Inflation and interest rate hikes, and the fear it will drive recession continued to dominate investment markets over the last week.

The second quarter report was the weakest GDP printing in China since the first quarter of 2020 when Pandemi Covid was first beaten.

Frederic Neumann, co-head of the Asian economy at HSBC, said it was not a big surprise given the severe disorder in logistics and consumption during COVID locking. However, he said the weak GDP report showed that the recovery was not as strong as expected.

That means the economy is not true -actually has tailwinds, even to the third quarter,” he told CNBC’s “Street Signs Asia” on Friday.

Maybe the message here is that we need more stimulus, above what was announced in the last few weeks and months,” he added.

The Asia-Pacific Market is mixed
In Australia, S&P/ASX 200 fell 0.77%.

Kospi South Korea fought for direction and finally 0.34% was higher, while Kosdaq lost 0.31%.

Nikkei 225 Japan is 0.59% higher, while the Topix index is around flat.

Quick retail shares owner of the Uniqlo-owner jumped 8.06% after the company posted a quarterly profit record after closing on Thursday, Reuters reported.

The area of ​​the Asia-Pacific shares of MSCI outside Japan fell 0.33%.

Most of the main indexes in this region tend to be lower this week.

Inflation and interest rate increases, and fear will encourage the recession to continue to dominate the investment market for the past week,” Shane Oliver, head of economist at AMP Capital, wrote in Friday’s note.

Separately in China, Bank and Real Estate shares were beaten Thursday because the buyer of a mortgage payment boys for unfinished property projects.

South China Morning Post reported Thursday night that the boycott had grown, with buyers of more than 230 properties in 86 cities that did not make mortgage payments.

Larat Tanah and China’s investment lost 1.3% and Longfor shares fell 4.52% on Friday.

U.S. Stock Index. slipped Thursday after the bank’s revenue was disappointed.

Dow Jones Industrial Average shed 0.46%, or 142.62 points, to 30,630.17, while the S&P 500 fell 0.3% to 3,790.38. Nasdaq composite moves 0.03% higher until completed at 11,251.19.