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Asian equities ascend as NKorea seems to scale back on Guam threat
On Tuesday, Asian equities posted revenues in a light regional trading day, with North Korea apparently drifting away from its recent threats to fire ballistic missiles at the US territory of Guam.
The Nikkei 225 rallied 1.27%, the S&P/ASX 200 managed to jump 0.71%. As for South Korean markets, they were unavailable for a holiday.
The Shanghai Composite edged up 0.64%, the Hang Seng grew 0.29% in Hong Kong.
Overnight, Wall Street concluded higher because North Korea tensions relieved, thus raising demand for risker assets ahead of earnings from Home Depot as well as Wal-Mart due later this week.
Technology along with financial equities lead broad move higher in American stocks because market participants piled back into stocks, reacting to the previous week’s tumble, after US Defense Secretary Jim Mattis and also Secretary of State Rex Tillerson understated the overall risk of a war conflict on the Korean peninsula.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.