Asian shares tumble as traders seek safe havens

Asian shares tumble as traders seek safe havens

On Tuesday, Asian shares slid, as caution reigned ahead of a potentially tense gathering between American President Donald Trump and his Chinese counterpart Xi Jinping this week.

The greenback lost ground after traders sold stocks overnight and looked to safe havens because political uncertainty overshadowed upbeat American economic news and solid surge in global manufacturing.

Outside japan MSCI's broadest index of Asia-Pacific stocks went down.

Japan's Nikkei decreased 0.4%, as market participants sought out the safe-haven yen and as carmakers slid on weaker-than-expected American sales.

The worst performer on the index, Toshiba Corporation tumbled nearly 9% after sources told that on Tuesday it will meet creditor banks just to ask them to accept as collateral stocks in some of its businesses in exchange for not calling in their loans.

Australian stocks lost 0.2% notwithstanding an expansion in the country's February trade surplus to more than double last month's because exports of minerals and gold rebounded, while imports went down.

 

Similar

Asia-Pacific stocks are mixed

On Friday, Asia-Pacific stock indices were quite mixed amid cautious trading after US President Donald Trump dared to cancel the highly anticipated summit with North Korean leader Kim Jong-no and also accused North Korea of ​​showing great anger as well…

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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