GLOBAL MARKETS-Asia Stocks Slugged by South Korea Turmoil, China Disinflation

December 09, 2024, 09.19 AM | Source: Reuters
GLOBAL MARKETS-Asia Stocks Slugged by South Korea Turmoil, China Disinflation

ILUSTRASI. Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower

GLOBAL MARKET - SYDNEY. Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while U.S. inflation data are the last hurdle to a further policy easing there.

Chinese figures out on Monday showed the consumer price index fell a surprisingly large 0.6% in November, pulling annual inflation down to just 0.2% and underlining the need for more drastic policy stimulus.

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