Nikkei Jumps as US Slowdown Fears Fade, Tech Boost for Hang Seng

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Tokyo’s benchmark has seen its best week in more than four years while Hong Kong stocks followed in Wall Street’s wake

The post Nikkei Jumps as US Slowdown Fears Fade, Tech Boost for Hang Seng appeared first on Asia Financial.

Strong US retail sales data and low weekly jobless claims were the latest shot in the arm for the positive risk mood, following this week’s benign inflation report that re-affirmed bets for imminent Fed rate cuts, but likely at a measured pace.

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Article Details

Author / Journalist: Sean O'Meara

Category: InvestingBusiness

Markets: Hong KongChinaJapanSingapore

Topics: Asia Hang Seng Index Forex Markets Nikkei 225 Capital Markets Nifty 50

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 09:02:37 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 844 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 22097560

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