There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Asia stocks edge down on Fed minutes
On Thursday, most Asian stock markets went down following minutes from the Fed’s last meeting, which revealed a lack of consensus on the future pace of American interest rate hikes, while crude prices tacked on following yesterday’s steep dip.
Outside Japan MSCI's broadest index of Asia-Pacific shares headed south 0.2%. Japan's Nikkei went down 0.3% as a stronger yen affected the outlook for export earnings.
South Korea's KOSPI decreased 0.2%, while Australian stocks slumped 0.3%.
Meanwhile, China's blue chip CSI 300 index showed a 0.2% sink, while Hong Kong's Hang Seng lost 0.1%.
This week trading in Asia has been impacted by tensions on the Korean peninsula. North Korea dared to fire a missile. As US officials state, it happened to be an intercontinental ballistic missile. It fell into Japanese waters.
On Wednesday, the United States told it was ready to employ force if required to stop North Korea's nuclear missile program, though added it preferred global diplomatic action versus Pyongyang.
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?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N