn. Moreover, the previously robust rally in technology shares, fueled by artificial intelligence, showed signs of fading.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Echo from Wall Street<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">Wall Street also witnessed a subdued performance, setting the tone for muted U.S. stock futures during Asian trading hours.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Awaiting Powell&#8217;s Testimony<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">All eyes were on Federal Reserve Chair Jerome Powell&#8217;s two-day testimony for insights into the future direction of interest rates. Powell is expected to maintain a cautious stance, signaling stability in rates ahead.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Chinese Market Sentiment<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">Chinese stocks dipped as market sentiment remained tepid following Beijing&#8217;s announcement of a modest 5% GDP growth target for 2024, unchanged from the previous year. The lack of clarity on additional support measures for the Chinese economy exacerbated concerns amid its post-COVID recovery struggles.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Hong Kong&#8217;s Recovery Attempt<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">Despite a significant decline in the previous session, Hong Kong&#8217;s Hang Seng index managed a modest recovery.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Broader Asian Market Trends<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">However, broader Asian markets saw marginal decreases, with Japan&#8217;s Nikkei 225 retracing from recent record highs and Australia&#8217;s ASX 200 slipping slightly despite positive GDP data.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Impact on South Korea&#8217;s KOSPI<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">South Korea&#8217;s KOSPI faced downward pressure, primarily from profit-taking in the technology sector, exacerbated by higher-than-expected consumer inflation.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Outlook for Indian Markets<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">Indian stock futures indicated a subdued start, although both the Nifty 50 index and the BSE Sensex 30 remained close to recent peaks.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Tech Sector Challenges in Asia<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">The technology sector in Asia faced additional strain due to reports of weakening iPhone sales in China, impacting regional suppliers to Apple.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Effect on Major Players<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">Major players like Samsung Electronics, SK Hynix, and AAC Technologies Holdings saw declines, along with Japanese companies like Murata Mfg Co and Sony Corp, which supply components to Apple.<\/span><\/p><h4><span style=\"color: #000000;\"><strong>Taiwan&#8217;s Tech Industry under Pressure<\/strong><\/span><\/h4><p><span style=\"color: #000000;\">Taiwan&#8217;s TSMC and Hon Hai Precision Industry Co Ltd also faced downward pressure amid broader market concerns.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d90353 e-con-boxed e-flex e-con\" data-id=\"3d90353\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ff31251 elementor-widget elementor-widget-text-editor\" data-id=\"ff31251\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h5><strong>Trade while moving. Anytime, Anywhere<\/strong><\/h5><p>EFI Markets is a\u00a0<a href=\"https:\/\/efimarkets.com\/\">most trusted trading platform<\/a>\u00a0that simplifies trading through its efficient platform and a range of tools and features.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Asian stock markets experienced declines on Wednesday due to a lackluster economic outlook from China and concerns over U.S. interest rates. Factors Contributing to Downturn The disappointment in China&#8217;s economic forecast and ongoing profit-taking activities, notably in Japan and Australia, contributed to the market downturn. Moreover, the previously robust rally in technology shares, fueled by &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/\"> <span class=\"screen-reader-text\">Asian stocks drop as China weighs, and rate anxiety rises before Powell<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":2848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[12],"tags":[15,32,14],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asian stocks drop as China weighs<\/title>\n<meta name=\"description\" content=\"Asian stocks drop due to China&#039;s economic outlook and anxiety over interest rates ahead of Powell&#039;s testimony.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian stocks drop as China weighs\" \/>\n<meta property=\"og:description\" content=\"Asian stocks drop due to China&#039;s economic outlook and anxiety over interest rates ahead of Powell&#039;s testimony.