Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
European equities go down on new geopolitical tensions
On Monday, European equities started lower because news that a nuclear missile test was performed by North Korea over the weekend spurred fresh worries over geopolitical tensions in the Asian region.
The EURO STOXX 50 sagged 0.42%, Germany’s DAX 30 lost 0.44%, while in France CAC 40 dipped 0.38%.
Geopolitical threats resumed after on Sunday North Korea told that it had performed a test of a hydrogen bomb to be installed on an intercontinental ballistic missile.
Pyongyang consider the test an absolute success, especially taking into account a greater yield than previous tests as well as lack of negative impact on the environment.
Financial equities generally declined because French lenders Societe Generale as well as BNP Paribas sank 0.80% and 0.84% respectively. At the same time Germany’s Commerzbank as well as Deutsche Bank went down respectively 0.95% and 1.03%.
FTSE 100 lost 0.12% in London, pressured by Micro FocusInternational, whose equities dipped 1.06%.
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.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.