Asian stocks sag from 2-year peaks

Asian stocks sag from 2-year peaks

On Monday, Asian stocks handed back earlier modest revenues and descended, running short of incentives to push past two-year peaks, with many major markets unviable for holidays.

Meanwhile, the British pound nursed losses after a survey demonstrated a shocking lead for Prime Minister Theresa May's party in the UK’s approaching elections.

Outside Japan MSCI's broadest index of Asia-Pacific stocks slumped 0.2%.

Japan's Nikkei N225 gained 0.1%, while weaker commodities suppressed Australian stocks, making them lose 0.5%. On Monday, the closure of British, Chinese and American markets on Monday deprived market participants of potential catalysts and kept trading tamed.

Reacting to North Korean missile launch, KOSPI initially touched an intraday record peak in South Korea before rebounding 0.1%.

Versus a basket of key currencies, the dollar index stood still, sticking to 97.465, having ascended on Friday due to positive American GDP data.

 

Similar

Most Asian equities soar

On Friday, the vast majority of Asian equities demonstrated moderate revenues, although market participants cast nervous eyes at the United States, where legislation to avert a Federal Government shutdown was proceeding in Congress…

Popular

Japan real wages surge is slowest in almost two years

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…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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