Asia-Pacific stocks are mixed
On Friday, Asia-Pacific stock indices were quite mixed amid cautious trading after US President Donald Trump dared to cancel the highly anticipated summit with North Korean leader Kim Jong-no and also accused North Korea of showing great anger as well as open hostility. Prolonged emotions about trade wars also greatly impacted the mood of investors.
However, some of the markets in the region have regained earlier losses after North Korea stated that it’s ready for negotiations with the United States notwithstanding the cancellation of the meeting by Trump.
The Australian market tumbled after dismal signals from Wall Street. Banks, mining and crude companies declined, gold and mining stocks gained.
Shares of BHP Billiton dived by more than 1%, Fortescue Metals lost by 1%, and Rio Tinto went down by 0.5%.
Westpac, Commonwealth Bank and National Australia Bank went down in the range 0.3%-0.9%, while ANZ Banking tumbled less than 0.1%.
Besides this, Santos equities dived by 0.5%, Oil Search went down by nearly 1%, while Woodside Petroleum edged down more than 2% after crude prices sank during the night.
The market value of Evolution Mining declined by nearly 2%, Newcrest Mining lost more than 1% after the price of gold rallied overnight.
The Japanese market recovered after a poor start, as North Korea told it was ready to resolve issues with the United States notwithstanding the cancellation of the summit.
Canon stocks tacked on 0.2%, while the market value of Mitsubishi Electric went down by 0.1%, Sony lost 1% and Panasonic edged down by 0.3%.
Among the car makers, Toyota and Honda diminished their capitalization by respectively 1% and 0.4%.
In addition to this, equities of Kirin Holdings inched up more than 4%, Sumitomo Dainippon Pharma gained nearly 3%, while IHI Corp. acquired more than 2%.
Similar
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…
Latest news
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…
Deposit with your local payment systems
