
The US authorities filed a lawsuit against Facebook - what are the implications?
On Tuesday, Asian stocks started higher, although then profits faded as the trading day wore on.
Apparently, the initial push built around Mnday’s global profits that saw the S&P 500 as well as Nasdaq log record closes after US leader announced a pending trade pact with Mexico, thus soothing global trade-war concerns.
In Japan, the Nikkei NIK managed to top 23,000. It turned out to be the first such an achievement since June 12, before it ran out of steam. The index concluded up about 0.1% demonstrating an outcome of 22,813.47.
Additionally, exporters gained too. As a matter of fact, Mitsui OSK Lines 9104 inched up by 2.1%. Nippon Steel 5401 leapt by up to 0.6%, Toyota 7203 jumped by 0.8%. Market experts warned that initial enthusiasm for the US-Mexico pact won’t probably last since tougher talks with China as well as other trading partners are expected.
Hong Kong stocks didn’t manage to hold much of their early profits, with the Hang SengHSI concluding 0.3% higher being worth 28,351.62. Tech equities turned out to be among the top gainers, with heavyweight Tencent 0700 jumping by 1.3% and Sunny Optical 2382 adding about 2.2%. Energy equities appeared to be firm too, with coal company Shenhua 1088 bouncing off 2.7%.
The Shanghai Composite SHCOMP as well as Shenzhen Composite399106 were nearly intact in China after Monday’s 2% ascend right after China’s key financial institution moved to shore up the national currency. The Shanghai index went down by 0.1% reaching 2,777.98, while the Shenzhen index tacked on by up to 0.1%.
The Kospi SEU index gained 0.2% in South Korea due to the fact that Samsung 005930 added 0.5%. Taiwan’s Y9999, Singapore’s STI, Malaysia’s FBMKLCI, and Indonesia’s JAKIDX - all reported firm profits.
The US authorities filed a lawsuit against Facebook - what are the implications?
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted
Manager will call your number
Next callback request for this phone number
will be available in {time}
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.