Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
Asian stocks are mixed with slumping Tokyo and Shanghai
On Friday, Asian markets offered quite mixed performance, pointing mostly higher, although Shanghai and Tokyo went down because commodity-dependent stocks declined on a stronger greenback that makes imports priced in the US currency less affordable.
Japan's Nikkei 225 sagged 0.19%.
South Korea's Kospi managed to earn 0.77%. Australia’s S&P/ASX 200 lost 0.70%. As for the Hang Seng Index in Hong Kong, it was intact, while the Shanghai Composite headed south 0.2%.
Overnight, American shares demonstrated records peaks because market participants appreciated the publication of better than expected initial jobless claims reports, while the Fed minutes kept driving market sentiment amid a dent in hopes that the major US bank would lift rates for a total of three times this year.
The American economy kept showing signs of a rebound in the second quarter, right after initial jobless claims inched up less than expected.
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.