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 Amazon.com 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.

Similar

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