Asian markets tack on, then slump over US trade news

Asian markets tack on, then slump over US trade news

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.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

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!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera