Asian equities go down on everlasting tech woes

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

European equities dive

On Thursday, European stocks reversed early profits due to the fact UK Prime Minister Theresa May's cabinet was plunged into fresh downtime over Brexit, with cars as well as banking shares leading the divers…

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