Asian equities go down on slumping China’s exports

Asian equities go down on slumping China’s exports

On Monday, Asian equities tumbled following a substantial contraction in China’s exports that hinted at deepening cracks in the world's number two economy and increased worries of a steeper deceleration in global surge as well as and corporate profits.

As a matter of fact, E-minis for the S&P 500 went down by 0.8%, thus indicating increased risk aversion. As for spreadbetters, they demonstrated a poor start for the European bloc, while FTSE futures went down by 0.4%.

China’s fresh data disclosed that in December imports went down by 7.6% year-on-year, while experts had hoped for a 5% ascend. Besides this, exports suddenly went down by 4.4%, confounding hopes for a 3% leap.

The dismal numbers backed worries that American duties on Chinese experts were starting to heavily impact the Chinese decelerating economy.

Decelerating demand in China is already being perceived around the globe, with decelerating sales of goods varying from cars to iPhones.

A major indicator of global risk sentiment as well as a liquid proxy for China’s Yuan, the Australian dollar rebounded from a one-month maximum of $0.7235 recorded on Friday to $0.7186 following the dismal data.

Besides this, MSCI's index of Asia-Pacific equities went down by 1% from Friday's 1-1/2 month maximum, thus demonstrating its most impressive single-day slump since January 2.

As for Chinese equities, they found themselves in the red. The blue-chip index CSI300 headed south by 0.7%. The Hang Seng index dived by 1.5% in Hong Kong, while Australian equities AXJO rebounded from early gains, concluding the trading session generally intact.

Some financial analysts expect Monday's trade report to provide impetus to the Chinese cabinet to tackle the trade dispute with America.

The world's two leading economies have been negotiating for months with the aim of resolving their bitter trade conflict, without any signs of any significant progress in talks.


Asian stocks go up

On Thursday, Asian stocks rallied after the major US bank took a more accommodative stance at its policy gathering, although worries over US-China trade negotiations and decelerating global surged capped broad profits and suppressed some markets…

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


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