{"id":73146,"date":"2023-10-16T08:36:36","date_gmt":"2023-10-16T12:36:36","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/asian-stocks-weak-as-middle-east-tensions-persist-nikkei-tumbles\/"},"modified":"2023-10-16T08:36:39","modified_gmt":"2023-10-16T12:36:39","slug":"asian-stocks-weak-as-middle-east-tensions-persist-nikkei-tumbles","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73146","title":{"rendered":"Asian stocks weak as Middle East tensions persist, Nikkei tumbles"},"content":{"rendered":"
\n
\n

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

Investing.com– Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index leading losses amid jitters before key inflation data this week.\u00a0<\/p>\n

Markets remained on edge over a spillover in the Israel-Hamas conflict into the broader Middle East region, as Israel prepared for a ground assault on the Gaza strip. But U.S. Secretary of State Antonty Blinken said that Arab states did not want a spillover of the conflict.\u00a0<\/p>\n

Still, risk appetite remained weak, also coming under pressure from fears of rising U.S. interest rates, following a stronger-than-expected inflation reading last week.\u00a0<\/p>\n

Japan\u2019s Nikkei tumbles amid profit taking, tech rout\u00a0<\/h2>\n

The was the worst performer among its peers on Monday, sliding 1.9% with tech stocks bearing the brunt of selling.<\/p>\n

The index had seen a strong run-up last week as expectations of a dovish Bank of Japan and relative strength in Japanese firms attracted a slew of foreign buyers.<\/p>\n

But worsening risk appetite now saw investors lock-in recent profits, with tech seeing the largest degree of selling as markets also feared higher U.S. interest rates.\u00a0<\/p>\n

Investors also turned cautious on Japan before key for September, due later this week. Any signs of sticky inflation could give the BOJ more impetus to tighten policy.\u00a0<\/p>\n

Broader Asian markets retreated. South Korea\u2019s I shed 1%, while Australia\u2019s fell 0.2%.\u00a0<\/p>\n

Futures for India\u2019s index pointed to a positive open, especially after data last week showed consumer inflation eased in September. from India is due later on Monday.\u00a0<\/p>\n

Chinese stocks subdued with GDP, rate decision in focus\u00a0<\/h2>\n

China\u2019s and indexes fell 0.6% and 0.4%, respectively, while Hong Kong\u2019s index lost 0.1%.<\/p>\n

Sentiment towards China remained on edge before key third-quarter data due later this week, which is expected to show continued weakness in growth.<\/p>\n

The People\u2019s Bank of China is also set to decide on its key later in the week, although a change appears likely after the PBOC kept its medium-term loan rates unchanged.\u00a0<\/p>\n

Still, state media said on Monday that more rate cuts by the PBOC were still on tap this year, considering that economic growth slowed substantially despite the lifting of anti-COVID measures. Business activity data released earlier in October also painted a dour picture of Asia\u2019s largest economy.<\/p>\n<\/div>\n

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

\u00a9 Reuters. Investing.com– Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index leading losses amid jitters before key inflation data this week.\u00a0 Markets remained on edge over a spillover in the Israel-Hamas conflict into the broader Middle East region, as Israel prepared for a […]<\/p>\n","protected":false},"author":1,"featured_media":73147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-73146","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAsian stocks weak as Middle East tensions persist, Nikkei tumbles | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index\" \/>\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=73146\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian stocks weak as Middle East tensions persist, Nikkei tumbles | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=73146\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-16T12:36:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-16T12:36:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/LYNXNPEC6601N_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"531\" \/>\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=73146#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73146\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Asian stocks weak as Middle East tensions persist, Nikkei tumbles\",\"datePublished\":\"2023-10-16T12:36:36+00:00\",\"dateModified\":\"2023-10-16T12:36:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73146\"},\"wordCount\":399,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=73146#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73146\",\"url\":\"https:\/\/ifintechworld.com\/?p=73146\",\"name\":\"Asian stocks weak as Middle East tensions persist, Nikkei tumbles | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-16T12:36:36+00:00\",\"dateModified\":\"2023-10-16T12:36:39+00:00\",\"description\":\"\u00a9 Reuters. Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73146#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=73146\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73146#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asian stocks weak as Middle East tensions persist, Nikkei tumbles\"}]},{\"@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 weak as Middle East tensions persist, Nikkei tumbles | iFintechWorld","description":"\u00a9 Reuters. Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index","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=73146","og_locale":"en_US","og_type":"article","og_title":"Asian stocks weak as Middle East tensions persist, Nikkei tumbles | iFintechWorld","og_description":"\u00a9 Reuters. Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index","og_url":"https:\/\/ifintechworld.com\/?p=73146","og_site_name":"iFintechWorld","article_published_time":"2023-10-16T12:36:36+00:00","article_modified_time":"2023-10-16T12:36:39+00:00","og_image":[{"width":800,"height":531,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/LYNXNPEC6601N_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=73146#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=73146"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Asian stocks weak as Middle East tensions persist, Nikkei tumbles","datePublished":"2023-10-16T12:36:36+00:00","dateModified":"2023-10-16T12:36:39+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=73146"},"wordCount":399,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=73146#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=73146","url":"https:\/\/ifintechworld.com\/?p=73146","name":"Asian stocks weak as Middle East tensions persist, Nikkei tumbles | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-16T12:36:36+00:00","dateModified":"2023-10-16T12:36:39+00:00","description":"\u00a9 Reuters. Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan\u2019s Nikkei index","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=73146#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=73146"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=73146#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Asian stocks weak as Middle East tensions persist, Nikkei tumbles"}]},{"@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\/73146","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=73146"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73146\/revisions"}],"predecessor-version":[{"id":73148,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73146\/revisions\/73148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/73147"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}