Stock market is bleeding: what do you need to know
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?
Asian equities are fragile as Trump turmoil and Korea tensions add pressure
On Monday, Asian equities were fragile because market participants remained quite unconvinced regarding Donald Trump's ability to comply with his economic agenda, even notwithstanding the recent departure of his controversial policy strategist drove hopes of some progress.
In Japan, Nikkei lost 0.3% reaching a 3-1/2-month minimum, shrugging off a Reuters survey that showed in August confidence at Japanese manufacturers got to its highest value in a decade.
MSCI's broadest index of Asia-Pacific equities outside Japan stood in the black due to moderate revenues in China, though many financial markets, including South Korea and Australia, found themselves in the red.
European equities are expected to go down, with spread-betters facing a lower start of 0.3% in the British benchmark FTSE, and also 0.2% in France's CAC.
S&P Mini futures decreased 0.1% being worth 2,424, which is not far from their one-month minimum of 2,419.5 hit on Friday.
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What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
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