Asian stocks show mixed performance

Asian stocks show mixed performance

On Wednesday, Asian equities were quite mixed in morning trade notwithstanding global trade-war concerns strengthened with the resignation of Gary Cohn, White House economic expert after clashes over recently disclosed metal duties.

Overnight, the Dow managed to tack on 0.04%. As for the S&P 500, it edged up 0.26%, while NASDAQ Composite ascended 0.5%.

Meanwhile, Japan’s Nikkei 225 headed south 0.1% because the Japanese yen inched up after America demonstrated mixed signs as for whether Trump would stick with his tariff initiative or not. By the way, Bank of Japan’s monetary policy decision is going to be unveiled today.

Apart from that China’s National People’s Congress kept remaining in focus because on the third day of the event Xiao Jie, the country’s finance minister told that the country would proceed with cutting tax. In general, the promised tax cut accounts for $126 billion. China is planning to extend tax breaks to small as well as medium sized businesses. Besides this, Xiao added that his country would have severely debt issuance chaos punished to totally exclude any systematic debt risks in China.

The Shanghai Composite along with Shenzhen Component started respectively 0.3% and 0.2% higher. Additionally, the Hang Seng Index managed to reverse some of its 600 points revenues yesterday in Hong Kong and went down 0.2%.

KOSPI rallied 0.6% in South Korea and the Won added right after North Korea announced it would consider canceling its nuclear weapon program if the country’s safety is 100% guaranteed. In response, the US President Donald Trump told he was open to negotiations with the isolated regime.  

In Australia, the S&P/ASX 200 went down 0.7% after the country posted a slower-than-anticipated GDP surge of 0.4% in the December quarter versus the general consensus of a 0.5% leap. The economic surge was affected by weaker exports and construction.

 

 

Similar

Asia-Pacific equities generally inch up

On Friday, stocks of the Asia-Pacific region mostly tacked on, ramping up revenues from the previous trading marathon, reacting to upbeat signals from Wall Street because market participants shifted their focus to the approaching season of corporate…

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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

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