Investors in Asia are navigating a mixed market outlook as they approach the end of the quarter. The US Federal Reserve and China's recent stimulus measures continue to support markets, but concerns over Japan's new prime minister and potential economic slowdown linger.
Investors in Asia go into the last trading day of the quarter still riding high on the double dose of stimulus administered earlier in the month by the U.S. Federal Reserve and now by China.
Japanese markets could be in for a rocky ride on Monday, however, as investors react to the news that former defence minister Shigeru Ishiba will be the country's new prime minister. The upside for markets on Monday may also be capped by investors closing their books for the quarter, and ahead of China's Golden Week holiday that starts on Tuesday.
Figures on Friday showed that industrial profits slumped 17.8% in August, the biggest decline this year. Citi's Chinese economic surprises index is hovering around its lowest level in over a year, in contrast to the U.S. surprises index, which is also in negative territory but still the highest in over a year.
DENVER — Shohei Ohtani went 1 for 4 and fell short in his bid to become the National League’s first Triple Crown winner since 1937, stealing his 59th base to help the Los Angeles Dodgers rally past the Colorado Rockies 2-1 on Sunday in Charlie Blackmon’s final game.Jon Rahm beaten in play-off by world No 398 but Ryder Cup hopes given a healthy boost
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