Asian shares inch down

Asian shares inch down

On Tuesday, Asian equities declined because a relief surge petered out against the backdrop of soaring doubts over whether China and America will be able to tackle trade differences.

Moreover, an inverted American yield curve also backed fears about a probable recession.

MSCI's index of Asia-Pacific equities MIAPJ0000PUS tumbled by 0.3% because Chinese equity markets struggled to leave negative territory.

In Shanghai and Shenzhen, Chinese blue-chip equities CSI300 went down, while the benchmark Shanghai Composite index SSEC managed to grow. In Hong Kong, equities HIS declined by 0.3%.

Meanwhile, Australian equities AXJO headed south by 0.8%, while South Korea’s Kospi sank by 0.6%. As for Japan's Nikkei stock index, it dipped by 1.3%.

On Monday, the pause on further hostilities in the trade clash between China and America had sparked a global leap in equity markets, letting MSCI's all-country world index gain 1.3%.

However, before the trading day concluded, key American indexes rebounded from intraday maximums due to the fact that market participants pondered over unresolved problems between the two leading economies.

Overnight, the Dow Jones Industrial Average concluded 1.13% up, while the S&P 500 rallied by 1.09%. As for the Nasdaq Composite, it acquired 1.51%.

Monday’s firm American manufacturing data indicated a stronger economic outlook.

Meanwhile, American crude futures CLc1 jumped by 1.2% hitting $53.58 a barrel. As for Brent crude futures LCOc1, they went up by 1.1% trading at $62.35 a barrel.

Evaluating the evergreen buck’s purchasing potential versus its main counterparts the USD index decreased by 0.2% reaching 96.808.

The evergreen buck slumped by 0.3% versus its Japanese rival, hitting 113.28. The common currency managed to surge by up to 0.2% being worth $1.1373.

As the greenback slumped, the Chinese Yuan kept ascending. It gained over 1,000 pips versus the evergreen buck hitting 6.8545.

 

 

Similar

US equities inch down

On Thursday, American equities decreased in volatile trade because optimism provoked by progress in US-China trade negotiations faded away, with market participants preferring defensive sectors, including utilities and real estate…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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