Market Commentary - Foreign Markets
Chinese markets end lower ahead of US CPI data As on : 11-Sep-24  15:58

Chinese markets hit a seven-month low as the U.S. House of Representatives approved BIOSECURE Act, restricting U.S. ties with specific Chinese biotech companies to safeguard national security. The benchmark Shanghai Composite index fell 0.82 percent to 2,721.80. Hong Kong's Hang Seng index settled 0.73 percent lower at 17,108.71, after having fallen to a near one-month low earlier. Asian stocks declined on Wednesday as investors watched the latest updates on the Trump-Harris presidential debate and braced for U.S. consumer price inflation data that could influence the Federal Reserve's policy moves next week.

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