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T05:49:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-20T07:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/03\/as.png\" \/>\n\t<meta property=\"og:image:width\" content=\"785\" \/>\n\t<meta property=\"og:image:height\" content=\"541\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"OwHOZud0h0U2w6dL8ST\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"OwHOZud0h0U2w6dL8ST\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/\",\"url\":\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/\",\"name\":\"Asian stocks drop as China weighs\",\"isPartOf\":{\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#website\"},\"datePublished\":\"2024-03-06T05:49:00+00:00\",\"dateModified\":\"2024-03-20T07:28:07+00:00\",\"author\":{\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe\"},\"description\":\"Asian stocks drop due to China's economic outlook and anxiety over interest rates ahead of Powell's testimony.\",\"breadcrumb\":{\"@id\":\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bhimmarkets.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asian stocks drop as China weighs, and rate anxiety rises before Powell\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#website\",\"url\":\"https:\/\/bhimmarkets.com\/blog\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bhimmarkets.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe\",\"name\":\"OwHOZud0h0U2w6dL8ST\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g\",\"caption\":\"OwHOZud0h0U2w6dL8ST\"},\"description\":\"puritogel puritogel88 login puritogel login puritogel88 link puritogel link puritogel88 puri togel puri togel88 slot garansi kekalahan slot server thailand slot server luar nemo69 nemo69 hanoman138 nemo69 hanoman138 nemo69 hanoman138 rp888 sonic303 77rabbit 77 rabbit 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet\",\"sameAs\":[\"https:\/\/efimarkets.com\/blog\"],\"url\":\"https:\/\/bhimmarkets.com\/blog\/author\/owhozud0h0u2w6dl8st\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Asian stocks drop as China weighs","description":"Asian stocks drop due to China's economic outlook and anxiety over interest rates ahead of Powell's testimony.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/","og_locale":"en_US","og_type":"article","og_title":"Asian stocks drop as China weighs","og_description":"Asian stocks drop due to China's economic outlook and anxiety over interest rates ahead of Powell's testimony.","og_url":"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/","article_published_time":"2024-03-06T05:49:00+00:00","article_modified_time":"2024-03-20T07:28:07+00:00","og_image":[{"width":785,"height":541,"url":"https:\/\/bhimmarkets.com\/blog\/wp-content\/uploads\/2024\/03\/as.png","type":"image\/png"}],"author":"OwHOZud0h0U2w6dL8ST","twitter_card":"summary_large_image","twitter_misc":{"Written by":"OwHOZud0h0U2w6dL8ST","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/","url":"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/","name":"Asian stocks drop as China weighs","isPartOf":{"@id":"https:\/\/bhimmarkets.com\/blog\/#website"},"datePublished":"2024-03-06T05:49:00+00:00","dateModified":"2024-03-20T07:28:07+00:00","author":{"@id":"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe"},"description":"Asian stocks drop due to China's economic outlook and anxiety over interest rates ahead of Powell's testimony.","breadcrumb":{"@id":"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/bhimmarkets.com\/blog\/asian-stocks-drop-as-china-weighs-and-rate-anxiety-rises-before-powell\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bhimmarkets.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Asian stocks drop as China weighs, and rate anxiety rises before Powell"}]},{"@type":"WebSite","@id":"https:\/\/bhimmarkets.com\/blog\/#website","url":"https:\/\/bhimmarkets.com\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bhimmarkets.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/63db6c7de82aa9bcb044e573b2f4befe","name":"OwHOZud0h0U2w6dL8ST","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bhimmarkets.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4552fd24ed1ae02fc232995d10c209fd?s=96&d=mm&r=g","caption":"OwHOZud0h0U2w6dL8ST"},"description":"puritogel puritogel88 login puritogel login puritogel88 link puritogel link puritogel88 puri togel puri togel88 slot garansi kekalahan slot server thailand slot server luar nemo69 nemo69 hanoman138 nemo69 hanoman138 nemo69 hanoman138 rp888 sonic303 77rabbit 77 rabbit 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet 33hbet login 33hbet link 33hbet","sameAs":["https:\/\/efimarkets.com\/blog"],"url":"https:\/\/bhimmarkets.com\/blog\/author\/owhozud0h0u2w6dl8st\/"}]}},"_links":{"self":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2847"}],"collection":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=2847"}],"version-history":[{"count":6,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2847\/revisions"}],"predecessor-version":[{"id":2999,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2847\/revisions\/2999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/media\/2848"}],"wp:attachment":[{"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=2847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=2847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bhimmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=2847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}