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Asian Stocks Weaken As Commodity Prices Weigh

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian markets finished trading on a negative note on Tuesday, as lower commodity and iron ore prices weighed on sentiment. Weak GDP data from China continued to impact the commodity price outlook.

Markets also await the earnings updates and forward guidance. Minutes of the Reserve Bank of Australia, which hinted at future hikes, also dampened sentiment.

China's Shanghai Composite Index dropped 11.81 points or 0.4 percent to finish trading at 3,197.82. The day's trading ranged between 3,210.25 and 3,190.00. The Shenzhen Component Index fell 37.40 points or 0.3 percent to close at 10,972.96.

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