Bangkok (APP) – US stocks were mixing shares in the thin Asian trade on Monday after returning from their timely height.
Oil prices fell and the US futures sank, while after the manufacturers survey, Chinese shares reduced some of their initial benefits, according to which export orders reached the lowest level in five months.
Official manufacturing Purchase Managers Index In December, from 50.1 to January 49.1, the scale slipped into the area where 50 and above indicated extension. New orders and construction PMI also fell.
Capital Economics’ Zachin Huang said that the rise in government spending could make slowdown temporary. Many factories close for a time during January, before the new lunar year holidays, which begin on Tuesday.
“But disappointing PMI data indicates that policy makers are facing difficulties in achieving sustainable rehabilitation,” Huang wrote in a comment.
In Hong Kong, the Hang Seng was up 0.7 percent to 20,213.07, while the Shanghai Composite Index fell from 0.1 percent to 3,250.60.
Tokyo’s Nikkei 225 left 0.9% to 39,565.80, with the Bank of Japan increasing its benchmark interest rate by 0.25%, which is the highest level since 2008.
The US dollar increased from 155.72 to 155.83 yen against the Japanese yen. The euro dropped from $ 1.0483 to $ 1.0462.
In Bangkok, SET fell 0.9%.
Due to the holidays, many other Asian markets were closed.
On Friday, pulled back from US stock Their all -time height Close a The second straight winning week.
After setting the S&P 500 record, it closed 0.3 percent a day to 6,101.24. Dow Jones Industrial Average fell 0.3 percent to 44,424.25, and the Nice deck composite fell 0.5 percent to 19,954.30.
The trade was calm, with a relatively stability in the bond market, which has recently been conducting most of the operations on Wall Street. When worried. Inflation And the US government’s debt is increasing, Treasury production has increased. And helped Fall down stock prices. When concerns are low, such as inflation after last week’s encouraging update, production has been relaxed and stocks have helped grow.
The most of one Income of the income reporting season encouraging start The stock market has also helped for large US companies. Even if the higher production of the treasury is pushing their stock prices down, companies can compensate for it by making a big profit.
Production on the 10 -year treasury rose from 4.65 % to 4.61 % at the end of Thursday. Following some reports about the US economy, other products also decreased, which was worse than expected.
One said that the emotions of American consumers are weak in the prediction of economists and have fallen in January for the first time in six months. A separate preliminary report states that US business activity is also weaker than expected. A third, potentially more encouraging report states that sales of occupied houses were slightly stronger than expected last month, The weakest year for such sales since 1995.
Traders do not expect the weak data to force the Federal Reserve to reduce its basic interest rates at the next week’s meeting. They are practically confident that the central bank will remain stable. CME Group data.
In other deals early Monday, the US benchmark crude oil prices fell 47 cents to $ 74.19 a barrel. International standard Brent crude costs $ 77.02 to $ 77.02.
