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2021-08-16
Hang in there. Diamond hands !
Asia stocks slip as China's economy stumbles
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Diamond hands !","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/830440869","repostId":2159241177,"repostType":4,"repost":{"id":"2159241177","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629092458,"share":"https://www.laohu8.com/m/news/2159241177?lang=&edition=full","pubTime":"2021-08-16 13:40","market":"us","language":"en","title":"Asia stocks slip as China's economy stumbles","url":"https://stock-news.laohu8.com/highlight/detail?id=2159241177","media":"Reuters","summary":"SYDNEY, Aug 16 (Reuters) - Asian shares slid on Monday after a raft of Chinese data showed a surpris","content":"<p>SYDNEY, Aug 16 (Reuters) - Asian shares slid on Monday after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.</p>\n<p>Figures on July retail sales, industrial production and urban investment all missed forecasts, a trend that is only likely to get worse given the recent tightening in coronavirus restrictions there.</p>\n<p>\"Asia's low vaccination rates and low tolerance for community spread suggest it is the region most at risk economically from the Delta variant,\" said JPMorgan economist Bruce Kasman.</p>\n<p>\"China is in the midst of removing policy supports, which looks likely to restrain domestic demand growth and weigh on regional performance through the rest of this year,\" he added. \"With these drags building in recent weeks we have been lowering 2H21 regional growth forecasts.\"</p>\n<p>There was added uncertainty about the possible geopolitical implications of the sudden collapse of the Afghan government and what it mean for political stability in the region.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5%, nudging back toward the lows for the year touched last month.</p>\n<p>Chinese blue chips were hanging onto gains of 0.2%, perhaps in anticipation of a more aggressive policy easing from Beijing.</p>\n<p>\"The data will likely intensify speculation of further reserve requirement cuts in the weeks ahead and be positive for bonds,\" wrote analysts at TD Securities in a note.</p>\n<p>\"The central bank is also unlikely to welcome appreciation of the CNY on a trade weighted basis, while limiting CNY appreciation vs USD.\"</p>\n<p>Japan's Nikkei fell 1.7%, though economic growth topped forecasts for the June quarter.</p>\n<p>Nasdaq futures and S&P 500 futures were both down 0.2%. EUROSTOXX 50 futures fell 0.5% and FTSE futures 0.6%.</p>\n<p><b>CONSUMER CHILL</b></p>\n<p>Wall Street had managed fresh records last week even as a survey showed a shock slump in U.S. consumer sentiment to the lowest since 2011 amid Delta fears.</p>\n<p>The dismal report and China's slowdown combined to pull 10-year Treasury yields down to 1.25%, a drop of 11 basis points in just two sessions.</p>\n<p>That also wiped out a week of gains for the dollar, sending it back to 92.517 against a basket of currencies from a near five-month top of 93.195.</p>\n<p>The euro climbed to $1.1791 and away from major chart support at $1.1740, while the dollar recoiled to 109.39 yen leaving behind last week's peak of 110.79.</p>\n<p>Kim Mundy, a senior currency strategist at CBA, argued the dollar could rally this week if minutes of the Federal Reserve's last policy meeting confirm a hawkish shift on tapering.</p>\n<p>The minutes are out on Wednesday while Fed chair Jerome Powell is speaking on Tuesday.</p>\n<p>\"We expect the FOMC to announce it will taper its monthly asset purchases in September if the August payrolls is strong,\" said Mundy.</p>\n<p>\"We judge a tapering announcement next month is not widely expected, so if the minutes show the FOMC discussed the possibility of announcing a taper as soon as September, we expect the dollar to jump.\"</p>\n<p>In Asia, the Malaysian ringgit fell to a one-year low on reports the country's Prime Minister was about to resign.</p>\n<p>In commodity markets, gold extended its bounce to $1,778 in the wake of a sudden stop-loss tumble to $1,684 at the start of last week.</p>\n<p>Oil prices eased partly on concerns coronavirus travel restrictions would hurt demand, particularly in China.</p>\n<p>Brent fell 78 cents to $69.81 a barrel, while U.S. crude lost 80 cents to $67.64.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia stocks slip as China's economy stumbles\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-16 13:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SYDNEY, Aug 16 (Reuters) - Asian shares slid on Monday after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.</p>\n<p>Figures on July retail sales, industrial production and urban investment all missed forecasts, a trend that is only likely to get worse given the recent tightening in coronavirus restrictions there.</p>\n<p>\"Asia's low vaccination rates and low tolerance for community spread suggest it is the region most at risk economically from the Delta variant,\" said JPMorgan economist Bruce Kasman.</p>\n<p>\"China is in the midst of removing policy supports, which looks likely to restrain domestic demand growth and weigh on regional performance through the rest of this year,\" he added. \"With these drags building in recent weeks we have been lowering 2H21 regional growth forecasts.\"</p>\n<p>There was added uncertainty about the possible geopolitical implications of the sudden collapse of the Afghan government and what it mean for political stability in the region.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5%, nudging back toward the lows for the year touched last month.</p>\n<p>Chinese blue chips were hanging onto gains of 0.2%, perhaps in anticipation of a more aggressive policy easing from Beijing.</p>\n<p>\"The data will likely intensify speculation of further reserve requirement cuts in the weeks ahead and be positive for bonds,\" wrote analysts at TD Securities in a note.</p>\n<p>\"The central bank is also unlikely to welcome appreciation of the CNY on a trade weighted basis, while limiting CNY appreciation vs USD.