On Friday, Turkey stocks headed south after the close due to the fact losses in the Tourism, Transport, and Real Estate Investments sectors led shares down…
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 Thursday, Asian stocks went down after losses on Wall Street, although trade was subdued due to the fact that market participants waited for business polls in the European Union and were mostly on the sidelines ahead of the long Easter weekend holiday…
On Wednesday, Wall Street's key indexes stood still because a Qualcomm-led soar in chipmakers was compensated by a dive in healthcare shares for the second straight trading marathon, although quarterly gains came in largely positive…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…