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ASIA STOCKS: Asian Equity Market Edge Lower Ahead Of US CPI

ASIA STOCKS
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Asian markets traded lower today amid global growth concerns and investor caution ahead of key U.S. inflation data and the upcoming Federal Reserve policy meeting. South Korean banks led declines, with KB Financial Group falling 6.9%, following losses in U.S. bank stocks. Japanese equities dropped, with exporters like Toyota down 2%, and the yen strengthened, further pressuring exporters' earnings. Hong Kong stocks also slid, contributing to a broader regional downturn. Crude oil's dip below $70 and weaker Chinese trade data added to worries, dragging down oil-related and metal stocks across Asia. There has been little reaction in markets to the US presidential debate.

  • US Equity futures have ticked lower, with Nasdaq 100 slightly underperforming although while ranges remain tight.
  • Foreign investors have again been selling South Korea stocks this morning for a total outflow of $434 with $311m coming from tech stocks.
  • Hong Kong equities are the worst performing in the region with the HSI down 1.30%, with Banks leading the losses.
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Asian markets traded lower today amid global growth concerns and investor caution ahead of key U.S. inflation data and the upcoming Federal Reserve policy meeting. South Korean banks led declines, with KB Financial Group falling 6.9%, following losses in U.S. bank stocks. Japanese equities dropped, with exporters like Toyota down 2%, and the yen strengthened, further pressuring exporters' earnings. Hong Kong stocks also slid, contributing to a broader regional downturn. Crude oil's dip below $70 and weaker Chinese trade data added to worries, dragging down oil-related and metal stocks across Asia. There has been little reaction in markets to the US presidential debate.

  • US Equity futures have ticked lower, with Nasdaq 100 slightly underperforming although while ranges remain tight.
  • Foreign investors have again been selling South Korea stocks this morning for a total outflow of $434 with $311m coming from tech stocks.
  • Hong Kong equities are the worst performing in the region with the HSI down 1.30%, with Banks leading the losses.