Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
Asian stocks are mixed as Tokyo revives after muted Wall Street
On Tuesday, Asian stocks traded mixed, with Tokyo reviving after America demonstrated a muted reaction to President Donald Trump's inability to replace Obamacare.
Japan's Nikkei 225 inched up 1.07%, reviving from a steep drop overnight as Lenovo Group and Fujitsu announced the postponement of their target date for a final agreement on their personal computer business tie-up. Stocks of Fujitsu rallied 2.70%t and the Hong Kong-listed Lenovo surged 1.23%.
In Australia, the S&P/ASX 200 soared 1.15%. However, retail company Myer dipped 4%, having soared 18% on Monday amid rumors that a takeover bid was on the cards.
The Shanghai composite tumbled 0.26%, while Hong Kong's Hang Seng index gained 0.49%.
Overnight, American stocks closed mostly lower on, as market participants mulled over President Trump’s ability to push through major proposals, which include tax reform, right after on Friday the healthcare bill was dropped.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.