The start of the US trading session has been positive for traders of Tesla and Microsoft.
China’s stock market concludes down
On Tuesday, the Chinese stock market concluded down on the backdrop of negative dynamics from the software as well as computer services, tourism and leisure, not to mention telecommunications sectors.
At the close on the Shanghai Stock Exchange, the Shanghai Composite decreased by 1.39%, reaching a 6-month minimum, the SZSE Component index slumped by 2.13%.
The leaders of growth among the components of the Shanghai Composite Index were represented by shares of Hna Innovation Hainan Co Ltd A soaring by 10.08%. As for equities of Great-Sun Foods Co Ltd, they headed south by 9.99% coming up with 32,590. Additionally, Shanghai LongYun Advertising & Media Co Ltd rallied by 9.99% concluding at 61.97.
Leaders of the dive were the shares of Keda Group Co Ltd, which declined by 10.04%, concluding the session at about 9,950. Shares of Shanghai Zhongji Investment Holding Co soared by 10.04% closing at 8.87. Shanghai Feilo Acoustics Co Ltd inched down by 10.00% and completed the session at the level of 6.39.
Shares of Xian International Medical Investment Co Ltd gained by 10.02% hitting 5.38. Sichuan Haite High-tech Co Ltd rallied 9.98% ending up with 10.69, while GuangDong Huasheng Electrical Appliances Co Ltd headed north 5.50% reaching 16.87.
On the Shanghai Stock Exchange, the number of depreciated securities (1174) managed to surpass the number of closed in the black (178), while quotes 16 shares were intact.
Equities of Shanghai Zhongji Investment Holding Co Ltd dived to a 3-year minimum concluding the trading session at 8.87. Shares of Shanghai Feilo Acoustics Co Ltd went down to a 3-year minimum, falling 10.00% closing at 6.39.
The volatility index of CBOE China Etf Volatility, which is formed on the basis of options trading options on the Shanghai Composite, headed south up to 1.20% to 23.97.
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
More tariffs were introduced
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.