Nikkei, Yen, Hang Seng: Zinssorgen und Nahost-Konflikt drücken asiatische Börsen ins Minus
Die Angst vor einer Zinswende und der erneut eskalierende Militärkonflikt im Nahen Osten haben die asiatischen Börsen zum Wochenauftakt belastet.
Nikkei, Yen, Hang Seng: Asian Markets Take a Hit Amid Inflation Concerns and Middle East Tensions
Fears of rising interest rates and a potential military escalation in the Middle East weighed on Asian stock markets on Monday. In Tokyo, the Nikkei fell 1.6% to 65,361 points. The broader Topix index slipped 0.4% to 4,128 points. Chinese investors also pulled back, with the Shanghai index down 0.4% to 3,937 points. The CSI-300 index, tracking China's 300 largest mainland-listed companies, fell 1.0% to 4,564 points.
US Federal Reserve Chair Kevin Warsh's comments fueled market sentiment, highlighting the focus on inflation and expectations of an early interest rate hike from the Bank of Japan (BOJ) in the coming month. Takayuki Miyajima, chief economist at Sony Financial Group, explained that the growing expectations of US interest rate hikes will weigh on investor sentiment. Among the biggest losers in the Nikkei were Advantest, down 7%, Mitsubishi Materials, and Japan Steel Works.
Chinese economic data, which showed mixed industrial activity growth in August, also played a role in the market decline. While industrial activity improved slightly to 49.8 in August, it remained in contraction territory for the second month in a row. "It's too early to conclude an economic recovery," said Zhiwei Zhang, chief economist at Pinpoint Asset Management.
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