A man runs from previous buildings in Beijing, China on 8 April 2025 in the Central Trade District (CBD).
Tingshu Wang | Roots
The Asia-Pacific market collapsed on Monday as investors assess the latest slate of economic data from China and Moody’s US credit ratings downgrade.
Hong Kong’s Hang Seng index declined by 0.73%, while CSI 300 0.48%of the mainland Chinese fell.
Japan benchmark Nikkei 225 0.54% slipped, while the topics lost 0.36%. South Korean Kopy There was a decline of 0.47% and the small-cap Kosedack did 0.77% less trading.
Australia’s benchmark S&P/ASX 200 was below 0.15%.
The Reserve Bank of Australia kicks its two -day meeting.
On Friday, Moody’s ratings rated the US sovereign credit rating from AAA to AA1 below one level, citing increasing challenges in federal budget deficit financing and increasing cost of reinforcing loans in a high-toe-rate environment.
With this downgrade, Moody has joined the rank of other major rating agencies. S&P took the first step in 2011, and Fitch followed the suit in 2023, both reduced the US rating to AA+.
Moody’s latest ratings can cause a decline in itself, which may not cause a major sales in American stock and bond markets seen from 2011 and 2023 ratings downgrade, the investment strategy team’s OCBC managing director Vasu Menon said in a note.
He said, “It strengthens concerns about increasing US budget deficit and debt, but they are not new and have been discussed in the last few months and even years.”
American stock futures declined after the S&P500 posted a four -day rally to encourage temporary tariff cuts and inflation reports of the US and China. Dow Jones futures futures tied to an industrial average, 292 points, or 0.7%. S&P 500 futures slipped 0.7%, while NASDAQ 100 futures fell 0.8%.
On Friday, three major average mixed closes closed on Friday. The S&P 500 increased for the fifth season and posted a sharp weekly benefits, as investors saw the release of disappointing consumer spirit data and constant inflation concern.
The broad market index climbed 0.70% to end at 5,958.38, while the NASDAQ composite increased by 0.52%, which was closed at 19,211.10. Dow Jones Industrial Average increased by 331.99 points or 0.78%, settling at 42,654.74. Friday’s advance put the 30-stock benchmark in a positive area for 2025.
– Brian Evans, Piya Singh and Tanaya Machel of CNBC contributed to this report.
