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On Friday, stocks in Asia sank, with sentiment linked to American nonfarm payrolls later in the day as well as elections in France at the weekend.
The S&P/ASX 200 edged down 0.40% compensated by Macquarie Bank's 3.58% leap after the bank's full-year revenue beat hopes. As for Australia's resources stocks, they managed to extend losses. For instance, Miner Rio Tinto tumbled 1.56% and crude companies Santos and Woodside declined respectively 2.47% and 2.13%.
The Hang Seng Index inched down 0.26% in Hong Kong, while on the mainland, the Shanghai Composite dived 0.33%.
By the way, Japanese along with South Korean markets were unavailable due to the Children's Day holiday.
Overnight, American stocks stood still, after the House of Representatives dared to pass a bill to repeal and replace Obamacare. Meanwhile, energy stocks declined, following crude, hitting a five-month minimum.
Additionally, energy shares turned to be the key laggards of the days, after oil reached a five-month minimum on the back of worries of a glut in supply.
On Thursday, American equities decreased in volatile trade because optimism provoked by progress in US-China trade negotiations faded away, with market participants preferring defensive sectors, including utilities and real estate…
On Wednesday, American equities rallied, backed by the technology sector due to the fact that signs that China would ease its "Made in China 2025" industrial policy contributed to optimism driven by US leader’s positive remarks on trade…
On Tuesday, European equities started higher due to the fact that a new whiff of optimism over the China-U…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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