Asian stocks head south to three-and-a-half month minimum

Asian stocks head south to three-and-a-half month minimum

On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment.

However, Chinese markets, which dived in early trade, managed to trim losses in the face of signs of state support.

On Monday, China told that it would slap higher levies on $60 billion of American goods responding to Washington's decision the previous week to lift its own levies on $200 billion in China’s imports.

Besides this, MSCI's index of Asia-Pacific stocks headed south by 0.9% due to the fact volatile Chinese markets paused for their midday break. Earlier the index had inched down by 1.25% to its lowest value since January 30.

Lending some support for Asian markets were remarks from Trump that trade negotiations with China will be successful. It helped to raise American stock futures over 0.5%, although market sentiment was still fragile.

Monday's volatility demonstrated how a steep turn in American rhetoric on trade talks had spooked financial markets.

Additionally, broader Asian markets were suppressed by diving Chinese stocks, with the MSCI China index losing 1.6%. Eventually, China's blue-chip CSI300 index fluctuated between losses and gains in the face of indications of probable state support, before concluding the morning trading session down 0.2%.

Aside from that, Australian stocks went down by 0.9%. Meanwhile, Japan's Nikkei stock index declined by about 0.8%, hitting its lowest value since mid-February.

The tariff escalation has had a huge impact on global markets, despite Trump told he’d meet Xi Jinping next month.

On Monday, the Dow Jones Industrial Average tumbled by 2.38%, the S&P 500 declined 2.41%, while the Nasdaq Composite inched down 3.41%.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera