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Asian Shares Mixed On U.S. Bank Worries, Chinese Inflation Data

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

Asian stocks ended mixed on Wednesday amid worries about the U.S. banking system and fresh signs of weakening domestic demand in China.

Investors also awaited U.S. consumer and wholesale inflation data due this week for clues on future interest rate hikes.

Economists expect Thursday's data to show U.S. consumer prices rose by an annual 3.3 percent in July, up from 3 percent in the previous month.

China's Shanghai Composite Index dropped 0.5 percent to 3,244.49 as weak inflation data revived worries about slowing growth in the world's second largest economy.

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