The US authorities filed a lawsuit against Facebook - what are the implications?
Asian stocks mostly decline as North Korea nuclear test rattles
On Monday, Asian equities mostly drop, with Shanghai bucking the trend following a weekend nuclear weapons test by North Korea that this isolated country claimed was a hydrogen bomb potentially capable of fitting onto an ICBM.
The Nikkei 225 sank 1%, South Korea's Kospi tumbled 0.83% because risk trade worries remained for both financial markets. As for the S&P/ASX 200, this benchmark dived 0.54%.
Meanwhile, in China, the Shanghai Composite grew 0.14%, while the Hang Seng index dived 0.50% in Hong Kong.
The previous week, American equities concluded higher because a weaker-than-expected jobs report on Friday was unable to tame investor rate-hike expectations in the wake of fresh data disclosing that the American economy was still on track for solid ascend in the third quarter.
American equities made an upbeat start to September because traders digested over several economic reports such as a nonfarm payrolls report unveiling that in August the American economy generated fewer jobs than expected.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.