Asian markets ascend on Wall Street gains

Asian markets ascend on Wall Street gains

On Tuesday, Asian markets rallied during the morning trading session because American equities concluded the session up having slumped early on trade worries.

The Dow Jones Industrial Average managed to ascend 0.15% overnight, the S&P 500 gained 0.31%, while the Nasdaq composite tacked on by 0.76%.

Market participants will probably keep closely watching developments on the trade front because America is geared to imposing a 25% duty on $34 billion worth of goods from China before the July 6 deadline. Meanwhile, China has told that it would respond with tariffs on the same value of American goods.

The Shanghai Composite as well as the Shenzhen Component started respectively 0.2% and 0.1% higher. The Hang Seng Index inched down by 3.0% in Hong Kong having returned from a Monday public holiday.

As some Chinese sources pointed out, the recent sell-off in mainland stock markets turned out to be an irrational overreaction. The sources asked market participants not the panic over soaring trade tensions between the United States and China.

The sources added that those trade clashes between the United States of America and China appear to be a must-have test the Chinese economy had to face sooner or later during its ascend.  

At the same time, China Mobile told that the current American presidential administration refused to allow the government-owned telecommunications firm to enter the American market.

A number of market experts pointed out that the worsening integration of the global telecommunications market has generated a number of vulnerabilities and risks in a sector stuffed with a wide array of dirty deeds.

In addition to this, Japan’s Nikkei 225 as well as South Korea’s KOSPI managed to add 0.2% during the morning trading session.

Besides this, Australia’s S&P/ASX 200 tacked on by up to 0.4%.

 

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera