There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Asian markets tack on after Fed takes cautious stance
On Thursday, Asian equity markets mostly ascended after Fed Chair Janet Yellen's quite cautious testimony on Wednesday, while Chinese markets were underpinned by estimate-beating trade data.
The market in Thailand rallied 0.44%, demonstrating 1,581.88. At the same time in Manila the Philippines Stock Exchange PSEi Index managed to gain 0.19%, hitting 7953.78.
South Korea's Kospi Index rallied 1.1%, hitting 2,418.48. Additionally, Hong Kong also demonstrated sturdy outcomes in morning trade. Its Hang Seng Index leapt 1.08%, reaching 26,330.50. In Singapore the FTSE Straits Times index surged 0.59%, demonstrating 3,227.90.
The Shanghai Composite Index demonstrated a 0.44% rise in mid-morning trade, hitting 3,211.51. The Chinese market was bolstered after China unveiled upbeat data on exports. In China, June exports inched up 11.3% year-on-year, while imports surged 17.2%, surpassing expectations.
The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N