Thu. Oct 22nd, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Asia-Pacific stocks stumble

1 min read

Asia-Pacific stocks

Stocks in Asia-Pacific were lower in Wednesday morning trade, as investors monitor a speech from Chinese President Xi Jinping.

Mainland Chinese stocks were lower, with the Shanghai composite down about 0.5% while the Shenzhen component declined 0.554%. The Hang Seng index in Hong Kong was slightly higher.

Hong Kong-listed shares of China Evergrande Group tanked by more than 15% on Wednesday morning after the firm announced a share placement with estimated gross proceeds of 4.3 billion Hong Kong dollars ($555 million).

In Japan, the Nikkei 225 slipped fractionally while the Topix index shed 0.51%. South Korea’s Kospi declined 0.52%.

Meanwhile, shares in Australia were lower, with the S&P/ASX 200 slipping slightly.

Over in Southeast Asia, the Straits Times index in Singapore dipped 0.5% after official estimates showed the country’s economy contracted 7% in the third quarter as compared to a year ago.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded about 0.1% lower.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.