|Day's range||27,169.67 - 27,523.86|
|52-week range||24,540.63 - 31,521.13|
The yen gained against the dollar, while 10-year Treasury yields fell to their lowest since 2017. The S&P 500 Index dropped for a fourth session in five, and the Dow Jones Industrial Average lost 286 points, after the Chinese Communist Party’s flagship newspaper published two commentaries assailing U.S. moves to curb Chinese companies. Stocks in industries seen as susceptible to trade disruptions -- including semiconductors, automobiles and energy -- retreated.
Developed Asian-Pacific Indexes Fall on 'Long March' FearsHang Seng follows ChinaYesterday, Chinese Indexes and Hong Kong’s Hang Seng diverged with the former posting losses and the later rising marginally. However, the Hang Seng followed Chinese
Most APAC Indexes Are in the Green amid the Trade War Escalation(Continued from Prior Part)Hang Seng rises marginally from 16-week lowWhile the mainland indexes turned to the red on May 22, the Hang Seng Index recovered slightly from its May 21
U.S. stocks rebounded on Tuesday as the trade-war driven back-and-forth that has dominated markets this month showed few signs of abating. The S&P 500 Index climbed after the U.S. decided to grant limited relief for consumers and carriers that do business with Huawei Technologies -- a day after the White House’s moves against the Chinese telecom giant battered stocks. For all the turmoil, a gauge of global stocks remains within 5% of an all-time high, while the S&P 500 is about 3% from a record.
Developed Asia: Singapore Falls on GDP, ASX 200 GainsHang Seng extends its fallAlthough the mainland indexes celebrated the easing of restrictions on Huawei, Hong Kong’s Hang Seng Index continued its fall due to the uncertainty surrounding a
Tencent has plunged 14% since last month’s high to wipe out $66 billion of value, and selling momentum in the stock is the most intense since October. With the Hang Seng Index closing below the support level of 28,000 on Monday, souring sentiment toward such a heavyweight Tencent makes the gauge more vulnerable to further losses, especially as trade war rhetoric turns more strident. The gauge dropped 0.5% on Tuesday to close at its lowest level since January, with Tencent falling for a fourth day.
The RBA talks of rate cuts to pin back the Aussie Dollar as trade war jitters linger. Another quiet day on the stats leaves geopolitical risk in focus.
U.S. equities sank Monday as the fallout from the White House’s moves against Chinese telecom giant Huawei battered technology shares and stoked trade jitters. The S&P 500 Index dropped for the second straight session, with semiconductor stocks among the biggest laggards, and the tech-heavy Nasdaq 100 Index saw its biggest decline in a week. Ten-year Treasury yields rose before a slew of U.S. data this week as well as Federal Reserve policy-meeting minutes on Wednesday.
Developed APAC: ASX, Nikkei Surge, Hang Seng Drops, KOSPI Steady(Continued from Prior Part)Australian stocks are on a rollAustralia’s benchmark S&P/ASX 200 Index has continued its dream run while most other Asia-Pacific stocks seem to be under
Developed APAC: ASX, Nikkei Surge, Hang Seng Drops, KOSPI SteadyHang Seng fallsFollowing the mainland’s footsteps, Hong Kong’s Hang Seng Index fell in early trading and only partially recovered thereafter. The index dropped 0.57%, or 159 points,
It’s a mixed start to the day, support for the Aussie Dollar kicked in, while the EUR and the Pound could be under pressure. EU elections loom…
The U.S – China trade war continued to grip the markets and, while the China economy showed cracks, U.S stats impressed.
Australia, Japan Up—Singapore, KOSPI, and Hong Kong DownHang Seng fallsHong Kong’s Hang Seng Index fell in early trading and didn’t recover until the end of the trading day. The index dropped 1.16%, or 329 points, to end the day at 27,946.46,
Although China has not announced any retaliatory moves against the U.S. in reaction to the move against Huawei, U.S. firms still took a hit in anticipation of a drop in business. Qualcomm was down 4%, Micron was nearly 3% lower, and semiconductor firms Qorvo and Skyworks were down 7% and 6%, respectively.