Asian stocks Archives - The Industry Spread

Asian Stocks Retreat Ahead of Fed Decision

October 30, 2019

Asian equity indices ended lower today as traders expect a 25 bps cut from Fed to protect the economy from slowing growth and the effects of the trade tensions, Markets now put only about a 30% chance of another rate cut in December, compared with about 70% earlier this month. Rumours that a “phase one” deal might not be ready to be signed at the Asia-Pacific Economic Cooperation summit in Chile in November weigh on stocks.

Gold Retreats, Asian Stocks Mixed

September 26, 2019

Asian indices finished mixed today as political turbulence in Washington weighs on global equities. The US and China are planning to restart negotiations in early October. Crude oil price stabilizes after the drone attack on Saudi Arabia oil facilities which is expected to cut 5% of the world’s oil supply.

Asian Stocks Mostly Higher, Gold Retreats from Recent Highs

August 12, 2019

Asian stocks finished mostly higher today amid the recent escalation in US-China trade tensions, while USDCNH fixing rate was at 7.0211. The Hang Seng trading finished 0.09 percent higher at 25,959. The Shanghai Composite ended 1.22 percent higher to 2,808, while in Singapore the FTSE Straits Times index finished 0,49 percent lower to 3,168. Australian equities trading flat, the ASX 200 is 0.01% lower to 6,584.

Asian Stocks down Over 2%, Bitcoin Above 11,000

August 5, 2019

Asian stocks slumped today as trade war tensions escalate after President Trump announced that the US will impose a 10.0% tariff on the remaining $300.0bn-worth of Chinese products. The Nikkei225 is down 2.21 percent lower at 20,604, the Hang Seng trading 2.85 percent lower at 26,159.

China Retaliation Tariffs adds to Global Economic Uncertainty

May 14, 2019

Asian markets finished lower today and fell to a three-and-a-half month low approaching oversold levels as China announced it would impose higher tariffs on $60 billion of U.S. goods. The Nikkei225 lost 0.75 percent to 21,033. The Hang Seng benchmark in Hong Kong finished 1.43 percent lower at 28,135.

European Equities Lower after Weak Data

April 18, 2019

Asian stocks finished lower from nine months highs, after worse than expected figures from Japan. Sino-US trade relations were in focus again today as White House economic adviser Larry Kudlow said “very good progress” was being made in talks. The Nikkei225 main index lost 0,89 percent to 22,080, the Hang Seng benchmark in Hong Kong finished 0.46 percent lower at 29,982. Chinese stocks also finished lower, with Shanghai Composite finishing 0.12 percent lower at 3,259, and in Singapore, the FTSE Straits Times index finished 0.17 percent lower at 3,342.

AUDUSD Eyes 0.72, Gold Continues South

April 17, 2019

Asian stocks finished higher close to nine months highs, as investors sentiment was supported by strong Chinese industrial production numbers and better GDP data. In Japan, the Nikkei225 main index added 0,25 percent to 22,277, the highest since December 4th, 2018. The Hang Seng benchmark in Hong Kong finished 0.02 percent higher at 30,109.

AUDUSD Under Pressure After Dovish RBA

April 16, 2019

Asian stocks finished higher to the highest level in nine months, as investors cheer upbeat beginning of the US earnings season. In Japan, the Nikkei225 main index added 0,32 percent to 22,238 the highest since December 4th, 2018, the Hang Seng benchmark in Hong Kong finished 0.68 percent higher at 30,007. Chinese stocks are rallying, with Shanghai Composite finishing 1.55 percent higher at 3,226, and in Singapore, the FTSE Straits Times index finished 0.16 percent higher at 3,329.

Nikkei Outperforms, Traders Eye more US Earnings

April 15, 2019

Asian stocks finished in positive tones to the highest level in nine months, as investors follow the gains from Wall Street indices on Friday helped by the upbeat beginning of the US earning season by JP Morgan and Wells Fargo. In Japan, the Nikkei225 main index added 1.37 percent to 22,169 the highest since December 4th, 2018. The Hang Seng benchmark in Hong Kong finished 0.02 percent higher at 29,914.

Gold Down $14, Breaks below $1300, EURUSD pops at 1.1285

April 12, 2019

Asian stocks finished in a mixed fashion, as investors digest updates from both the European and US central banks. US President Donald Trump also threatened to impose tariffs on $11 billion of European Union (EU) imports as retaliation on what he claims to be unfair subsidies to Airbus. In Japan, the Nikkei225 main index added 0,69 percent to 21,861, the Hang Seng benchmark in Hong Kong finished 0.30 percent lower at 29,747.