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On Tuesday, Asian stocks were mixed following the Easter break.
As a matter of fact, China’s Shanghai Composite as well as the Shenzhen Component headed south by respectively 0.4% and 1.1%. The Hang Seng Index stood still sticking with 29,973 in Hong Kong.
The dive in Chinese stocks occurred after the Chinese government indicated they won’t probably add stimulus due to the fact the country’s cabinet is getting heavily concerned about the danger of asset bubbles.
Well, instead, watchdogs will shift their focus to reforms and opening up and also restructuring.
China’s 25-member ruling body of the country, the Politburo headed by President Xi Jinping, ascertained that the country’s economic performance turned out to be better than anticipated and that market confidence has got back, as the state-owned Xinhua news agency informed.
The news appeared after the previous week China posted better-than-anticipated economic surge in the first quarter.
Besides this, Japan’s Nikkei 225 sank by about 0.2%. Japan’s Prime Minister Shinzo Abe is expected to meet leaders of the EU on Thursday and then American leader this week in America.
In South Korea, the KOSPI index managed to rally by up to 0.1%. Additionally, Samsung Electronics Co Ltd managed to make headlines once again right after the company told that it made up its mind to postpone the launch of its latest flagship handset “Galaxy Fold” following reports of screen failures among some review units just after several days of use. Samsung didn’t reveal another debut date.
Besides this, Australia’s ASX 200 rallied by up to 0.8%.
As for Australia-listed Santos Ltd, Woodside Petroleum Ltd as well as Beach Energy Ltd all shot up by nearly 3%.
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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