Asian equities slide on trade concerns

Asian equities slide on trade concerns

On Thursday, the New Year soar in Asian equities petered out because of worries as for soaring American protectionism, and bonds rebounded after China's regulator informed a report about Beijing slowing or even stopping of its American bond purchasing was wrong.

Bitcoin inched down more than 11% after South Korea told it was working out a bill to finally ban trade in the cryptocurrency.

MSCI's index of Asia-Pacific equities lost 0.5%, diving further from Tuesday's 10-year maximum. As for Japan's Nikkei, it also decreased 0.5%.

American Treasuries pared some of their losses, bringing down the 10-year yield to about 2.531% from Wednesday's ten-month maximum of 2.597%, reached after a Bloomberg report that China’s actually considering slowing or stopping its purchases of American Treasury bonds.

On Wednesday, American stocks snapped their New Year soar, while the Canadian dollar as well as the Mexican peso went down after a Reuters report informed that Canada is assured that Donald Trump is about to announce his intention to break up with the North American Free Trade Agreement treaty.


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