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Asian Equities Worry Over China Amid Growing Fed Rate Cut Hopes

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

Equity markets in Asia closed on a mixed note on Monday amidst sentiment driven both by concerns about China as well as the growing Fed rate cut expectations. A labor market update from the U.S. as well as inflation data from China due in the week added to the anxiety and uncertainty.

China's Shanghai Composite Index slipped 0.3 percent to finish trading at 3,022.91. The day's trading ranged between 3,038.98 and 3,022.35. The Shenzhen Component Index lost 0.6 percent to close at 9,660.44.

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