Asian Stock Markets: Mixed Signals from China Test Traders Ahead of Fed Key Talks

 Asian stock markets were struggling in a clear direction during Wednesday morning as traders awaited important catalysts that were scheduled to be announced. What is likely to be challenging for traders in the region's stocks is a variety of signals from China, dim data from Australia, Japan and New Zealand. 

Asian Stock Market News Points Today

  1. Asia-Pacific equities higher as China's PMI (Purchasing Management Index) reads, buyers' anxiety ahead of Powell
  2. US Treasury yields are sluggish despite hawkish expectations from Fed chairman Powell
  3. Commodities welcome US Dollar pullback against mild gains
  4. Dim data from Australia, New Zealand and Japan added a filter to the bullish movement.
Describing the mood, the MSCI (Morgan Stanley Capital International) index which is a financial company from the United States, MSCI stocks for the Asia-Pacific region outside Japan rose 2.6% but Japan's Nikkei 225 fell about 1.5% to put an end to optimism at the time of this news. The reason for the dim atmosphere that occurred in Tokyo is attributed to Japan's disappointment with the Manufacturing Industry in October. 

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On the other hand, China's regional stocks have surged to higher levels as the country announced a variety of measures to ease strict lockdowns in key regions after seeing a decline in daily coronavirus infections from record highs.  However, in China's dim activity data in November, the virus-positive atmosphere in the country, which has earned the nickname "Bamboo Curtain Country", said to be China's official NBS Manufacturing Purchasing Management Index fell to 48.0 compared to previous estimates of 49.2 and 49.0. Further details said that the Non-Manufacturing PMI also declined to 46.7 from the previous forecast of 48.7 and 51.7. Furthermore, still from elsewhere, Australia's ASX 200 rose at a level of 0.20% due to the influence of disappointing inflation figures, raising expectations of interest rate hikes from the RBA (Reverse Bank of Australia). The monthly Consumer Price Index (CPI) from Australia was 6.9% YoY compared to the previous forecast of 7.4% and 7.3%.

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In line with this, New Zealand's NZX 50 strengthened and approached 1.0% after New Zealand's dimmed building index for October was around -10.7% MoM against the 2.4% previously expected of around 3.6%. registrasi  That's the information we provide to you about the Asian Stock Market. Get the latest information related to your forex investment and trading through the GIC journal every day. You can also trade through the GICtrade app with the new ECN account feature, enjoy your trading with the lowest spread price starting from 0 Rupiah! You also have the opportunity to get a prize opportunity of billions of Rupiah without being drawn through GIC Gebyar Prize.