** 17-Oct-2024 World View: Morning news
The big news this morning is that Israel
believes that it has killed Yahya
Sinwar, the leader of Hamas. Sinwar was
cconsidered the mastermind of the
October 7 attacks. If it is fully
confirmed, this will have a
significant impact on the Mideast.
This leads to the hope, possibly remote,
that with the death of Sinwar th hostages
might be brought home.
Here's another story that almost nobody
is talking about but I think is very
important:
China's economy is in a deflationary
spiral, with both the stock market and
the real estate market falling.
This is spreading to other Asian
markets, and may soon spread to Europe
and eventually to America.
China property stocks drop nearly 8% after housing ministry briefing; most Asia-Pacific markets decline
https://www.cnbc.com/2024/10/17/asia-ma ... jobs-.html
SINGAPORE — Most Asia-Pacific markets
fell Thursday after China's housing
ministry briefing failed to impress
investors, and sent the country's
property stocks plummeting.
The CSI 300 real estate index — which
had gained over 5% on Wednesday — fell
nearly 8%, while the benchmark CSI 300
declined 1.13% to 3,788.22.
Hong Kong's Hang Seng index
was down 1.3% at 20,030 as of its final
hour of trade following a number of
policy announcements from its chief
executive on Wednesday. The Hang Seng
Mainland Properties Index dropped 6.6%.
Japan's Nikkei 225
slipped 0.69% to close at 38,911.19,
while the broad-based Topix was down
0.11% to end at 2,687.83 after investors
assessed trade data out of Japan.
Japan's exports fell 1.7% in September
compared to the same period last year,
surprising economists polled by Reuters
who had expected a 0.5% growth. Exports,
which contracted for the first time this
year, were down sharply from a revised
growth rate of 5.5% in August.
September's import growth came in at
2.1% also missing expectations of
economists who expected growth of
3.2%. The figure was down from August's
growth of 2.3%.
Australia's S&P/ASX 200 rose 0.86% to
end trading at 8,355.9.
Australia's unemployment rate for
September came in at 4.1%, slightly down
from a Reuters poll that expected it to
remain unchanged from August at 4.2%.
Australia's labor participation rate
slightly increased to 67.2% in
September, up 0.1 percentage point from
August as well as forecasts.
South Korea's Kospi ended marginally
lower at 2,609.30, while the small-cap
Kosdaq slipped 0.1% to 765.79.
Taiwan Semiconductor Manufacturing
Company
reported earnings on Thursday after
Taiwan markets closed. Taiex gained
0.19% to end the day at 23,053.84.
Overnight in the U.S., the Dow Jones
gained 337.28 points, or 0.79%, to ended
at 43,077.70.
The S&P 500 added 0.47% to 5,842.47,
while the Nasdaq Composite jumped 0.28%
to close at 18,367.08.
— CNBC's Lisa Kailai Han and Jesse Pound
contributed to this report.
[color=blue][size=120][b]** 17-Oct-2024 World View: Morning news[/b][/size][/color]
The big news this morning is that Israel
believes that it has killed Yahya
Sinwar, the leader of Hamas. Sinwar was
cconsidered the mastermind of the
October 7 attacks. If it is fully
confirmed, this will have a
significant impact on the Mideast.
This leads to the hope, possibly remote,
that with the death of Sinwar th hostages
might be brought home.
Here's another story that almost nobody
is talking about but I think is very
important:
China's economy is in a deflationary
spiral, with both the stock market and
the real estate market falling.
This is spreading to other Asian
markets, and may soon spread to Europe
and eventually to America.
China property stocks drop nearly 8% after housing ministry briefing; most Asia-Pacific markets decline
[url]https://www.cnbc.com/2024/10/17/asia-markets-live-updates-japan-trade-australia-jobs-.html[/url]
SINGAPORE — Most Asia-Pacific markets
fell Thursday after China's housing
ministry briefing failed to impress
investors, and sent the country's
property stocks plummeting.
The CSI 300 real estate index — which
had gained over 5% on Wednesday — fell
nearly 8%, while the benchmark CSI 300
declined 1.13% to 3,788.22.
Hong Kong's Hang Seng index
was down 1.3% at 20,030 as of its final
hour of trade following a number of
policy announcements from its chief
executive on Wednesday. The Hang Seng
Mainland Properties Index dropped 6.6%.
Japan's Nikkei 225
slipped 0.69% to close at 38,911.19,
while the broad-based Topix was down
0.11% to end at 2,687.83 after investors
assessed trade data out of Japan.
Japan's exports fell 1.7% in September
compared to the same period last year,
surprising economists polled by Reuters
who had expected a 0.5% growth. Exports,
which contracted for the first time this
year, were down sharply from a revised
growth rate of 5.5% in August.
September's import growth came in at
2.1% also missing expectations of
economists who expected growth of
3.2%. The figure was down from August's
growth of 2.3%.
Australia's S&P/ASX 200 rose 0.86% to
end trading at 8,355.9.
Australia's unemployment rate for
September came in at 4.1%, slightly down
from a Reuters poll that expected it to
remain unchanged from August at 4.2%.
Australia's labor participation rate
slightly increased to 67.2% in
September, up 0.1 percentage point from
August as well as forecasts.
South Korea's Kospi ended marginally
lower at 2,609.30, while the small-cap
Kosdaq slipped 0.1% to 765.79.
Taiwan Semiconductor Manufacturing
Company
reported earnings on Thursday after
Taiwan markets closed. Taiex gained
0.19% to end the day at 23,053.84.
Overnight in the U.S., the Dow Jones
gained 337.28 points, or 0.79%, to ended
at 43,077.70.
The S&P 500 added 0.47% to 5,842.47,
while the Nasdaq Composite jumped 0.28%
to close at 18,367.08.
— CNBC's Lisa Kailai Han and Jesse Pound
contributed to this report.