The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Asia-Pacific stocks mainly dip
On Friday, equities of the Asia-Pacific region closed mostly with a dive, when the trading conflict burst out again.
Market participants are waiting for the report on employment outside of American agriculture, expected to be uncovered a bit later today.
The Shanghai Composite Index in China headed south because the global provider of MSCI Inc. indexes. added up to 230 shares of China, included in the May stock exchange, in its major index of emerging markets as well as other indices.
The index of activity of purchasing managers Caixin that appears to be a key indicator of the state of China's manufacturing sector, accounted for 51.1 in May, the same outcome as in April, although the figure was a bit below market experts’ estimate of 51.3.
Japanese equities concluded a bit lower, as worries as for the global trade clash resumed, and Donald Trump understated the likelihood of reaching a quick solution with North Korea at the approaching summit.
While Fast Retailing equities went down by 1.7%, Mazda Motor managed to ramp up its capitalization by up to 1.2%. As for Toyota Motor, it shares rallied by 2.9%.
The market value of Olympus Corp surged by approximately 4% right after the activist investor ValueAct Capital turned out to be the key shareholder in the manufacturer of cameras as well as medical equipment.
According to the latest survey, conducted by Nikkei, the volume of industrial output in Japan kept soaring in May, although more slowly. In May, the index of business activity of the manufacturing sector from Nikkei accounted for 52.8 that is lower than the previous reading of 53.8.
Australian stocks went down a bit, while financial institutions suffered a lot.
ANZ equities went down 1.5%, after news that the bank experiences criminal charges about the alleged conduct closely connected with the placement of equities in the amount of about $2.5 billion in 2015.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.