MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.48%, after US stocks ended up
SYDNEY – Asian stocks traded higher on Wednesday, unfazed by a rating downgrade to China by Fitch which triggered a mild domestic sell-off as the world's second-biggest economy struggles to mount a solid post-COVID recovery.
Fitch affirmed China's sovereign rating at 'A+' even though the outlook was downgraded to negative and it forecast economic growth this year would slow. Australian shares were up 0.3%, while Japan's Nikkei stock index was down 0.55%. The Nikkei is looking to test 40,000 points again, with the yen's slide seen helping fuel that push.
"The Bank of Japan will be taking very small steps at a time when a lot of global central banks are contemplating cutting rates means any yen moves higher will be limited."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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