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Investors Brace for Impact as Asia-Pacific Markets React to Weak Wall Street Performance

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Japan’s Nikkei 225 Index (NKY:IND) fell by 0.12%, adding to the global market unease.

The Shanghai Composite Index (SHCOMP) managed to eke out a gain of 0.23% despite the overall market turmoil.

Hong Kong’s Hang Seng Index (HSI) stumbled by 0.84% as investors sought stability amidst the volatility.

India’s SENSEX (SENSEX) saw marginal growth of 0.01%, with traders closely monitoring the upcoming release of India’s Q3 GDP figures and US inflation data.

Australia’s ASX 200 Index (AS51) defied the negative trend, registering a rise of 0.39%, buoyed by the increase in weekly consumer confidence to 76.7 (previously 74.7).

Australia also reported a 0.2% month-on-month decrease in October retail sales against an expected 0.1% rise.

In the US on Monday, all major indexes closed slightly lower, as investors grappled with the abrupt pause in the November rally while awaiting crucial economic data due later in the week.

US stock futures on Tuesday held steady following a minor downturn in the previous session, with the Dow down 0.02%, S&P 500 down 0.09%, and Nasdaq down 0.18%.

Looking ahead, markets are keenly focused on PCE prices, the Fed-preferred inflation gauge, personal income and spending data, and the ISM Manufacturing PMI for further guidance. Additionally, several Fed officials are scheduled to deliver remarks throughout the week.

Currency markets are rife with anticipation as (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), and (NZD:USD) ratios shift in response to the evolving economic landscape.

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