The US authorities filed a lawsuit against Facebook - what are the implications?
Asian shares turn lower on simmering North Korea tensions
On Thursday, Asian shares went down because market participants fretted about the simmering tensions between America and North Korea, brining Seoul equities down to two-month minimums even as yesterday’s rush into safe-haven assets slowed.
Spreadbetters expected EU equities to follow suit. Experts hope Britain's FTSE will slide 0.6% and Germany's DAX along with France's CAC will start a bit lower.
MSCI's broadest index of Asia-Pacific stocks went down 1%.
Japan's Nikkei handed back earlier revenues too, shedding 0.1%,
Shanghai went down 1.1%, Hong Kong's Hang Seng decreased 1.6%. In South Korea KOSPI sagged 1.2% dipping to a two-month minimum to drift away from record maximums reached at the end of July.
The dips in some Asian equities, such as Japan's Nikkei, were restricted after Wall Street stocks concluded lower overnight because traders brushed off geopolitical worries.
The 10-year Treasury note yield dropped to a six-week minimum of 2.212% on ascending bond prices, but rebounded to 2.248%.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.