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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 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…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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