Asian equities edge down after tech shares dip on Wall Street

Asian equities edge down after tech shares dip on Wall Street

On Tuesday, Asian equities slid a bit following a lackluster trading session on Wall Street where technology shares went down.

Japan’s Nikkei 225 index dived 0.3% because the Japanese yen rallied versus the greenback. Market participants are closely watching the US tax legislation as well as Brexit talks.

Aside from that the Kospi soared 0.2% in South Korea trading at 2,507.44, the Shanghai Composite index lost 0.2% demonstrating an outcome of 3,303.05. Stocks in Southeast Asia mostly gained, Taiwan decreased. In Australia the S&P ASX 200 sank 0.2% reaching 5,971.80.

Meanwhile, on Wall Street telecom equities, financial institutions as well as other sectors, standing to benefit the most from the government’s drive to cut corporate tax rates, rallied, although technology shares dived, giving up a chunk of the revenues, which made them the best-performing part of the market by far in 2017.

Similar

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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.

Callback

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!

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