Bracing for heavy selloff in Asian stocks after Wall Street's slump
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Asian stocks expected to open sharply lower on September 9, 2024; Wall Street's slump on September 6, 2024, influenced by U.S. jobs data and Fed comments; Japanese futures indicate a more than 3% drop for Nikkei 225; S&P 500 and Dow saw biggest weekly drop since March 2023; Nasdaq's 2.6% fall marks its largest weekly loss since January 2022; overseas investors cautious, net sellers in August; Chinese stocks closed at a seven-month low; U.S. unemployment rate decreased, wage growth accelerated; Fed officials did not signal a 50 basis point rate cut; China to release CPI and PPI data; Japan to revise Q2 GDP growth; Taiwan's export growth forecasted at 7.35%; Yi Gang calls for more fiscal stimulus to combat deflation.

#AsianStocks #WallStreet #Fed #EconomicData #China #Japan #Taiwan #RecessionFears #Inflation #MarketAnalysis

https://www.nst.com.my/business/corporate/2024/09/1103136/bracing-heavy-selloff-asian-stocks-after-wall-streets-slump 

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