Part 6/8:
As markets digested the aftermath of the U.S. budget deadlock, Asian stocks continued to experience declining trends. Analysts pointed out that this marked a losing streak for Asian benchmarks not seen since early spring, driven largely by fears surrounding inflation, interest rates, and international monetary policy shifts.
Chinese monetary authorities made headlines by leaving loan prime rates unchanged as they navigate the complexities of a slowing economy. However, the bond market has responded positively to the backdrop of anticipated easing measures, pushing the yield on the one-year bond below 1% for the first time since 2009.