Asian stocks slump as Korean peninsula tensions rise

Asian stocks slump as Korean peninsula tensions rise

On Wednesday, Asian stocks dipped, led by Tokyo because tensions on the Korean peninsula inched up.

Japan's Nikkei 225 declined 1.25%, showing its lowest value since December the previous year.

In Japan, in February, core machinery orders went up 5.6% year-on-year, beating a 2.5% revenue observed. However, the month-on-month figure inched up 1.5%, missing the 3.7% profit expected. Besides this, Japan’s PPI soared 1.4% year-on-year in March, which is faster than the 1.3% surge observed.

The Shanghai Composite lost 0.32%, Hong Kong's Hang Seng Index tumbled 0.30%. Additionally, in March China’s CPI lost 0.3% as expected month-on-month as well as a leap 0.9% year-on-year, which is a bit less than seen. In China, PPI added 7.6% as expected.

Australia's S&P/ASX 200 sank 0.06%, South Korea's Kospi edged down modestly. Stocks in Australia's Telstra declined more than 7% after TPG Telecom secured licenses in the government's previous auction of mobile spectrum. The company disclosed plans to create its own mobile network.

Similar

Asian equities head north

On Tuesday, Asian markets managed to rally, with Apple suppliers outperformed right after the American tech company filed an appeal for the purpose of overturning a sales ban of some of its smartphones in China…

EU equities slump

On Monday, escalating US-Chinese trade tensions impacted European equities due to the fact that market participants fled risk at the beginning of a highly uncertain week, with the UK’s parliamentary vote on Brexit looming too as well as chemicals shares…

Latest news

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…

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