Asia stabilizes after soar

Asia stabilizes after soar

On Wednesday, Asian equities stabilized, taking a breather after the previous day's ascend and also unable to keep up with a global soar caused by revenues for tech equities on Wall Street as well as miners in Europe.

The US currency was buoyant versus the euro and yen before a gathering of key bankers later in the week.

MSCI's broadest index of Asia-Pacific equities outside Japan that initially tacked on to a two-week maximum, pulled back to fluctuate a bit following Tuesday’s 0.7% surge.

Australian equities slumped 0.4%, while South Korea's KOSPI gave back earlier modest revenues to stand intact.

Japan's Nikkei N225 managed to buck the trend, gaining 0.5% because the greenback strengthened versus the Japanese yen.

European shares had also soared overnight, underpinned by positive results from miners as well as a weaker euro.

Meanwhile, copper retreated from a three-year maximum, while other base metals dropped too or trimmed revenue.

 

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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