Asian Stocks Follow U.S. Slump as Investors Await China Data

PT. Equityworld Futures - Asian stocks fell, after the Dow Jones Industrial Average posted its worst week since January, as investors awaited data on China amid a selloff in commodities.
The MSCI Asia Pacific Index dropped 0.4 percent to 141.95 as of 9:00 a.m. in Tokyo after the Dow slumped 2.9 percent last week. China reports on industrial company profits Monday, providing further clues on the slowdown in Asia’s largest economy. Gold is trading near a five-year low and oil is in a bear market amid concern raw material supplies are outpacing demand. In the U.S., data are due on durable and capital goods orders, with investors looking to this week’s meeting of the Federal Reserve to gauge the timing for higher interest rates.
Japan’s Topix index fell 0.7 percent. South Korea’s Kospi index dropped 0.5 percent. Australia’s S&P/ASX 200 Index lost 0.2 percent and New Zealand’s NZX 50 Index slipped 0.4 percent.
Futures on Hong Kong’s Hang Seng Index sank 0.7 percent in most recent trading, with contracts on the Hang Seng China Enterprises Index, a gauge of mainland Chinese stocks listed in the city, down 1.1 percent. Futures on the FTSE China A50 Index, which tracks the largest Chinese companies, lost 0.8 percent and CSI 300 Index contracts declined 3 percent in Friday trade.
S&P 500 e-mini futures were little changed on Monday. The underlying equity gauge lost 1.1 percent on Friday.
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China’s Gold Buying From Hong Kong Drops to Lowest in a Year

PT. Equityworld Futures - China’s net gold imports from Hong Kong slumped to the lowest level in almost a year in a sign that demand in the world’s biggest consumer may be slowing.
Purchases less sales sank to 22.1 metric tons in June from 67.9 tons in May and 36.4 tons a year earlier, according to data compiled by Bloomberg from the Hong Kong Census and Statistics Department. That’s the smallest since July 2014.
Gold prices fell 1.5 percent in June as the U.S. Federal Reserve moved closer to raising borrowing costs for the first time since 2006. Higher rates cut the allure of bullion as the metal doesn’t pay interest or give returns like stocks and bonds. Swiss exports to China also sank in June, falling 26 percent from May. The start of the rout that wiped $4 trillion from Chinese shares may have hurt demand and buyers were also concerned about prospects for more price declines.
Bullion plunged the most in two years on July 20, sinking to the lowest since 2010, after the Chinese central bank announced it had purchased about 604 tons in the past six years, less than most analysts had anticipated, taking its holdings to 1,658 tons.
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Emas Turun Terkait Outlook Suku Bunga AS, Palladium Melanjutkan Rebound

PT. Equityworld Futures - Emas tahan pelemahan pasca penurunan minguan jangka terpanjangnya sejak 2012 pada kekhawatiran bahwa suku bunga AS akan segera naik setelah September, para otoritas The Fed akan melakukan pertemuan pada pekan ini. Palladium naik.
Bullion untuk pengiriman segera turun sebanyak 0,3% menjadi $ 1,095.35 per ons, dan diperdagangkan di level $ 1,096.38 pada 9:00 pagi di Singapura, menurut harga Bloomberg. Logam ini turun selama lima pekan terakhir dan turun menjadi $ 1,077.40 pada hari Jumat, uang merupakan level terendah sejak Februari 2010.
Emas untuk pengiriman Desember naik 1% menjadi $ 1.097 per ons di New York Comex. Harga paling aktif turun 4,1% pekan lalu, jatuh ke level $ 1,073.70 pada hari Jumat, level terendah sejak Februari 2010.
Indeks Bloomberg Dollar Spot, yang menelusuri greenback terhadap 10 mata uang utama, sedikit berubah pada hari Senin setelah naik untuk pekan kelima. Para otorritas The Fed akan memulai pertemuan dua hari nya pada Selasa.
Perak untuk pengiriman segera naik sebanyak 0,5% menjadi $ 14,7513 per ons, dan berada di level $ 14,7151. Logam ini merosot ke level $ 14,3842 pada hari Jumat, yang merupakan harga terendah sejak 2009.
Platinum sedikit berubah pada $ 986,40 per ons setelah mundur ke level terendah enam tahun pada 20 Juli Palladium naik 0,2% menjadi $ 625,85 per ons, melanjutkan rebound di pekan lalu dari $ 596,75 pada 20 Juli, yang merupakan harga terendah sejak Oktober 2012 lalu.(yds)
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Asian Stocks Outside Japan Drop as Energy, Gold Producers Fall

PT. Equityworld Futures - Asian stocks outside Japan dropped, with energy producers, miners and information technology shares leading declines.
Santos Ltd., Australia’s third-largest energy company, fell 1.6 percent in Sydney after Brent futures extended losses. Newcrest Mining Ltd., the nation’s biggest gold producer, sank 10 percent after the precious metal tumbled to the lowest level since 2010. Innolux Corp. slid 6.3 percent in Taipei after Citigroup Inc. downgraded its rating on the supplier of screens to Apple Inc. Daewoo Shipbuilding & Marine Engineering Co. dropped 6.6 percent in Seoul, extending its record weekly drop.
The MSCI Asia Pacific Excluding Japan Index slipped 0.3 percent to 463.22 as of 4:03 p.m. in Hong Kong. The measure last week posted its biggest weekly advance since April as Chinese shares rallied amid speculation banks will support the market.
German Chancellor Angela Merkel held out the prospect of limited debt relief as crisis-ravaged Greece prepares to reopen its banks three weeks after they were shut. Monday is the day the country must reimburse the European Central Bank 4.2 billion euros ($4.5 billion), including interest, as bonds bought during its last debt crisis mature.
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