The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Asian equities hit 10-year maximum as Wall St. hits records
On Wednesday, Asian equities wobbled, while still marking a 10-year maximum, cheered by record peaks on Wall Street. At the same time stocks of Apple Inc's suppliers declined following the publication of the latest iPhone.
MSCI's index of Asia-Pacific equities moderately declined, having ascended to its highest value since October 2007. Additionally, Australian stocks grew 0.2%, Korean equities KS11 surged 0.1%.
On Tuesday, the S&P 500, Nasdaq Composite and Dow Jones industrials all marked record peaks because investors' worries faded about North Korean tensions and the impact of Hurricane Irma.
American revenues were kept in check, by a dip in equities of Apple Inc after it disclosed its newest line of iPhones. Apple descended 0.6%, although pared some dips in afterhours trade.
In Japan, Nikkei stock index N225 inched up 0.5% reaching a one-month maximum, getting a tailwind because the Japanese yen stood far away for its recent leaps.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
RBA Rate Statement is released on Tuesday at 07:30 MT time.
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.