Business

Asian markets dig deeper holes that the seller continues




Asian stocks were mainly lower Thursday after another round of sales on Wall Street and investor concerns about a trade war.

Japanese reference Nikkei 225

NIK, -0.29%

fell almost 0.9% in morning trading. Australias S & P / ASX 200

XJO, -0.74%

fell 0.7% while South Korea's Kospi

180721, + 0.77%

edged 0.2%. Hong Kong's Hang Seng

HSI, -0.32%

was down 0.6%, while the Shanghai Composite

SHCOMP, -0.31%

lost 0.8%. Stocks rose in Taiwan

Y9999, + 0.79%

but fell in Singapore

STI, -0.80%

.

Among some shares, SoftBank Group

9984, -1.29%

and Fast Retail

9983, -1.55%

fell in Tokyo trading, as did Nintendo

7974, -1.44%

. In Hong Kong, Sunny Optical

2382, -2.89%

and AAC

2018, -1.18%

coincided with CSPC Pharmaceutical

1093, -2.91%

. Samsung

005930, + 1.79%

and LG Electronics

066570, + 1.82%

advanced in South Korea. Mining giants BHP

BHP, -1.72%

and Rio Tinto

RIO, -3.33%

fell in Australia, such as Beach Energy

BPT, -3.61%

.

The latest market slide, as investors, will worry that the US and China trade war will track global economic and business growth as it draws on without a sign of a decision.

"The cracks in global stock markets threatened to widen still as a relentless overnight buyback of government bonds pushed key returns even lower and sent recession through stock," said Jeffrey Halley, senior market analyst at Oanda.

"Asia is unlikely to feel great relief today, either with both Nikkei 225 and ASX 200."

On Wall Street, overnight, the S&P 500 index became

SPX, -0.69%

fell 19.37 points, or 0.7% to 2,783.02. The index had declined 1.3% earlier. Dow Jones Industrial Average

DJIA, -0.87%

lost 221.36 points, or 0.9% to 25.126.41. It had tumbled 409 points. Nasdaq composite

COMP, -0.79%

slid 60.04 points, or 0.8% to 7.547.31.

With two trading days again in May, S & P 500 goes on a loss of 5.5%. That would be their first monthly loss since December. The market has been steadily declining this month as prospects for the economy have dimmed, and as traders became more concerned about the fluctuating trade fair between Washington and Beijing.

In early May, the US and China concluded their 11th round of trade negotiations with no agreement. The US then more than double the $ 200 billion duty in Chinese imports, and China reacted by raising its own tariffs.

Benchmark U.S. Pat. crude

CLN19, + 1.34%

added 29 cents to $ 59.10. It fell 0.6% to settle at $ 58.81 per barrel Wednesday. Burned crude oil

BRNN19, + 0.65%

the international standard, received 15 cents to $ 68.02 per barrel.

dollar

USDJPY, + 0.11%

rose to 109.54 Japanese yen from 109.31 yen on Wednesday.



Source link

Back to top button