Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Asian equities decline with greenback on defensive
On Wednesday, Asian equities tracked Wall Street's decline overnight, while the evergreen buck stood on the defensive following renewed tensions in the Korean Peninsula.
MSCI's index went down 0.7%.
Japan's Nikkei N225 reached a four-month minimum and last tumbled 0.3%. Australian equities slid 0.6%.
Shanghai went down 0.4%, while Hang Seng lost 1% in Hong Kong.
In South Korea KOSPI slumped 0.3%, with car equities sagging on worries as for their sales in China. The index has gone down for the last four days.
Equities in South Korea are closely watching further risks from North Korea.
American shares dropped overnight, with the S&P 500 going down to its greatest single-day loss for three weeks.
The greenback posted losses versus the Swiss franc and the Japanese yen, thus reflecting the risk-averse mood in the broader financial markets.
The common currency stood still sticking to $1.1913 before Thursday's ECB policy gathering.
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.