Asian stocks shrug off NKorea missile launch

Asian stocks shrug off NKorea missile launch

On Wednesday, Asian stocks held revenues as Chinese markets returned after a two-day holiday and traders shrugged off the launch of a ballistic missile by North Korea ahead of an upcoming summit between American and Chinese leaders this week.

The Shanghai composite managed to earn 0.98%, Hong Kong's Hang Seng index inched up 0.24%.

Besides this, Japan's Nikkei 225 gained 0.27%, the S&P/ASX 200 surged 0.03%. As for South Korea's Kospi, it almost stood still.

Overnight, American crude stocks closed higher, following the publication of positive American trade data. The latest batch of American economic trade data, contributed to the narrative of a stronger American economy because in February the US trade deficit narrowed by more than expected.

On Tuesday, the Commerce Department told that the trade deficit dipped by 9.6% to $43.6 billion. Additionally, January's trade deficit was revised from $48.5 billion down to $48.2 billion. Experts had expected the trade gap to contract to $44.8 billion in February.

 

Similar

Latest news

Deposit with your local payment systems

Learn more

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.

Callback

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 00:30:00

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