Global Market Report - January 22

The IMF's warning on global growth and China's poor GDP figures continue to weigh on sentiment towards equities

James Gard 22 January, 2019 | 10:52AM

Global Market Report

Asia

Chinese markets went into reverse on Tuesday after a recent attempt to recover from December’s slide. A loss of over 1% for the Shanghai Composite Index took it back below 2,600 points, a level it has yet to hold above since last month’s sell-off.

After yesterday’s news that China’s growth has hit a 28-year low, President Xi Jinping has warned of the possible consequences of a slowing economy, including social unrest. A “healthy economy and social stability” are priorities, according to state news.

Hong Kong’s Hang Seng also slipped back, but remained just above 27,000 points.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Inc582.23 USD0.01
Ford Motor Co6.93 USD-0.43
Intel Corp48.57 USD-0.72
JPMorgan Chase & Co97.24 USD0.03
Procter & Gamble Co132.71 USD-0.55
Starbucks Corp75.66 USD-0.16

About Author

James Gard  is content editor for Morningstar.co.uk

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