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Asian markets slide as traders take a breather
On Tuesday, Asian markets took a breather, with traders taking profit across the region, following a recent ascend. Apparently, on Monday, the losses tracked the same moves in American markets at the close.
Hong Kong's Hang Seng Index decreased 0.11% trading at 26,441. In Singapore FTSE Straits Times Index dropped 0.06% hitting 3,296.10. In Korea, Kospi slid 0.06% being worth 2,128.21. Meanwhile, in Japan, the Nikkei lost 0.69%, trading at 19,979.50. Additionally, the Jakarta Stock Exchange Composite Index slumped 0.27% trading at 5,825.25.
On Tuesday, China's markets kept going down notwithstanding the upbeat data posted yesterday. The Shanghai Compasit Index decreased 0.62% hitting 3,156.76, and the technology heavy Shenzhen Composite Index tumbled 0.55% hitting 1790.55.
As for Thailand, it gained, with the SET Index standing still with profits of 0.05%. In the Philippines the PSEi Index managed to grow 0.19%.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…