Nike dropped on Xinjiang cotton statements
Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Asian equities soar as Irma hit hard
On Monday, equities in Asia gained with market participants cautiously optimistic as for the damage from Hurricane Irma to Florida, as it didn’t appear to be as bad as expected even as Goldman Sachs dared to have its third quarter GDP surge estimate trimmed by 1% considering the impact of Hurricane Harvey.
Japan's Nikkei 225 rallied a smart 1.44%, South Korea's Kospi surged 0.79%, while the S&P/ASX 200 acquired 0.78%. Additionally, the Hong Kong Hang Seng index added 0.99%, the Shanghai Composite tacked on 0.13%.
Beside this, South Korean car makers Hyundai Motor as well as Kia Motors told they probably missed their 2017 sales objectives. On Sunday Yonhap announced that South Korean exporters have been affected by a diplomatic tiff with China as for the deployment of an anti-missile defense system. Kia and Hyundai equities erased revenues observed earlier in the session to dip respectively 0.74% and 0.94%.
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Time to sell Alibaba
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Elon Musk: Tesla is sold for bitcoins
Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
Latest news
All eyes on US retail sales
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
JPMorgan's Q1'2021 earnings beat expectations!
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
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