Economists lower China’s GDP forecast, Asia-Pacific stock markets are mixed

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SINGAPORE-The Asia-Pacific stock market was mixed in trading on Tuesday as a number of companies lowered China’s GDP forecasts.

Goldman Sachs on Tuesday lowered China’s GDP growth forecast to 7.8% from the previous forecast of 8.2%.

Nomura also expects China’s GDP This year it will grow by 7.7%, which is lower than the 8.2% previously predicted.

Still from Hong Kong Hang Seng Index Leading the gains area, it rose by 1.46% in the afternoon. Mainland China’s stock markets also rose, Shanghai Compound Rose 0.53%, while Shenzhen Components Increased by 0.139%.

In other places, South Korea Cospi Fell 0.87%. SK Innovation’s stock price rose nearly 4% after the company announced a plan Ford arrive Investing more than 11 billion U.S. dollars to build electric vehicles and batteries in a new plant in the United States.

In Japan, Nikkei 225 Fell 0.4%, while the Topix Index fell 0.53%.this Standard & Poor’s/Australian Stock Exchange 200 Australia fell 1.26%.

Data released by the Australian Bureau of Statistics on Tuesday showed that Australia’s seasonally adjusted retail sales fell 1.7% in August. According to Reuters, this is higher than the 2.5% drop predicted by the market.

The MSCI Asia Pacific’s broadest index outside of Japan rose 0.07%.

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In the US stock market overnight, the Dow Jones Industrial Average rose 71.37 points to 34,869.37, while the S&P 500 index fell 0.28% to 4,443.11. The Nasdaq Composite Index fell 0.52% to 14,969.97.

Wall Street’s mixed ups and downs The 10-year Treasury bond yield breaks through 1.5% It hit its highest level since June on Monday. It stayed within these levels and ended up at 1.5079%. The rate of return is inversely proportional to the price.

Brent crude oil breaks through US$80 per barrel

Oil prices rose in the afternoon during Asian trading hours, international benchmarks Brent crude oil futures It rose 0.79% to US$80.16 per barrel. U.S. crude oil futures It rose by 0.86% to US$76.10 per barrel.

this Dollar indexTracking the exchange rate of the US dollar against a basket of currencies was reported at 93.451, compared with an earlier low of 93.399.

this Japanese Yen After the exchange rate against the US dollar weakened from below 110.6 yesterday, each dollar traded at 111.18.this Australian dollar After rebounding from below 0.726 USD yesterday, it changed hands at 0.7301 USD.

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