Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia’s inflation rises
- Real estate stocks in Hong Kong dropped as Asia-Pacific markets traded mixed on Wednesday. Investors also looked forward to the Fed’s policy decision.
- Prices in Australia rose 6.1% in the second quarter compared to the same period a year ago, up from 5.1% in the first quarter of the year. Economists polled by Reuters saw inflation hitting 6.2%.
- The International Monetary Fund on Tuesday cut its global GDP forecasts for 2022 and 2023. It now expects growth to come in at 3.2% this year, 0.4 percentage points lower than its April projection.
https://www.cnbc.com/2022/07/27/asia-markets-australia-inflation-cpi-economic-growth-currencies.html
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