- Title: Slide in Chinese shares hampers Asian markets despite Fed optimism
- Date: 20th March 2025
- Summary: HONG KONG, CHINA (MARCH 20, 2025) (REUTERS) EXTERIOR OF HONG KONG EXCHANGE SQUARE MOVING TICKER OF STOCK PRICES SCREEN SHOWING HANG SENG INDEX, HANG SENG CHINA ENTERPRISES INDEX AND HANG SENG TECH INDEX AT MARKET OPENING EXTERIOR OF HONG KONG EXCHANGE SQUARE / PEOPLE WALKING FLAGS FLYING PEOPLE WALKING PASS BRAZEN BULL STATUES VARIOUS OF TRAFFIC MOVING IN HONG KONG CENTRAL
- Embargoed:
- Keywords: Asia Donald Trump Jerome Powell US Federal Reserve United States interest rates markets
- Location: VARIOUS
- City: VARIOUS
- Country: Various
- Topics: Economic Events
- Reuters ID: LVA001022920032025RP1
- Aspect Ratio: 16:9
- Story Text: Asia shares were hobbled by weakness in Chinese markets on Thursday (March 20) and struggled to build on Wall Street's rally, even as investor sentiment was lifted by the prospect that the Federal Reserve could still deliver two rate cuts this year.
Hong Kong stocks edged down, with the benchmark Hang Seng Index falling 18 points, or 0.07 percent, to open at 24,753.
In South Korea, the benchmark Korea Composite Stock Price Index (KOSPI) opened up 0.53% at 2,642.50 points as of 0115GMT.
China's Shanghai Stock Exchange Composite (SSE) Index opened down 1.21 points or .04% at 3,425.22.
"So for as long as there are dark clouds over global economic growth then domestically there will be those fears. And they will be reflected in investment cycles, in inflation expectations and general business confidence", said Jerry Parwada, a Finance Professor at the University of New South Wales.
(Production: Stefica Nicol Bikes, Joyce Zhou, Nicoco Chan, Dogyum Kim, Hyunyoung Yi) - Copyright Holder: REUTERS
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