MARKETS-GLOBAL/ASIA OPEN Asia stocks sag on Fed, brace for Chinese economic data

Record ID: 140610

  • Title: MARKETS-GLOBAL/ASIA OPEN Asia stocks sag on Fed, brace for Chinese economic data
  • Date: 31st August 2015
  • Summary: TOKYO, JAPAN (AUGUST 31, 2015) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX, TOKYO STOCK EXCHANGE" TOKYO STOCK MARKET CENTER ELECTRONIC STOCK BOARD SHOWING ANIMATION OF TOKYO STOCK MARKET OPENING ELECTRONIC STOCK BOARD SHOWING NIKKEI 225 STOCK AVERAGE OPENING AT 19006.98 DOWN 129.34 POINTS ELECTRONIC STOCK BOARD BEING UPDATED VARIOUS OF TSE WORKERS ELECTRONIC ROTATING TICKER SEOUL, SOUTH KOREA (AUGUST 31, 2015) (REUTERS) TRAFFIC ON SEOUL STREETS PEOPLE WALKING INTERIOR OF DEALING ROOM AT KOREA EXCHANGE BANK ELECTRONIC BOARD SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) DEALERS WORKING IN FRONT OF ELECTRONIC BOARDS SHOWING CNH/KRW EXCHANGE RATE AND KOSPI ELECTRONIC BOARDS SHOWING KOSPI AND USD/KRW EXCHANGE RATE DEALER TALKING ON THE PHONE AND TAKING NOTES MORE OF DEALERS WORKING MORE OF INTERIOR OF DEALING ROOM SYDNEY, AUSTRALIA (AUGUST 31, 2015) (REUTERS) SYDNEY STOCK EXCHANGE BUILDING ELECTRONIC BOARDS WITH STOCKS AND GRAPHS GRAPH OF ASX200 ASX200 MARKET MOVEMENT FIGURE ON ELECTRONIC BOARD ELECTRONIC BOARD SHOWING STOCK PRICES MOVING STOCK PRICES ON ELECTRONIC BOARD STOCK PRICES ON ELECTRONIC BOARD FOREIGN EXCHANGE RATES ON ELECTRONIC BOARD ELECTRONIC BOARDS IN STOCK EXCHANGE BUILDING
  • Embargoed: 15th September 2015 13:00
  • Keywords:
  • Location: Australia
  • Country: Australia
  • Topics: General
  • Reuters ID: LVAF0YCG5T02Y7EVOEA0VRIX1AR3
  • Aspect Ratio: 16:9
  • Story Text: Asian stocks sagged on Monday (August 31) after top Federal Reserve officials kept the door open for an interest rate hike in September and investors braced for China economic data this week.
    Japan's Nikkei average went down 129.34 points to 19006.98, while the broader Topix shed 8.65 points to 1541.15 on Monday.
    South Korean stocks also fell on Monday morning with the South Korea Composite Stock Price Index (KOSPI) was down 0.12 percent to 1,935.43, set to break a four-consecutive-session gaining streak.
    Australian shares fell 0.8 percent on Monday setting it on track for its worst monthly performance in seven years as investors sold stocks amid concerns of a September rate hike in the U.S.
    The S&P/ASX 200 index fell 46.2 points to 5,218.9 by 0206 GMT. The benchmark closed 0.39 percent higher on Friday (August 28). The index is set to post its worst monthly performance since October 2008.
    Prospects of higher interest rates and returns in the United States combined with China's slowdown have diminished the appeal of emerging markets as investors have dumped riskier assets.
    Global markets ended last week on a calmer note, however, helped by easing steps from the People's Bank of China and other government support measures, and hopes that the Fed would delay hiking rates following this month's tumult in financial markets.
    Markets are now bracing for Chinese data on Tuesday (September 1) which is expected to show the world's second-largest economy is continuing to lose momentum.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register