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On Monday, Asia-Pacific equities descended, although trade actions between United States and China kept being the key concern for investors.
However, the Wall Street Journal informed that the United States and China have started talks on how to improve American access to China’s mainland markets.
Equities in China appeared to be the hardest hit in morning trade, with indexes diving as much as 2%. However, bargain hunters joined and the tech-heavy ChiNext showed +1.5% jumping from -1.5% during the first hour of Monday’s trade. As for the Shanghai Composite SHCOMP, this benchmark slumped 0.8%.
Additionally, Japan’s Nikkei Stock Average NIK concluded the morning trade down 0.4% having lost 1.3% previously. As a matter of fact, the Nikkei is demonstrating it lowest value since early October, exactly when the index started a winning marathon with a 12% jump for the fourth quarter. This quarter the Nikkei has lost about 9.8%.
On Monday, tech equities led the dives in Japan. For example, chip-equipment producer Tokyo Electron 8035 inched down 2.6%.
Taiwan’s tech-heavy Taiex rallied a bit. South Korea’s Kospi added 0.2%. Samsung Electronics managed to gain 0.2%, steel maker Posco headed north 3%. By the way, South Korea has been freed from American duties on steel, as follows from amendments to a trade pact uncovered on Monday.
The Japanese yen dropped 0.5% versus other key currencies in the beginning of the trading week. Market experts told the Japanese yen, acting as a haven for market participants during periods of market turmoil, is going to be sensitive to trade negotiations.
Australia’s S&P/ASX 200 tumbled 0.6% because the financial sector reached 16-month minimums, while New Zealand’s NZX 50 NZ50GR headed south 0.9%.
In addition to this S&P 500 futures ESM8 managed to acquire 0.5%.
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…
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…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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