On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
Asian stocks decrease after US stocks dip overnight
On Friday, Asian stocks were softer in early trade, reacting to a weaker close overnight, while global bond yields inched up.
The Nikkei 225 went down 0.61%. As for the Kospi, it lost 0.39% in early trade.
Additionally, the S&P/ASX 200 decreased 0.63%.
The Hang Seng Index dipped 0.42% and the Shanghai Composite sank 0.39%.
Overnight, American shares concluded lower, as a slide in both tech as well as energy stocks put pressure on the broader market while weaker-than-expected labor market reports contributed to downbeat sentiment.
Energy continued its descending trend, losing 1.8% notwithstanding weekly American inventory data, which demonstrated a larger-than-expected draw in both crude and gasoline stockpiles.
Tech stocks dipped too because market participants kept rotating out of the tech sector, with Amazon, Facebook, and Apple sagging more than 0.5%.
The Dow Jones Industrial Average showed 21,321.82, sliding up to 156 points. Aside from that, the S&P 500 concluded 0.94% lower, and the Nasdaq Composite hit 6089.46, dipping 1%.
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…