Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
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.
Similar
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Latest news
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
What Can Rule the Roost in January 2023?
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
