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.