Forex Marketz Daily Forex News – Fully Markets Update
Asian stock markets slipped lower to kick a new trading week off. Investors were watching a slew of economic data out of China and the financial markets in Japan were closed for a public holiday.
The Hang Seng Index, in Hong Kong, was lower. Shares fell 0.34 percent this morning. Material plays and property names fell lower today Utilities stocks were just a tad bit higher this morning as well.
On the mainland, the Asian benchmark, the Shanghai composite fell lower. Shares gave up 0.59 percent. Asian traders were looking at a barrage of Chinese economic data today. The Chinese second-quarter gross domestic product data met expectations. Their economy grew at 6.7 percent. This was down from the 6.8 percent growth from Q2 last year.
Other Asian Markets slip Lower this Morning
Elsewhere in the Asian and Pacific Rim, the South Korean Kospi composite index was down. Shares gave up 0.15 percent. Bank plays were lower. This brought down the broader index. However, tech plays were mixed. Samsung Electronics lost by 0.65 percent. Rival chip maker SK Hynix shed 0.68 percent.
In Australia, the S&P ASX 200 also gave up ground this morning. Shares lost 0.34 percent. The health care sector led the broader market lower.
In regional headlines, this morning, the Trump administration published its list of $200 billion in Chinese goods being levied with tariffs. This is a fresh move in the trade war between the two economic superpowers.
The list will go into effect after a review process. This move comes after U.S. tariffs on $34 billion in Chinese imports. These went into effect earlier in July.
