Asia-Pacific stocks demonstrate different directions

Asia-Pacific stocks demonstrate different directions

On Wednesday, stock indices of the Asia-Pacific region showed mixed performance because Chinese production data turned out to be gloomy, and this week investors kept focusing on the outcomes of the meetings of the Fed and the Bank of England.

The two-day gathering of the Federal Reserve is going to conclude today. It’s expected that interest rates are going to stay intact, although investor are likely to closely follow the bank’s statement in order to learn about the prospects for tightening of the main financial institution’s policy.

It’s believed that on Thursday the Bank of England will probably have interest rates raised for the second time after the global financial meltdown in 2008.

Market participants also analyzed the news that the Trump administration intends to slap a 25% duty on imported Chinese goods worth $ 200 billion having imposed a 10% duty earlier for the purpose of putting pressure on the Chinese government and get a number of concessions.

In China, the Shanghai Composite Index headed south by 1.80% after the publication of dismal data on the index of activity in the manufacturing sector. The latest survey conducted by Caixin disclosed that China's manufacturing sector kept expanding in July, although at a weaker tempo. In July, PMI sagged to 50.8 from June’s reading of 51.

Additionally, Japanese stocks concluded up due to a weaker yen as well as upbeat outcomes regarding corporate revenue from Sharp, Sony and Nintendo.

The equities of Sharp Corp went up by 7.2%. Sony managed to ascend by 4.8%. As for Nintendo, it ramped up its capitalization by nearly 6.4% after its revenue for the first quarter jumped by 44% and sales of Nintendo Switch games went up too.

In July, the manufacturing sector in Japan kept expanding, although at a weaker tempo, as the latest Nikkei survey disclosed.

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera