Asian equities ascend on China rebound

Asian equities ascend on China rebound

On Friday, Asian shares managed to gain, rebounding from nine-month minimums right after China softened foreign investment limits, although underlying sentiment was affected by concerns over trade frictions a week before initial American as well as Chinese duties were set to come into effect.

MSCI's index of Asia-Pacific equities jumped by nearly 1%, while Australian stocks didn’t change.

Additionally, Japan's Nikkei stock index declined by about 0.3%, South Korea's KOSPI headed south a bit.

Having dived to fresh two-year minimums on Thursday, Chinese equities bounced off on Friday. The given leap was driven by news that the Chinese government would soften foreign investment curbs on such sectors as cars, heavy industry, banking and agriculture.

On Thursday, China’s key financial institution told that it would do its best to maintain market liquidity rich enough.  

The blue-chip CSI300 index managed to leap by approximately 1.5%, the Shanghai Composite index rallied by 1.1%.  Nevertheless, this year the CSI300 and Shanghai Composite turned out to be the world's two top losing key indexes. Moreover, they’re set for their worst monthly outcome since January 2016.

The Hang Seng index tacked on by up to 1.2% in Hong Kong.

Notwithstanding Friday’s bump, market experts downplayed the influence of China's relaxing of investment limits on broader trade issues.

However, it might not be enough to relieve current tensions, with America calling for greater market access as well as fairer competition for foreign businesses.

Meanwhile, in the region, market participants were focused on worries as for global trade because the American ambassador to China told that the US government wasn’t assured that China is eager to make fast progress in resolving trade issues.

On Friday, the Chinese Yuan tumbled to 6.6441 against the evergreen buck, thus demonstrating its lowest value since November.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera