ThinkForex - Analytics

    ThinkForex

    461.75 4.25/10
    80% of positive reviews
    Real

    Asian markets fall on weak Chinese data

    Stocks have fallen across major Asian markets.

     

    Markets across Asia have witnessed a downturn in trading performance during the last full session, led lower by weaker economic data coming out of China.

     

     

    Forecasts for Chinese economic growth were reduced from 7% to 6.8% for the third quarter of 2015 on Tuesday (14 October 2015), resulting in widespread fears that the stable economic recovery taking place in the country could be about to falter.

     

     

    Should these predictions prove sound, this would represent the first time quarterly growth for the Asian powerhouse has dipped below the 7%-mark since the onset of the global economic crisis.

     

     

    China has been one of the main shining lights for economic growth in recent years, but with a reduction in performance now forecast, some analysts are questioning whether or not the breakneck pace of Chinese economic expansion is sustainable in the current financial climate.

     

     

    A failure to meet its expected target of 7% would come as a damaging shock not only to markets in China, but to many of the nation's major trading partners as well. China is the world's largest manufacturer of goods and a fall-back in economic performance may be an indicator of lower output in the years to come.

     

     

    Indeed, recent official data highlighted a more than 8% fall in profits for the nation's major industrial firms and this may therefore be an indicator of future problems to come.

     

     

    All major markets across Asia fell on Tuesday, with the strongest losses seen for the Japanese Nikkei Stock Average 225, which was down by 1.89%.

     

     

    Meanwhile, China's Shanghai Composite Index lost 0.95% in the wake of these latest negative reports, and the Hong Kong Hang Seng Index fell by 0.71%.

     

     

    Australia's ASX All Ordinaries Index was less badly affected by the fallout from China and registered a downturn of just 0.08% in its latest full trading session.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree