On Wednesday, Asia-Pacific stocks closed with a tumble in general. Safe-haven assets such as gold and the Japanese yen went up after US President Donald Trump told that he’s still dissatisfied with the US trade negotiations with China, and that there is a great chance that the highly anticipated summit with North Korean leader Kin Jong-no in June might not take place because North Korea rejected strict US demands as for denuclearization.
Chinese markets headed south because coal stocks tumbled after authorities dared to intervene in the coal market for the purpose of cutting prices. The base index of the Shanghai Composite dived approximately 1.41%, the Hong Kong Hang Seng Index dipped up to 1.82% at the end of the trading session.
Japanese stocks decreased most for two months, as a stronger Japanese yen lowered the share of exporters. Additionally, mixed production data also affected the mood of traders.
The manufacturing sector in Japan kept expanding in May, although more slowly. The latest Nikkei survey uncovered that PMI production accounted for 52.5, compared to April’s reading of 53.8.
In addition to this, equities of Mitsui OSK Lines, Kawasaki Kisen as well as JFE Holdings went down by about 3%.
Australian stocks went down for the fifth consecutive session, and shares of energy companies were put under pressure after Santos declined a $ 10.8 billion acquisition of Harbour Energy.
Besides this, the shares of Santos headed south by up to 8.4%, while Woodside Petroleum, Origin Energy as well as Oil Search lost approximately 1%-2% of the value of their shares.
As for shares in Seoul, they managed to tack on. Heavyweight heavyweight Samsung Electronics increased its capitalization by about 3.6%. At the same time SK Hynix chipmaker received as much as 7% of the value of its shares.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
