Asian equities inch down in the face of Wall Street sell-off

Asian equities inch down in the face of Wall Street sell-off

On Tuesday, Asian equities headed south in the face of strengthening trade tensions as well as concerns as for the worsening outlook for global tech giants. However, market participants paid attention to prospects of stronger world surge.

MSCI's index of Asia-Pacific equities demonstrated a 0.4% dive, versus losses of over 2% on each of the three American indices overnight.

The major American currency managed to stabilize versus the safe haven Japanese yen having dived for three straight days, while gold, often considered to be a universal store of value in times of political as well as financial uncertainty, headed south.

American Treasuries faced a bit of selling as well, with revenues on 10-year notes rebounding from two-month minimums.

Besides this, E-Mini futures for the S&P 500 tacked on 0.4%, while Dow futures rallied 0.2%.

Nikkei slumped 0.9% in Japan, having dived 1.6% at the start. Besides this, the Shanghai Composite index tumbled 0.4% in China, while the blue-chip CSI300 lost 0.7%.

On Monday, technology equities were heavily affected after Donald Trump had strictly criticized over the pricing of its deliveries across America.

So called FANG equities, including Google, Amazon, , Netflix and Facebook have been solely responsible for a multi-year uptrend in equities worldwide. However, the threat of government regulation has drastically spurred concerns as for their outlook.  

As a matter of fact, China's so-called tit-for-tat duties painfully affected the major US currency. However, on Tuesday it faced some buying in early Asia trade to conclude at 105.88 yen, sliding from a three-week maximum of 107.01.

In addition to this, the US dollar index turned to be a bit softer versus a pack of leading currencies.

On Monday, crude prices ascended having dived over 3.7%. However, surging Russian output along with the strengthening US-China trade dispute were still putting pressure.


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

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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