Asian stock markets showed a mixed performance on Tuesday as investors reacted to weak economic data from China and awaited the outcome of a key Communist Party policy meeting in Beijing. While U.S. futures saw a rise, oil prices experienced a decline.
Japan’s Nikkei 225 gained 0.2% post-holiday, but Hong Kong’s Hang Seng index and Shanghai Composite index both saw declines.
Concerns over China’s economic growth surfaced after a report indicated a drop in annual growth rates, leading to revised forecasts by Goldman Sachs and JP Morgan.
In the U.S., market momentum remained positive, with the S&P 500 nearing its all-time high, driven by expectations of easing inflation and interest rate cuts by the Federal Reserve.
The political landscape also influenced market movements, with stocks related to former President Donald Trump’s prospects witnessing gains. Meanwhile, the Fed Chair emphasized the importance of balancing economic risks.
Overall, the market sentiment appeared cautious as traders awaited further economic data and policy developments.
Crude oil prices and currency exchange rates also saw notable fluctuations during the trading session.
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