Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Australian equities tumble at close of trade
On Tuesday, Australian equities declined after the close because losses in the Utilities, IT as well as Industrials sectors suppressed stocks.
The S&P/ASX 200 went down 0.02%.
The best performance on the S&P/ASX 200 was demonstrated by such benchmarks as independence Group NL, Beach Energy Ltd and Automotive Group Holdings Ltd. They soared respectively 4.21%, 3.79% and 2.19%.
On the contrary Spark Infrastructure Group, Virtus Health Ltd and Galaxy Resources Ltd turned to be the losers, slumping respectively 4.46%, 3.90% and 3.79%.
Declining equities outnumbered growing ones on the Sydney Stock Exchange by 663 to 512, while 351 were intact.
Gauging the implied volatility of S&P/ASX 200 options the S&P/ASX 200 VIX slumped 0.33% being worth 13.525.
The currency pair AUD/USD ascended 0.18% being worth 0.7959, AUD/JPY slumped 0.15% trading at 87.03.
The US Dollar Index Futures headed south 0.09% showing 92.49.
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.