Asian equities go down on everlasting tech woes
On Thursday, Asian equities went down after a tech-led rebound on Wall Street. Meanwhile, the safe haven Japanese yen declined versus the US currency on Thursday in the face of perceived progress on North Korea tensions.
MSCI's index of Asia-Pacific equities dived 0.2%.
Shanghai tacked on 0.05%. In Hong Kong, the Hang Seng headed south 0.35%, while Australian equities slumped 0.4%.
In Japan, the Nikkei index inched up 0.6%, with the weaker yen backing exporter stocks, while South Korea's KOSPI managed to gain 0.1%.
Wall Street concluded lower following Wednesday’s rocky trading session because revenues in consumer staples as well as healthcare were compensated by an abrupt dive in Amazon equities as well as an everlasting decline in technology shares.
Asian shares are expected to gain support from relieving tensions as for North Korea.
The Japanese yen, which is often purchased in times of political tensions and market turmoil, managed to retrace the revenues it made versus the evergreen buck previously in the week.
The US currency hit 106.580 yen having soared 1.4% on Wednesday, drifting away from a 16-month dip of 104.560 reached on Monday.
Besides this, the evergreen buck managed to soar versus other currencies. Against a group of six main currencies the US dollar index showed 89.987 having hit a one-week maximum of 90.147.
This month global markets were affected when Donald Trump made up his mind to have tariffs imposed on China’s goods and Beijing threatened to do the same.
The common currency was a bit higher demonstrating at $1.2323 having lost 0.75% on Wednesday.
The British pound stood still showing $1.4074 having lost 0.5% overnight because UK retail sales inched down in March for the first time for five months.
The 10-year American Treasury revenues accounted for 2.786% having hit a near two-month minimum of 2.743% overnight on diving Wall Street equities.
Similar
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Latest news
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…
Deposit with your local payment systems
