[ad_1]
Drone aerial view of Tokyo, Japan cityscape at sunrise with Tokyo Sky Tree visible.
pongnathee kluaythong | Moment | Getty Images
Asia-Pacific stock markets fell on Monday amid news that US President Joe Biden withdraws from presidential racesupporting Vice President Kamala Harris as the Democratic nominee.
Investors will also evaluate Massive global information technology disruption Computers running Microsoft’s Windows operating system crashed on Friday due to a glitch in an update released by a cybersecurity firm Crowdfundingthe stock price plummeted 11%.
Microsoft exist Weekend Blog Post Estimates 8.5 million Windows devices (less than 1% of all Windows devices) affected.
Market focus on Monday will be on the People’s Bank of China’s loan prime rate decision, with the one-year and five-year loan prime rates expected to remain unchanged at 3.45% and 3.95% respectively, according to economists polled by Reuters.
The one-year LPR is the benchmark interest rate for most corporate loans, and the five-year LPR is the reference rate for mortgage loans.
This week, investors will focus on GDP data from South Korea and the United States, which will release preliminary second-quarter GDP data on Thursday, as well as factory activity data from the region.
Other economic data this week include inflation figures from the U.S. on Friday and Singapore on Tuesday.
Japan’s Nikkei 225 Index The Topix fell 0.5% and the Kospi dropped 0.41%. It was the first time in three weeks that the index fell below the 40,000 mark.
South Korea’s Kospi fell 0.16%, while the small-cap Kosdaq fell even more, by 0.39%.
Australia S&P/ASX 200 The Dow led the region’s stock markets lower, opening down 0.8%.
In contrast, Hong Kong Hang Seng Index Hang Seng Index futures are expected to open higher at 17,450 points, compared with the last close of 17,417.68 points.
Wall Street’s three major stock indexes all fell on Friday. The trend of the U.S. stock market this week showed a pattern of mega-cap stocks leading the gains and small-cap stocks strengthening since the beginning of the year.
this S&P 500 fell 0.71%, while technology stocks Nasdaq Composite Index Down 0.81%. Dow Jones Industrial Average It fell 377.49 points, or 0.93%, to 40,287.53 points.
— CNBC’s Alex Harring and Jesse Pound contributed to this report.
Correction: This story has been updated to correct the release date of the estimated U.S. GDP.
[ad_2]
Source link
