Sunday, March 16, 2025
11 C
Sarajevo

Indices fall because US data encourage fears of inflation and slower growth

Asian-Pacific markets mostly fell on Monday after Wall Street last Friday recorded the worst session in the year as American economic data indicated the slowdown in economics and adhesive inflation.

The Hang Seng index in Hong Kong fell by 0.96%, after reaching almost a three-year maximum in its previous session.

The continental China CSI300 index dropped 0.18% in Burn Trading.

In South Korea, the Kospi dropped by 0.65%, while the small capital Kosdaq fell by 0.71%.

Indian shares continued to be in a negative area, with Nifty 50 fell by 0.98%, while the BSE SENSEX index fell by 0.97%.

The Australian S & P / ASX 200 ended the day 0.14% higher at 8,308.20, interrupting your range of five sessions.

Japanese markets were closed due to the public holiday, the SEEbiz reports.

Basic inflation in Singapore, which excludes the costs of accommodation and private transport, increased in January by 0.8% on an annual basis, show government data. This is the lowest reading from June 2021. and is lower than forecast 1.5% in Reuters’ survey.

Meanwhile, the total inflation was 1.2% on an annual basis, which is the lowest rate of February 2021. The reading was also lower than 2.15% according to Reuters’ assessment.

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