Asian equities dive as weakness in China markets affects mood

Asian equities dive as weakness in China markets affects mood

On Monday, Asian stocks declined, with market sentiment affected by a retreat on Wall Street as well as dipping Chinese shares, while the common currency skidded after German coalition negotiations hit an impasse.

MSCI's index of Asia-Pacific equities extended losses and slumped 0.2%.

Australian stocks headed south 0.1%, Japan's Nikkei stock average N225 lost 0.6%.

China shares dived abruptly after Beijing set sweeping fresh guidelines for the purpose of regulating asset management products. Market experts told that it could affect investor appetite for risky assets.

The Shanghai Composite index inched down 0.8%, China's blue-chip CSI300 Index declined 0.7%.

On Friday, the Dow Jones Industrial Average lost 0.4%. Additionally, S&P 500 decreased 0.3% and the Nasdaq Composite headed south 0.2%.

Versus the Japanese yen, the evergreen buck stood still sticking to 112.01, having dropped to 111.89, which is its lowest reading since October 16.

Similar

American futures tack on

On Thursday, American equities jumped a bit due to the fact that market participants set aside fears over the everlasting trade conflict between China and America and turned their focus to economic data as well as earnings out later in the trading…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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