On Tuesday, American shares struggled for direction due to the fact that profits in Walmart compensated losses in financials, with trade negotiations between China and America in focus…
Asian equities keep retreating after Wall Street dive
On Wednesday, Asian equities kept rebounding following a steep dive on Wall Street overnight.
The Shanghai Composite as well as the Shenzhen Component slumped by respectively 0.1% and 0.3% in China.
US Trade Representative Robert Lighthizer’s office dared to accuse China of not changing its unfair practices as to its intellectual property as well as technology transfer policies.
Later this month American leader is expected to meet his Chinese rival Xi Jinping at the G-20 summit in Buenos Aires.
The Hang Seng Index tumbled by 0.3% in Hong Kong.
A Chinese travel website backed by tech company Tencent Holdings Ltd, Tongcheng-Elong Holdings Ltd managed to raise up to $180 million from an IPO in Hong Kong.
The given company sold up to 143.8 billion shares. The IPO generated far less than the $1 billion, which had been initially touted.
Sluggish markets along with a dive in the share price of Ctrip.Com International Ltd ADR made the company to diminish the IPO’s size.
Japan’s Nikkei 225 dived by 0.5%.
In addition to this, the KOSPI headed south by 0.3% in South Korea. The ASX 200 lost 0.2% in Australia.
The sink in Asian equities occurred after an abrupt dive on Wall Street overnight.
Besides this, the Dow Jones Industrial Average went down by 551.80 points concluding at 24,465.64. Moreover, the S&P 500 tumbled by 1.8%. As for te Nasdaq Composite, it lost 1.7% showing 6,908.82.
Aside from that, the Dow as well as the S&P 500 erased their profits for this year. For the year they have gone down by respectively 1% and 1.2%.
Furthermore, crude was gained attention after Trump came up with a statement, telling that America stands by Saudi Arabia notwithstanding the murder of the reporter and US resident Jamal Khashoggi by Saudi agents in October.
On Monday, British equities generally slipped after the close…
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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…