Analisis Forex & Kajian: 23.09.2022 - Asian stocks decline for...

23.09.2022 02:33 PM

Asian stocks decline for third day in row

Asian stock markets have been declining for the third session in a row. The Hang Seng Index incurred minor losses than other indices dropping by 0.95%. The Shanghai Composite sank by 1.08%. The KOSPI decreased by 1.64%, the Shenzhen Composite tumbled by 2.05%. The S&P/ASX 200 fell the most by 2.29%. In Japan, trading floors are closed today for a long weekend. Yesterday, the Nikkei 225 closed in the red, edging lower by 0.58%.

Stock markets are gripped by pessimism due to sharp rate hikes by several central banks this week. The Fed decided to raise the key rate by 0.75 basis points to 3-3.25%. The regulator also pledged to stick to monetary tightening until it sees clear signs of a slowdown in consumer prices.

The Bank of England hiked the interest rate by 0.50 basis points to 2.25%. The Swiss National Bank raised the benchmark rate by 0.75 basis points to 0.5%. For Switzerland, this was the first sharp rate increase in the last 8 years. As a result, the rate rose above the zero level.

The leading central banks are forced to tighten monetary policy if they want to tame rising inflation. However, aggressive tightening increases the risk of an economic downturn. For this reason, demand for risk assets is subdued.

So far, only Japan has managed to keep the key rate at a negative level. Unlike other central banks, it stubbornly sticks to an ultra-loose monetary policy.

In Singapore, consumer prices surged to 7.5% last month after the 7% reading in July. The figure topped analysts' forecasts. They expected the reading to total 7.2%. Inflation also reached a 14-year high. At the same time, the cost of transport services climbed by 20.2% and food prices grew by 6.4%. Housing and utility prices advanced by 6%.

In Malaysia, consumer prices in August jumped to 4.7% compared with the July reading of 4.4%. The figure was in line with forecasts. Inflation accelerated at a faster pace in 18 months. Food prices also climbed by 7.2%.

Market sentiment turned sour after analysts slashed China's GDP growth for next year to 4.3% from the previously expected 5.1% amid concerns about new restrictions in the country.

The shares of Chinese companies extended losses. Tianqi Lithium stock fell by 4.8%, Contemporary Amperex shares declined by 1%, and East Money Information stock tumbled by 1.3%. On the Hong Kong stock exchange, Alibaba shares slid by 1.9% and Li Auto stock sank by 2.2%.

The shares of South Korean companies were traded mixed. Samsung Electronics shares rose by 0.2%, while Hyundai Motor stock declined by 1%.

As for the companies included in the S&P/ASX 200, Xero Ltd stock lost 5.7% and Block Inc. shares decreased by 9.1%. Wisetech Global shares slipped by 4.2%, Seek Ltd. stock fell by 4.4%, and Carsales.com shares drifted lower by 3.5%. The shares of the country's largest banks also dived down by 1-1.5%.

BHP Group and Fortescue Metals shares climbed by 0.4%, while Rio Tinto stock advanced by 1.3%.

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

News

Anastasia Kravtsova,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Ringkasan Berita Pasaran AS untuk 23 Mei

Teknologi Meningkat: Snowflake dan Alphabet Menyerlah Ketika Sektor Solar Merosot

Dow Susut Hampir 2% Berikutan Wolfspeed, Target, dan UnitedHealth Menyeret Pasaran ke Ambang Krisis

Ringkasan Berita Pasaran AS bagi 22 Mei

Dow jatuh hampir 2% apabila Wolfspeed, Target, dan UnitedHealth menyebabkan pasaran mengalami krisis

Pound Terperangkap: Ancaman Inflasi UK Mengatasi Risiko Kemelesetan AS

Indeks jatuh, lonjakan Tesla, dan kejatuhan Julius Baer: satu hari dengan perbezaan yang ketara di pasaran

Ringkasan Berita Pasaran AS untuk 21 Mei

Penguasaan Dolar Semakin Pudar: Inilah Apa yang Anda Perlu Tahu

Ringkasan Berita Pasaran AS untuk 20 Mei