US equities went down, with Dow diving the eighth consecutive day…
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%.
On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…
On Thursday, stock indexes of the Asia-Pacific region came up with different directions after quite mixed signals from Wall Street that showed the absence of any fresh developments in the trade relations between China and the United States of America…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…