Business Standard

Friday, December 20, 2024 | 02:30 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

China Shanghai Composite Index Drops 0.43%

Image

Asian stocks fell broadly on Tuesday as investors awaited cues from a slew of central bank meetings around the world and mega-cap U.S. tech earnings.

The Federal Reserve, the Bank of England and the Bank of Japan are holding their monetary policy meetings this week while Microsoft is set to report its financial results on Tuesday, Meta Platforms on Wednesday and Apple and Amazon on Thursday.

The dollar held in a tight range in Asian trade and Treasury yields held relatively steady while gold edged higher on rate cut expectations. Oil extended recent losses on China demand concerns.

China's Shanghai Composite index dropped 0.43 percent to 2,879.30 and Hong Kong's Hang Seng index fell 1.37 percent to 17,002.91 ahead of Chinese factory activity data due this week.

 

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2024 | 3:55 PM IST

Explore News