Most Asian Stocks Rise as Japan Rallies on U.S. Data, Yen
Stocks slid to lower levels last week due to concern over slowing Chinese economics growth and that the Federal Reserve may tighten monetary policy sooner than some were previously expecting. Asian investors are closely watching the market and are worried about the overall business conditions going forward. There is some uncertainty involved in the market. Japans market rose as the Yen weakened against the U.S. dollar.
The U.S. GDP grew at a rate of 4.6% in the second quarter which is causing uncertainty over when the Fed will begin to hike interest rates back up. Today, the markets are just correcting themselves from a little over reaction last week from the U.S. news, slower growth in China, and protest around Hong Kong's central business district.
The Federal Reserve's decisions not only impact the U.S. but markets all over the world listen to their meetings. This shows why the Fed must be so careful in what they disclose. Everyone is watching and it affects the whole globe.
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