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On Monday, Asian markets came up with mixed performance.
Australia’s ASX 200 soared by 1.1%. Chinese shares dived by 2% reacting to the dismal earnings report from the country's number one liquor producer Kweichow Moutai Co Ltd.
As a matter of fact, the Shanghai Composite and the Shenzhen Component lost respectively 1.7% and 2.2%. Kweichow Moutai declined by 10% having posted its weakest quarterly revenue surge for three years.
The Hang Seng Index dived by 0.1% in Hong Kong. China’s brokerage company GF Securities Co Ltd informed that its net revenue for the third quarter headed south by 39.23% in contrast with the same period of 2017. Year-on-year its net revenue slumped by 35.39% for the first 9 months of 2018.
Notwithstanding the losses, the H equities of GF Securities in Hong Kong rallied by 0.96% hitting HK$9.5.
In the third quarter, the company’s net assets added 1.22% in contrast with the end of last year, while its operating gain for the third quarter also surged by 23.88% over the same period of 2017.
The KOSPI went down by 0.7% in South Korea.
The Japanese Nikkei 225 rallied by 0.8% after trade ministry data disclosed that the country’s September retail sales jumped by 2.1% from 2017, thus surpassing the general consensus for a 1.6% ascend.
However, the surge decelerated compared to August’s 2.7% expansion.
The deceleration was considered to be temporary, provoked by a bunch of natural disasters that affected consumer and business activity.
Besides this, Hitachi Chemical Co Ltd dived by 14% following news that it had dared to falsify inspections for a material employed in semiconductors.
As local media informed over the weekend, the company told its clients about the inspection misconduct for the material utilized to protect semiconductor processors from debris and scratches.
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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