قالب وردپرس درنا توس
Home / Business / Asian stocks fall as trade concerns drink before the Fed's interest rate cuts

Asian stocks fall as trade concerns drink before the Fed's interest rate cuts



Investors are also watching closely for Federal Reserve interest rate decisions, which should come later in the day.

Hong Kong's Hang Seng Index ( HSI ) drops 0.8%. Shanghai Composite Index ( SHCOMP ) drops 0.6%. Japan's Nikkei falls 1%. South Korea Kospi ( KOSPI ) lost 0.9%. Australia's S & P / ASX 200 sank 0.2%. Taiwan's Taiex also lost 0.3%.
  Dow falls ahead of Fed decision
Trump said on Twitter on Twitter that there is no indication yet that China has begun to buy US agricultural products. He suggested that China "probably" should "wait to see if a Democrat is elected next.

" The problem with those waiting, however, is that if & when I win, the deal they will get is much tougher than we are negotiating now … or no deal at all, "he said.

  Apple manages to grow its business even though iPhone sales go down 12%
The criticism came when the two countries' top negotiators met in Shanghai for a two-day meeting through Wednesday, the first time since the countries declared a temporary cease-fire at the G20 last month, the White House economic adviser said last week , Larry Kudlow, on CNBC that he did not expect a major deal at the meeting.

On Wednesday morning, government statistics showed China's official purchasing leader index up to 49.7 in July, slightly better than the market's expectations, but still below the 50 mark as separates contraction from expansion.

Traders are also waiting for clues from Caixin / Markit PMI due Thursday, a closely monitored meter that better reflects the private manufacturing sector than the official figures.

  North Korea launches two short-range ballistic missiles, South Korea says
Geopolitical tensions increased in Asia after North Korea launched on Wednesday another round of projectiles, US and South Korean officials confirmed. It is North Korea's third launch since May.

The Federal Reserve is expected to deliver interest rate cuts later Wednesday, which would be the first time the central bank has cut interest rates since 2008.

Here are some of the other big gripes on Asian markets at 11:20 p.m. Hong Kong time.
  • Samsung Electronics ( SSNLF ) tumbled 3% in Seoul after the electronics giant reported a 56% decline for the second quarter from the same period a year earlier, citing falling prices on memory chips.
  • Hong Kong will release GDP figures for the second quarter later on Wednesday. Analysts expect the local economy to be harmed by the city's massive protests.
  • China General Nuclear Power Group, China's largest nuclear power company and one of the world's largest, published a prospectus on Wednesday morning, plotting a $ 2.2 billion (15 billion yuan) listing on the Shenzhen Stock Exchange. It will be China's largest stock exchange listing this year. The money will mainly be used to build four nuclear reactors in southern Guangdong and Guangxi provinces.
  • Oil prices rose at the beginning of the Asian trade pending a Fed rate hike. WTI crude oil and Brent crude oil were both up, trading at $ 58.44 per barrel and $ 65.18 per barrel, respectively.
  • US stocks ended lower on Tuesday. Dow Jones Industrial Average ( DJIEW ) was down 0.1%. S&P 500 Index ( INX ) lost 0.3% and Nasdaq Composite Index ( COMP ) falls 0.2%.


Source link