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?
Asian equities are mixed with Nikkei neglecting North Korea missile test
On Wednesday, Asian equities were quite mixed, with a shocking leap in Tokyo notwithstanding a missile launch by North Korea early in the morning, which rattled risk views.
Japan’s Nikkei 225 managed to grow 0.40% because defensive equities came into play and Australia’s S&P/ASX 200 rallied 0.63%.
Meanwhile, the Shanghai Composite headed south 0.55%, the Hang Seng index lost 0.33%.
The isolate North Korean regime claimed the successful test of its new Hwasong-15 ICBM. Pyongyang added that the new missile is capable of reaching all of the US mainland.
On Wednesday, Donald Trump responded to the latest North Korean missile test, telling that the US government will take care of it. However, he gave no details on what measures the White House might take to resolve the North Korean issue.
Overnight, key American indexes concluded at record maximums, with the Dow Jones industrial average edging up 1.09% to conclude at 23,836.71.
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