Asian equities dive as American tech companies experience more scrutiny

Asian equities dive as American tech companies experience more scrutiny

On Wednesday, Asian equities headed south right after Wall Street was knocked heavily by worries as for tighter controls on the tech industry, thus affecting a brief global shares revival powered by expectations that the risk of a US-China trade conflict was relieving.

MSCI's index of Asia-Pacific equities MIAPJ0000PUS headed south 0.9%, with tech-heavy Korean stocks KS11 diving 1.4%.

In Japan, the Nikkei N225 inched down 2.1%.

Meanwhile, the S&P 500 decreased 1.73%, the Nasdaq Composite sagged 2.93%, making their fourth dive for five trading sessions.

On Tuesday, Facebook lost 4.9%, taking its losses to approximately 18% since March 16, exactly when the company first acknowledged the issue.

Besides this, Twitter headed south 12%, Google parent Alphabet decreased 4.5%.

Nvidia headed south 7.8% right after the chipmaker temporarily ceased self-driving tests around the world after an Uber Technologies Inc autonomous car had a female killed.

Worries as for trade clashes the United States and China lingered too, although new of behind-the-scenes negotiations between the both countries generated some optimism.

Meanwhile, the evergreen buck showed 105.51 yen, which is not far from Monday's 16-1/2-month minimum of 104.56. It’s because Japan’s currency was underpinned by the risk-averse mood.

The currency pair lost steam after poor euro zone economic data as well as remarks from European Central Bank policymakers pointing to low inflation.The common currency reached $1.2415.

On Tuesday, Germany's 10-year Bund revenue reached two-month minimum of 0.500%, having taken a downward move since reaching a 1-1/2-year maximum of 0.795% on February 15.

Additionally, the 10-year American Treasuries revenues dived to 2.770%, which is its lowest value for seven weeks. As for the two-year revenue, it demonstrated a result of 2.270%.

American WTI crude futures dived 0.8% hitting $64.72, Brent crude futures decreased 0.7% resulting in $69.62 per barrel.


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

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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