- Posted on July 17, 2023
- News
- By FC Team
- 378 Views
Most Asian stocks moved in a flat-to-low range on Monday, while Chinese markets fell sharply after data showed that economic growth in the country slowed substantially through the second quarter. Regional trading volumes were somewhat slim, on account of a market holiday in Japan and a trading halt in Hong Kong, as the city faces its first major typhoon this year.A rally in Asian technology stocks, triggered by waning expectations for more U.S. interest rate hikes this year, now appeared to have run out of steam, with concerns over slowing growth in the region’s largest economy taking the helm. Investing.com