{"id":42413,"date":"2023-07-31T01:49:54","date_gmt":"2023-07-31T05:49:54","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/asian-stocks-rise-as-china-stimulus-hopes-offset-glum-pmis\/"},"modified":"2023-07-31T01:49:55","modified_gmt":"2023-07-31T05:49:55","slug":"asian-stocks-rise-as-china-stimulus-hopes-offset-glum-pmis","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42413","title":{"rendered":"Asian stocks rise as China stimulus hopes offset glum PMIs"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Investing.com — Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset data showing business activity in the country deteriorated further in July.<\/p>\n

Hopes of fewer U.S. interest rate hikes also aided regional markets, after data on Friday showed that the Federal Reserve\u2019s eased in June.<\/p>\n

Japanese stocks were the best performers in the region, rebounding sharply from losses on Friday as the Bank of Japan (BOJ) carried out an unscheduled bond-buying operation to help stem a spike in yields. <\/p>\n

The rose 1.4%, while the broader added 1.3%, with both indexes now moving back towards their 30-year peaks. Japanese stocks rose even as data showed that grew less than expected in June, while fell. <\/p>\n

Chinese stocks rise as stimulus bets offset weak PMIs<\/h2>\n

Chinese markets firmed on Monday as the State Council outlined more measures to boost domestic consumption and economic growth.<\/p>\n

The Council unveiled measures aimed chiefly at increasing retail discretionary spending, as well as supporting the real estate and automobile markets.<\/p>\n

China\u2019s index rose 0.8%, while the added 0.6%. Gains in Chinese stocks saw Hong Kong\u2019s index surge 1.6%, as the council also unveiled measures intended to support the country\u2019s biggest tech companies. <\/p>\n

But bigger gains were held back by data showing that China\u2019s shrank for a fourth straight month in July, while also deteriorated. <\/p>\n

The readings indicated that the Chinese economy was still struggling after a weak third quarter, and that more policy support was needed to boost Asia\u2019s largest economy.<\/p>\n

Other China-exposed Asian stocks advanced on Monday, with South Korea\u2019s up 0.8%, while most Southeast Asian markets rose.<\/p>\n

On the other hand, futures for India\u2019s index pointed to a weak open, as investors collected profits after a string of record highs through July. <\/p>\n

Australian stocks flat amid RBA uncertainty<\/h2>\n

Australia\u2019s index traded sideways on Monday, as investors hunkered down before a meeting on Tuesday.<\/p>\n

Markets are split over whether the bank will hike rates further. While inflation has recently eased in the country, it still remains well above the RBA\u2019s 2-3% annual target.<\/p>\n

Recent data also showed that the labor market remains strong, which could keep inflation sticky in the coming months, inviting more hikes from the central bank.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Investing.com — Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset data showing business activity in the country deteriorated further in July. Hopes of fewer U.S. interest rate hikes also aided regional markets, after data on Friday showed that the Federal Reserve\u2019s eased […]<\/p>\n","protected":false},"author":1,"featured_media":6518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-42413","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAsian stocks rise as China stimulus hopes offset glum PMIs | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com -- Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=42413\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian stocks rise as China stimulus hopes offset glum PMIs | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Investing.com -- Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=42413\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-31T05:49:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-31T05:49:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB8R00J_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42413#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42413\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Asian stocks rise as China stimulus hopes offset glum PMIs\",\"datePublished\":\"2023-07-31T05:49:54+00:00\",\"dateModified\":\"2023-07-31T05:49:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42413\"},\"wordCount\":395,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=42413#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42413\",\"url\":\"https:\/\/ifintechworld.com\/?p=42413\",\"name\":\"Asian stocks rise as China stimulus hopes offset glum PMIs | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-31T05:49:54+00:00\",\"dateModified\":\"2023-07-31T05:49:55+00:00\",\"description\":\"\u00a9 Reuters. Investing.com -- Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42413#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=42413\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42413#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asian stocks rise as China stimulus hopes offset glum PMIs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Asian stocks rise as China stimulus hopes offset glum PMIs | iFintechWorld","description":"\u00a9 Reuters. Investing.com -- Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=42413","og_locale":"en_US","og_type":"article","og_title":"Asian stocks rise as China stimulus hopes offset glum PMIs | iFintechWorld","og_description":"\u00a9 Reuters. Investing.com -- Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset","og_url":"https:\/\/ifintechworld.com\/?p=42413","og_site_name":"iFintechWorld","article_published_time":"2023-07-31T05:49:54+00:00","article_modified_time":"2023-07-31T05:49:55+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB8R00J_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=42413#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=42413"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Asian stocks rise as China stimulus hopes offset glum PMIs","datePublished":"2023-07-31T05:49:54+00:00","dateModified":"2023-07-31T05:49:55+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=42413"},"wordCount":395,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=42413#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=42413","url":"https:\/\/ifintechworld.com\/?p=42413","name":"Asian stocks rise as China stimulus hopes offset glum PMIs | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-31T05:49:54+00:00","dateModified":"2023-07-31T05:49:55+00:00","description":"\u00a9 Reuters. Investing.com -- Most Asian stocks rose on Monday, extending last week\u2019s rally as optimism over more Chinese stimulus measures largely offset","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=42413#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=42413"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=42413#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Asian stocks rise as China stimulus hopes offset glum PMIs"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42413"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42413\/revisions"}],"predecessor-version":[{"id":42414,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42413\/revisions\/42414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/6518"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}