Asia markets mostly fall, China slumps on weak data, Japan climbs after BOJ holds rates
Main Idea
Asian shares mostly declined, with China's market leading the drop due to weak factory activity data, while Japanese stocks rose following the Bank of Japan's cautious stance.
Key Points
1. Asia shares mostly fell on Thursday.
2. China's market led the declines after weak factory activity data signaled economic challenges.
3. Japanese stocks gained as the Bank of Japan maintained a watchful stance.
Description
Asia shares mostly in red on Thursday, China's market led declines after the release of weak factory activity data, signaling economic headwinds. Conversely, Japanese stocks gained ground following the Bank of Japan's expected decision to hold interest rates steady. Market participants, however, maintained a watchful stance due to the looming August 1st U.S. tariff deadline. Caution was also building ahead of key US economic data, such as jobs figures and PCE inflation. U.S. President Donald Tru...
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