Dow Jones Futures: Stock Market Rally Continues Bearish Trend; Chinese Economic Data Weakens
BEIJING (AP) — Asian stock markets followed Wall Street down on Wednesday after U.S. inflation was lower than expected amid unease about the impact of the spread of the coronavirus’s delta variant.
Shanghai, Tokyo, Hong Kong and Sydney all retreated, giving up the previous day’s gains.
Wall Street’s benchmark S&P 500 index fell despite data showing consumer prices rose at their slowest rate in seven months in August.
Hong Kong-traded shares in casino operators based in Macau, a gambling enclave and former Portuguese colony in southern China, plunged on reports of a possible crackdown on the industry.
Authorities plan a review of the industry before casino licenses are due to be renewed next year, the reports said.
Wynn Macau lost 28%, Sands China declined 30%, MGM China gave up 24% …
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