Asian Stock Market: China leads the bears amid recession fears World Finance News


Source: worldfin.news worldfin.news

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Shares in the Asia-Pacific region track their global counterpart, pushed more by the China-linked headlines, as recession woes dilute sentiment during early Thursday in Europe. Also keeping the equity traders worried were downbeat figures of Aussie employment data and downbeat comments from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr. Above all, the Federal Open Market Committee (FOMC) meeting minutes amplified the economic slowdown concerns and weighed on the risk appetite. That said, the MSCI’s index of Asia-Pacific shares ex-Japan drops 0.60% intraday while Japan’s Nikkei 225 prints 0.85% intraday losses by the press time. It’s worth noting...