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Asian stocks saw a dip on Monday due to disappointing economic growth in China and uncertainty over U.S. politics after an attempted assassination on former President Donald Trump. Trading volumes were low due to a Japanese market holiday, but Wall Street’s positive lead-in on Friday helped limit losses in Asian markets. Chinese markets were flat, with Hong Kong sliding on weak GDP growth. Concerns over slowing economic growth and high unemployment in China impacted consumer spending. Australia’s ASX 200 outperformed, reaching record highs driven by banks and mining stocks. Investors were attracted to Australia due to its lower tech weightage and potential for lower interest rates.Overall, investors are cautiously watching for signals on stimulus from the Third Plenum of the Chinese Communist Party.
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Vocabulary List:
6 words · tap to reveal
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Accent
Disappointing/ˌdɪs.əˈpɔɪn.tɪŋ/adjective
Failing to meet expectations or hope.
Uncertainty/ʌnˈsɜːr.tənti/noun
The state of being unsure or having doubt.
Volatility/ˌvoʊl.əˈtɪl.ɪ.ti/noun
The quality of being subject to frequent change or variation.
GDP/ˌdʒiː.diːˈpiː/noun
Gross Domestic Product; the total value of goods produced and services provided in a country during one year.
Stimulus/ˈstɪm.jə.ləs/noun
Something that incites to action or exertion.
Plenum/ˈplɛnəm/noun
A meeting of all members of a group typically for discussion or decision-making.
