Mixed Day For Markets In The Wake Of Trade War

As turmoil continued globally with the worries of the trade conflict between USA and China, the shares in Asia were mixed on Friday.

Nikkei 225 which is the benchmark for Japan managed to recoup from earlier losses and was up by 0.3% to reach 20456.96 in the morning grade. S&P/ASX 200 of Australia had slid down to 6402.40 which is 0.1 % down. Kospi of South Korea had fallen 0.8% to reach 1923.56. Hang Seng of Hong Kong had added 0.8% and reached 25,701.58. Shanghai composite showed gains to the tune of 0.7% to reach 2834.85

Stock Indexes on Thursday had flipped alternatively between losses and gains until a late surge ensured it had gained modestly.

The worries of a recession had met with the optimism that shoppers will be spending online and at stores will keep going.

Most of the day, all the major stock indexes in USA spent their day reacting to the major moves in government bond yields which had fallen sharply in the early dealings and then had been fluctuating for most part of the day until mid-afternoon by when it had recovered some of the fall.

The government bonds in USA are amongst those who had been the earliest and the ones to send out significant warning cries related to the state of the economy.

All over the world, markets have been going up and down and this has been happening for weeks. The prices of things from gold to stocks to oil have made the investors go from uncertainty over the trade war to Central Banks response with the rates of interest.

The trade war has been defended by President Trump yet again. He has asserted that any resolution with China will be a deal completely on USA’s terms.

Add a Comment

Your email address will not be published. Required fields are marked *