Hong Kong's Hang Sang Index fell to its lowest level since 2021. Yahoo Finance Senior Columnist Rick Newman explains that while the outlook for China's economy looks grim, U.S. investors may not have to worry much about the impact. Citing research from Capital Economics, Newman explains that 'the effect of China's economy on the global economy and on global financial markets is typically somewhat overstated.' Newman notes that investors should remain observant of American companies with heavy exposure to China such as Apple (AAPL) and Tesla (TSLA).
Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023. -- China is considering stronger action to address risks from local government financing vehicles, with Caixin reporting on a plan to give the businesses cheap funding as debt concerns mount.
BEIJING — Asian stocks were mixed Monday as traders looked ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation. Shanghai and Hong Kong retreated while Tokyo and Seoul advanced. Oil prices rose. Wall Street’s benchmark S&P 500 index edged down 0.1% on Friday to end the week lower ahead of the Jackson Hole, Wyoming, conference.
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