{"id":136649,"date":"2024-12-13T18:32:00","date_gmt":"2024-12-13T11:32:00","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=136649"},"modified":"2024-12-13T18:32:00","modified_gmt":"2024-12-13T11:32:00","slug":"asia-stocks-fall-ahead-of-fed-meet-china-shares-slump-as-cewc-updates-disappoint-by-investing-com","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=136649","title":{"rendered":"Asia stocks fall ahead of Fed meet, China shares slump as CEWC updates disappoint By Investing.com"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Investing.com&#8211; Asian stocks fell sharply on Friday tracking overnight losses on the Wall Street, while Chinese shares slumped as policy updates from a high-profile legislative meeting failed to deliver large-scale economic stimulus as expected.<\/p>\n<p>U.S stock indexes closed lower overnight as investors squared their positions before the  due next week, although a 25 basis point rate cut was largely expected. Wall Street futures were largely steady in Asia hours.<\/p>\n<h2><strong>China stocks decline as CEWC underwhelms on stimulus<br \/><\/strong><\/h2>\n<p>China\u2019s \u00a0index fell 1.8%, while the \u00a0index declined 2%. Hong Kong\u2019s \u00a0index slumped 1.9%, with the three largely lagging their Asian peers.<\/p>\n<p>Investors were disappointed by the a of aggressive stimulus measures following updates from China\u2019s Central Economic Work Conference (CEWC), a two-day meeting which concluded on Thursday.<\/p>\n<p>\u201cBoth the Politburo and CEWC look more like a policy recap of the stimulus measures in the past months rather than a new supporting deal to the economy. Most policy options have already been implemented or discussed by ministries at previous press briefings, and the question on the stimulus ahead will not be \u2018what\u2019, but \u2018how much\u2019,\u201d ANZ analysts said in a note.<\/p>\n<p>A state media readout from showed that China has pledged to boost its budget deficit, increase debt issuance, and ease monetary policy to sustain economic growth amid anticipated trade tensions with the U.S. But markets saw the policies unlikely to provide the immediate economic momentum needed to counteract China&#8217;s deflationary pressures.<\/p>\n<p>At the CEWC, Beijing sets targets for economic growth, the budget deficit, debt issuance and other variables for the year ahead. The targets are agreed at the meeting, but won&#8217;t be officially released until an annual parliament meeting in March.<\/p>\n<h2><strong>Asia shares under pressure ahead of Fed, BOJ meetings <br \/><\/strong><\/h2>\n<p>Japan\u2019s  fell 1.3%, and  declined 1.4% ahead of the Bank Japan\u2019s  due next week.<\/p>\n<p>The central bank is leaning toward maintaining its current\u00a0interest rates next week, as officials seek more time to evaluate global risks and the outlook for wage growth in 2024, Reuters reported on Thursday.<\/p>\n<p>Globally, investors were cautious ahead of next week&#8217;s Fed meeting. The Fed is expected to lower interest rates by 25 basis points next week, however, higher-than-anticipated  and largely in-line consumer inflation figures released this week, have clouded the central bank\u2019s long term rate outlook.<\/p>\n<p>Australia\u2019s  lost 0.7%, while Indonesia\u2019s  dropped 0.3%.<\/p>\n<p>Bucking the regional trend, shares in South Korea\u2019s  index inched 0.3% higher, ahead of a planned parliamentary vote to impeach country\u2019s President Yoon Suk Yeol.<\/p>\n<p>On December 3, President Yoon briefly imposed martial rule in South Korea, only to reverse the decision within hours. This led to a criminal investigation against Yoon amid demands to remove him from power.<\/p>\n<p>Elsewhere, India\u2019s  indicated a muted open on Friday, while Malaysia\u2019s  index edged up 0.3%.<\/p>\n<\/div>\n<p><script id=\"fb_pixel\" data-nscript=\"beforeInteractive\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/asia-stocks-fall-ahead-of-fed-meet-china-shares-slump-as-cewc-updates-disappoint-3770521\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investing.com&#8211; Asian stocks fell sharply on Friday tracking overnight losses on the Wall Street, while Chinese shares slumped as policy updates from a high-profile legislative meeting failed to deliver large-scale &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=136649\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-136649","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136649"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136649\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}