Concerns about the monetary policy outlook of the central banks in the USA, Europe and Great Britain are worrying investors on the Asian stock exchanges. It is considered agreed that the three monetary policy heavyweights will raise their interest rates this week. But the further interest rate cycle is considered uncertain.
Investors are therefore parting with shares in advance of making decisions. In China seduce yourself significantly improved economic data not to buy that Shanghai Composite down 0.4 percent. the Purchasing Managers Indices Manufacturing and services climbed back into growth territory in January, with the former slightly missing expectations. With the end of the strict corona lockdowns, however, the improvement is not surprising.
Also those that fell by 4 percent in 2022 industrial profits contain hardly any potential for surprises in view of the Corona measures in 2022. However, the downward trend of the first eleven months increased even further towards the end of the year.
In Hongkong the mood is worse than the day before, the HSI loses another 1.3 percent – after initial premiums. The stock exchange is more international and therefore more dependent on interest rate decisions by foreign central banks.
In Tokyo there is Nikkei-225 by 0.2 percent to 27,366 points. Expectations are growing there that the era of ultra-loose monetary policy in Japan could soon be history. Meanwhile, industrial production and retail sales were in some cases significantly better than expected.