China suffers debt downgrade in newest blow to economic system | EUROtoday

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What occurred in a single day

In Wall Street, the S&P 500 edged up by 0.1pc, to five,209.91, after barely budging the day earlier than. The Dow Jones Industrial Average slipped lower than 0.1pc, to 38,883.67, whereas the Nasdaq Composite rose 0.3pc, to 16,306.64.

Treasury yields eased within the bond market forward of Wednesday’s extremely anticipated replace on inflation on the U.S. client degree. The yield on benchmark 10-year US Treasury bonds dipped to 4.35pc from 4.42pc late on Monday.

Hong Kong shares rose on the open on Wednesday, the Hang Seng Index including 0.58pc, or 97.95 factors, to 16,926.02.

The Shanghai Composite Index dipped 0.08pc, or 2.58 factors, to three,045.96, in the meantime the Shenzhen Composite Index on China’s second trade gave up 0.23pc, or 3.97 factors, to 1,746.83.

In Tokyo, shares additionally opened decrease with buyers anticipated to take a wait-and-see stance forward of the discharge of US inflation knowledge.

The benchmark Nikkei 225 index dropped 0.34pc, or 133.84 factors, to 39,639.29 whereas the broader Topix index slipped 0.31pc, or 8.61 factors, to 2,746.08.