Asian equities jump
On Tuesday, Asian equities managed to surge due to the fact that market participants mostly neglected the latest round of American levies on $200 billion of China’s products set to come true next week.
Eventually, Chinese stocks rallied after a rough stretch, demonstrating minor initial reaction to America confirming that another round of import levies are on the way. As a matter of fact, the Shanghai Composite SHCOMP having notched an almost four-year minimum on Monday rebounded to add 1.8%. As for the smaller-cap Shenzhen Composite399106, it ascended by 1.7%.
On Tuesday, Hong Kong equities revived, having sunk for 10 of 14 trading session. The Hang Seng HIS jumped by 0.6%. Besides this, Tencent 0700 inched down by 0.4%.
After Monday’s holiday, in Japan trading resumed, with the Nikkei NIK adding 1.4% to reach fresh 7½-month maximums. Big insurers made their contribution too, including a more than 4% profit for Dai-ichi Life 8750 as well as a 4.8% jump for T&D8795 due to the fact that 10-year Treasury yields got back to 3%. Besides this, 10-year JGB yields TMBMKJP-10Y acquired half basis point hitting 0.12%.
Tech names initially slumped reacting to the tumble in the Nasdaq on Monday, although some managed to regain.
Tokyo Electron 8035 initially slumped by nearly 2% before reviving to lose no more 0.3%.
The currency pair USD/JPY kept rebound, soaring to ¥111.80, thus backing some Japanese export equities.
The Kospi SEU managed to acquire by 0.3% in South Korea because the leaders of North and South Korea started a three-day summit. As a matter of fact, Samsung 005930 jumped by 0.8%. Besides this, the Taiex Y9999 went down by 0.6% in Taiwan because tech names, including Taiwan Semiconductor 2330 as well as Largan Precision 3008 declined.
Meanwhile, the ASX 200 XJO lost 0.3% in Australia.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…