The worse-than-expected earnings may press Walmart down!
Asian equities decline as mounting Korea tensions back safe-have demand
On Friday, Asian stocks inched down steeply, affected by tough language between America and North Korea, which has drove safe haven demand.
In South Korea KOSPI lost 1.71%, Japan's Nikkei 225 went down 0.05%. Besides this, the Hong Kong index declined 1.87%, the Shanghai Composite decreased 1.60%, the Australia S&P/ASX 200 slid 1.30%.
Donald Trump warned of fury and fire earlier this week if North Korea kept threatening his country. However, on Thursday, Donald Trump didn’t consider this statement tough enough. He added that North Korea should be extremely nervous when planning the attack.
American equities slumped after the close on Thursday because losses in the Technology, Financials as well as Industrials sectors suppressed shares.
The Dow Jones Industrial Average lost 0.93% at the close in NYSE. Meanwhile, the S&P 500 index edged down 1.45%, the NASDAQ Composite index sank 2.13%.
Twitter reported encouraging earnings results. Cisco's earnings beat estimates, but revenue declined for the fifth quarter in a row.
Stocks rise and drop on their earnings reports. Let's review those which reported recently.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.