Asian shares go down

Asian shares go down

On Thursday, Asian stocks sagged after the US major financial institution utilized a hawkish bent overnight, while dropping metals also weighed on Asian stock markets.

Australia's S&P/ASX 200 went down 0.45%, Hong Kong's Hang Seng Index lacked 0.39% and the Shanghai Composite descended 0.59%.

Due to the Greenery Day holiday Japanese markets were unavailable.

As for Australian resources benchmarks, Rio Tinto sagged 2.29%, BHP Billiton declined 0.67% because base metals lost favor.

The sag in copper prices became evident after a leap in inventories powered worries as for an economic slowdown in China, the world's number one copper consumer.

Overnight, American shares were mixed after the close because revenues in the Oil & Gas, Financials as well as Technology sectors brought stocks up, while losses in the Basic Materials, Telecoms as well as Utilities sectors brought stocks down.

The Dow Jones Industrial Average managed to grow 0.04% at the close in NYSE, while the S&P 500 index headed south 0.13%. As for the NASDAQ Composite index, it went down 0.37%.

 

Similar

Asian stocks conclude week on upbeat note

On Friday, Asian equities mostly gained to conclude the trading week on an upbeat note because the Dow along with the S&P 500 had some of their midweek pullback reversed, while remarks from a Federal Reserve representative relived worries of speeding up…

Popular

EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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