Stock market is bleeding: what do you need to know
The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Asian equities dive across the board on American jitters
On Friday, Asian shares inched down across the board, taking a cue from a shaky Wall Street because political woes for Donald Trump threaten his tax cut as well as infrastructure spending initiatives.
Japan's Nikkei 225 sank 1.10%, South Korea's Kospi declined 0.21%.
Other financial markets in Asia tumbled, with the S&P/ASX 200 losing 0.72%. Meanwhile, in China, the Shanghai Composite decreased 0.20%, the Hong Kong Hang Seng index inched down 0.71%. Additionally, in China, July’s data on house prices revealed a 9.7% soar, versus a 10.2% surge reported in June.
Wynn Macau’s stocks descended 2.23% right after Hong Kong-listed subsidiary of Wynn resorts unviled a revenue of HKD 1.59 billion for the first half of 2017, surpassing the HKD 1.1 billion recorded for the same period of 2016.
Overnight, American shares concluded lower because the recent controversies absorbing Donald Trump powered worries that his pro-surge policies could be postponed, compensating positive reports showing that the US economy kept strengthening.
Similar
What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Latest news
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Will the GDP growth strengthen the CAD?
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
Deposit with your local payment systems
