Tue. Sep 29th, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Asia stocks slipped; China’s market dropped

1 min read

Markets in Asia-Pacific declined Wednesday morning after shares on Wall Street tumbled overnight stateside.

Mainland Chinese stocks dropped in morning trade, with the Shanghai composite slipping 1.48% while the Shenzhen component declined 2.638%. Hong Kong’s Hang Seng index shed 1.16%.

Chinese inflation data for August released Wednesday showed the producer price index declined 2.0% in August from a year earlier, according to China’s National Bureau of Statistics. That was in line with expectations for a 2.0% fall in a Reuters poll. The consumer price index in August rose 2.4% as compared with a year ago, also in line with expectations of analysts in a Reuters poll.

In Japan, the Nikkei 225 declined 1.57% while the Topix index fell 1.6%.

South Korea’s Kospi also slipped 0.91%. Over in Australia, the S&P/ASX 200 dropped 2.54%.

Overall, the MSCI Asia ex-Japan traded 1.24% lower.

The moves regionally came as Investors reacted to overnight declines on Wall Street. The Nasdaq Composite dropped 4.1% to close at 10,847.69. Tuesday’s drop put the tech-heavy Nasdaq down 10% over the past three days. The Dow Jones Industrial Average plunged 632.42 points, or 2.3%, to end its trading day at 27,500.89. The S&P 500 slid 2.8% to close at 3,331.84.

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.