On Tuesday, US stock indices inched up because investors reacted positively to the news of the outcome of the next round of trade negotiations between the United States and China…
Asian equities are caught tumbling
On Tuesday, Asian equities mostly lost, although Hong Kong shares managed to rebound from early weakness after the Lunar New Year holiday.
The Hang Seng Index went down 0.3%, having dived 1.3% when key financial equities, particularly China-based businesses, faced weakness. Tencent 0700 along with HSBC HSBC, both rallied approximately 1%.
While on Tuesday after the holiday stock trading might have resumed in Hong Kong, other Asian shares headed south after Monday’s huge revenues.
The sag took place as EU equities rebounded overnight. S&P 500 futures dived 0.2% before Tuesday’s start to a short trading week in America.
With China’s markets unavailable until Thursday due to the holiday, market participants need to be cautious as for excessively reading into recent price action because of extremely thin volumes, as some financial analysts pointed out.
The Nikkei Stock Average, which turned to be the top notch performer is the Asia-Pacific region on Monday, boasting a 2% ascend, faced a tough Tuesday, losing 1% during afternoon trade. As for Electronics as well as financial equities, they headed south.
The selling took place even as the currency pair USD/JPY, widely declined against other currencies. Versus the evergreen buck, it showed ¥106.86 compared to Monday’s reading of ¥106.49.
South Korea’s Kospi index SEU went down 1.2%. Besides this Samsung Electronics slumped 1.5%, thus stretching Monday’s 1.3% dive. Equities rallied 9.6% the previous week, which is the most impressive outcome for 2 ½ years.
As for other key regional stock benchmarks, on Tuesday they slumped no more than 0.3%. In Taiwan financial markets are going to reopen on Wednesday following a week-long holiday break.
Apart from stocks, Brent crude futures dived 0.4% in Asia following Monday’s 1.3% leap.
BTCUSD managed to surge to $11,400, proceeding with its rebound from February’s minimum of $5,947.
On Tuesday, stock indices of the Asia-Pacific region mostly declined notwithstanding the growth of quotations on Wall Street because investors looked for fresh signals after the tension in trade between the US and China receded…
On Monday, American equities mostly ascended…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…