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…
Asian markets dive
On Wednesday, Asian markets headed south because American mid-term elections attracted much attention, as several networks, such as CNN, Fox, NBC, and FiveThirtyEight told that the Democrats had gained control of the House of Representatives, thus dividing Congress and boosting the party's ability to block Trump's economic and political agenda.
The Republicans were anticipated to gain a majority in the Senate, exactly as many experts had hoped for.
While a great number of analysts were afraid that a split in the Congress could provoke a sort of political gridlock in the US government, restricting Trump's ability to further pursue his expansive fiscal policy measures, but others drew attention to the fact that in general markets perform well under these circumstances.
The Shanghai Composite as well as the Shenzhen Component lost respectively 0.6% and 0.4% in China. The Hang Seng Index dived by 0.2% in Hong Kong.
Tech giant Tencent Holdings Ltd told it would slap an age limit on all of its online games by next year, notwithstanding the fact they’re already facing diving profits.
The company first imposed an age restriction on Honor of Kings, its popular game, having received a number of complaints from angry parents last year. Kids under the age of 18 won’t be able to play it more than two hours a day. Tencent recently came up with a real name registration system for its product and it’s currently testing its new facial recognition software.
In addition to this, Japan’s Nikkei headed south by 0.1%. The KOSPI index inched down by 0.2% in South Korea.
As for Australia’s S&P/ASX 200, it rallied by 0.4%.
Meanwhile, on Wednesday, online financial publication Moneylife informed that Reserve Bank of India chief Urjit Patel could step down at the major financial institution’s next board gathering on November 19.
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…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.