Stock Market Report: Real-time Updates on Dow and S&P for June 19
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Asian Stock Market Slumps as Chinese Tech Companies Lead Declines; Stimulus Expectations Reset after Key Meeting Yields Few Details
On Monday, Asian shares experienced a decline, primarily driven by the downfall of Chinese technology companies. Investors adjusted their expectations regarding further stimulus from China following a crucial meeting that provided scant information on a stimulus package.
The region's shares, as indicated by a gauge, dropped by 0.7%. Mainland China and Hong Kong benchmarks, along with Japanese and South Korean shares, all witnessed declines. However, Australian stocks remained relatively stable, edging up by approximately 0.6%. Meanwhile, European stock supplies also faced a downturn, while U.S. stock and bond markets were closed on Monday due to the holiday.
