Asian equities go down

Asian equities go down

On Tuesday, Asian equities declined, extending steep losses on Wall Street because technology companies bore the brunt of fears about decreasing demand, while the evergreen buck dipped after poor American data further affected confidence in the US dollar.

MSCI's index of Asia-Pacific equities went down by 0.9%.

The Shanghai Composite Index rebounded by 1%. Additionally, Australian equities dived by 0.9%, while tech-heavy South Korean equities went down by 0.8%.

Samsung Electronics declined by 1.8% and SK Hynix Inc lost 2.8% in South Korea. Japan's Tokyo Electron headed south by 1.4%. Advantest dipped by 1.2%, while Sony Corp shrank by 2.6%.

Japan's Nikkei went down by about 0.9%. The equities of Nissan Motor Co declined by 4.3%.

American equities were under great pressure on Monday. Nasdaq lost 3% because traders dumped Apple as well as various tech equities. Conflicting signals between Chin and America on their trade conflict contributed to caution.

The sink by American equities will cut short any attempt by stock markets to mount a sustained rebound. The matter is that investor sentiment has been impacted by the everlasting weakness in American technology equities.

Fears of a peak in corporate earnings surge in the face of soaring borrowing costs, decelerating global economic momentum as well as international trade clashes provoked a shakeout in equities for the last two months.

Meanwhile, the evergreen buck struggled at a near two-week minimum versus a group of its key counterparts.

The US currency was affected by data uncovered on Monday, which disclosed that American home builder sentiment demonstrated its steepest one-month sink for more than 4-1/2 years in November.

In addition to this, the greenback had also been affected after Fed Vice Chair Richard Clarida along with Dallas Fed President Robert Kaplan raised worries over a potential global deceleration.



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

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.


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