Asia-Pacific equities generally slip
On Tuesday, the stock indices of the Asia-Pacific region generally dived in the face of soaring worries as for the global trade conflict between America and other leading economies. Apparently, the Trump administration's plans for investment limits spurred risk aversion. During Asia trade crude rallied following the night’s sag.
The Australian market increased losses from the previous trading marathon after downbeat signals from Wall Street in the face of heightened worries as for the trade conflict between America as well as other large economies and also amid lower commodity prices.
Among the top-notch miners, the equities of BHP Billiton as well as Rio Tinto lost nearly 2%, while Fortescue Metals headed south by over 1%.
In addition to this, the gold mining company Evolution Mining ramped down its capitalization by approximately 0.3%, while Newcrest Mining tacked on up to 0.6% after gold inched down.
As for the market value of Woodside Petroleum, Oil Search and Santos, they dived 0.4%-1.4% because crude edged down at night.
As for the banking space, the equities of ANZ Banking, National Australia Bank, Westpac, Commonwealth Bank slumped 0.1%-0.6%.
At the same time the Japanese market demonstrated a moderate dive. It took place because of everlasting worries as for the global trade conflict.
Among the main exporters, one should point to the equities of the following high-tech giants of Japan: Sony, Panasonic, Canon and Mitsubishi Electric. The equities of these well-known companies headed south in the range of 0.6%- 1.5%.
Aside from that Japanese car makers Toyota and Honda diminished their capitalization by respectively 0.3% and 0.1%. At the same time in the banking sector, Mitsubishi UFJ Financial managed to add 0.5% of the value of its securities. Besides this, Sumitomo Mitsui Financial was able to come up with a 0.3% jump.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.