\"</p>\n<p>Japan's Nikkei fell 1.7%, though economic growth topped forecasts for the June quarter.</p>\n<p>Nasdaq futures and S&P 500 futures were both down 0.2%. EUROSTOXX 50 futures fell 0.5% and FTSE futures 0.6%.</p>\n<p><b>CONSUMER CHILL</b></p>\n<p>Wall Street had managed fresh records last week even as a survey showed a shock slump in U.S. consumer sentiment to the lowest since 2011 amid Delta fears.</p>\n<p>The dismal report and China's slowdown combined to pull 10-year Treasury yields down to 1.25%, a drop of 11 basis points in just two sessions.</p>\n<p>That also wiped out a week of gains for the dollar, sending it back to 92.517 against a basket of currencies from a near five-month top of 93.195.</p>\n<p>The euro climbed to $1.1791 and away from major chart support at $1.1740, while the dollar recoiled to 109.39 yen leaving behind last week's peak of 110.79.</p>\n<p>Kim Mundy, a senior currency strategist at CBA, argued the dollar could rally this week if minutes of the Federal Reserve's last policy meeting confirm a hawkish shift on tapering.</p>\n<p>The minutes are out on Wednesday while Fed chair Jerome Powell is speaking on Tuesday.</p>\n<p>\"We expect the FOMC to announce it will taper its monthly asset purchases in September if the August payrolls is strong,\" said Mundy.</p>\n<p>\"We judge a tapering announcement next month is not widely expected, so if the minutes show the FOMC discussed the possibility of announcing a taper as soon as September, we expect the dollar to jump.\"</p>\n<p>In Asia, the Malaysian ringgit fell to a one-year low on reports the country's Prime Minister was about to resign.</p>\n<p>In commodity markets, gold extended its bounce to $1,778 in the wake of a sudden stop-loss tumble to $1,684 at the start of last week.</p>\n<p>Oil prices eased partly on concerns coronavirus travel restrictions would hurt demand, particularly in China.</p>\n<p>Brent fell 78 cents to $69.81 a barrel, while U.S. crude lost 80 cents to $67.64.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","USO":"美国原油ETF","DDG":"ProShares做空石油与天然气ETF","UCO":"二倍做多彭博原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","EUO":"欧元ETF-ProShares两倍做空","NUGT":"二倍做多黄金矿业指数ETF-Direxion","FXY":"日元ETF-CurrencyShares","SCO":"二倍做空彭博原油指数ETF","DWT":"三倍做空原油ETN","YCS":"日元ETF-ProShares两倍做空","GDX":"黄金矿业ETF-VanEck","FXE":"欧元做多ETF-CurrencyShares","IAU":"黄金信托ETF(iShares)","GLD":"SPDR黄金ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159241177","content_text":"SYDNEY, Aug 16 (Reuters) - Asian shares slid on Monday after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.\nFigures on July retail sales, industrial production and urban investment all missed forecasts, a trend that is only likely to get worse given the recent tightening in coronavirus restrictions there.\n\"Asia's low vaccination rates and low tolerance for community spread suggest it is the region most at risk economically from the Delta variant,\" said JPMorgan economist Bruce Kasman.\n\"China is in the midst of removing policy supports, which looks likely to restrain domestic demand growth and weigh on regional performance through the rest of this year,\" he added. \"With these drags building in recent weeks we have been lowering 2H21 regional growth forecasts.\"\nThere was added uncertainty about the possible geopolitical implications of the sudden collapse of the Afghan government and what it mean for political stability in the region.\nMSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5%, nudging back toward the lows for the year touched last month.\nChinese blue chips were hanging onto gains of 0.2%, perhaps in anticipation of a more aggressive policy easing from Beijing.\n\"The data will likely intensify speculation of further reserve requirement cuts in the weeks ahead and be positive for bonds,\" wrote analysts at TD Securities in a note.\n\"The central bank is also unlikely to welcome appreciation of the CNY on a trade weighted basis, while limiting CNY appreciation vs USD.\"\nJapan's Nikkei fell 1.7%, though economic growth topped forecasts for the June quarter.\nNasdaq futures and S&P 500 futures were both down 0.2%. EUROSTOXX 50 futures fell 0.5% and FTSE futures 0.6%.\nCONSUMER CHILL\nWall Street had managed fresh records last week even as a survey showed a shock slump in U.S. consumer sentiment to the lowest since 2011 amid Delta fears.\nThe dismal report and China's slowdown combined to pull 10-year Treasury yields down to 1.25%, a drop of 11 basis points in just two sessions.\nThat also wiped out a week of gains for the dollar, sending it back to 92.517 against a basket of currencies from a near five-month top of 93.195.\nThe euro climbed to $1.1791 and away from major chart support at $1.1740, while the dollar recoiled to 109.39 yen leaving behind last week's peak of 110.79.\nKim Mundy, a senior currency strategist at CBA, argued the dollar could rally this week if minutes of the Federal Reserve's last policy meeting confirm a hawkish shift on tapering.\nThe minutes are out on Wednesday while Fed chair Jerome Powell is speaking on Tuesday.\n\"We expect the FOMC to announce it will taper its monthly asset purchases in September if the August payrolls is strong,\" said Mundy.\n\"We judge a tapering announcement next month is not widely expected, so if the minutes show the FOMC discussed the possibility of announcing a taper as soon as September, we expect the dollar to jump.\"\nIn Asia, the Malaysian ringgit fell to a one-year low on reports the country's Prime Minister was about to resign.\nIn commodity markets, gold extended its bounce to $1,778 in the wake of a sudden stop-loss tumble to $1,684 at the start of last week.\nOil prices eased partly on concerns coronavirus travel restrictions would hurt demand, particularly in China.\nBrent fell 78 cents to $69.81 a barrel, while U.S. crude lost 80 cents to $67.64.","news_type":1},"isVote":1,"tweetType":1,"viewCount":20,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":25,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/830440869"}
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