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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%.
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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