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    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

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    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

    Neil Young Plays Rare Full-Band ‘Ambulance Blues’ With The Chrome Hearts – Yahoo

    Neil Young Stuns Fans with Rare Full-Band Performance of ‘Ambulance Blues’ Alongside The Chrome Hearts

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

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    PAP Boss to Niger Delta Youths, Stay Away from the Protest

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Asia Market News: Hang Seng Index Slides on China PMIs and Policy Uncertainty

March 5, 2024
in Business
Asia Market News: Hang Seng Index Slides on China PMIs and Policy Uncertainty
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Business activity rose at the slowest pace in three months.
New orders from overseas rose at the most marked pace since June 2023,
However, lackluster domestic demand led to a modest increase in overall new orders. Overall, new orders rose at a slower pace than in 2023.
Despite the increase in new orders from overseas, business confidence weakened.
Firms reduced staff numbers for the first time since November 2023.
However, input prices increased, leading to an uptick in selling prices.

The figures were significant, with the National People’s Congress opening on Tuesday morning. Despite the better-than-expected Caixin Manufacturing PMI numbers, the service sector PMI raises questions about domestic demand. Importantly, weaker domestic demand warrants further measures to support the economy.

As a result of the softer-than-expected Caixin Services PMI, the Caixin Composite PMI remained unchanged at 52.5. Economists forecast the Caixin Composite PMI to increase from 52.5 to 53.1. In February, the Caixin Manufacturing PMI increased from 50.8 to 50.9.

AUD/USD Has a Mixed Reaction to the PMI Numbers from China

Before the PMI numbers from China, the AUD/USD rose to a high of $0.65113 before falling to a low of $0.65037.

However, in response to the PMI numbers, the Aussie dollar fell from $0.65096 to a low of $0.65037 before steadying.

On Tuesday morning, the AUD/USD was down 0.01% to $0.65072. The AUD/USD avoided a more marked decline as investors awaited updates from the National People’s Congress. In addition to growth forecasts, the markets expect policy measures to support the real estate sector and bolster the economy.

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Copyright for syndicated content belongs to the linked Source : FXEmpire – https://www.fxempire.com/news/article/asia-market-news-hang-seng-index-slides-on-china-pmis-and-policy-uncertainty-1414013

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