Asian Markets React to China's Bond Purchase Pause

Stock markets across the Asia-Pacific region experienced a downturn this Friday, following the People's Bank of China's announcement to pause treasury bond purchases due to a short supply. This move has stirred concerns among investors about the potential impact on global financial markets.

UN Adjusts China's Economic Growth Projection

In a related development, the United Nations has revised its economic growth forecast for China in 2025 upwards to 4.8% from the previous estimate of 4.5%. This adjustment reflects a more optimistic outlook on China's economic recovery and growth prospects.

Market Movements Across Asia

As of 3:21 am CET, notable movements were observed in major Asian indices. The Nikkei 225 fell by 0.55%, the S&P/ASX 200 lost 0.77%, the Shanghai Composite dropped 0.31%, and the Shenzhen Composite declined by 0.5%. Meanwhile, the Kospi Composite remained flat, and the Hang Seng saw a slight improvement of 0.15%.