قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Asian stocks retreat against the backdrop of trade, worried by global growth

Asian stocks retreat against the backdrop of trade, worried by global growth



Asian stocks fell Wednesday after storming Wall Street in the face of growing tension between the United States and the European Union, as well as a forecast for global economic growth

Japanese index Nikkei 225

NIK, -0.53%

declined by 0.6%. Australian S & P / ASX

XJO, + 0.03%

was flat, as well as the South Korean Kostya

SEU, + 0.49%

Hang Seng Hong Kong

HSI, -0.13%

drop by 0.4%, while Shanghai Composite

SHCOMP, + 0.07%

dropped by almost 0.4%.

On Wall Street, S & P 500

SPX, -0.61%

The index fell by 17.57 points, or 0.6%, to 2,878.20. Dow Jones Industrial Average

DJIA, -0.72%

decreased by 190.44 points, or by 0.7%, to 26,150.58. Nasdaq Composite

COMP, -0,56%

decreased by 44,61 points, or by 0,6%, to 7,909.28. Russell's 2000 Index

RUT, -1.22%

shares of small capital abandoned 19.32 points, or 1.2%, or 1559.68. to charge $ 11.2 billion in tariffs for European products, including cheese, wine and helicopters. to resolve the trade conflict with China.

This surge has already made the list of goods more expensive for consumers and weighs on already slowing down the Chinese economy. Negotiations took place last week, and both sides said they were making progress.

Traders were also disappointed that the International Monetary Fund has lowered its forecast for global growth this year. The IMF now projects 3.3% of global growth in 2019, which is in line with the weakest year since 2009. The United States is particularly bad in the report, with an expected growth of 2.3%, from 2.9% in 2018.

Investors will receive more evidence of the Federal Reserve's intentions on Wednesday, when the central bank releases minutes from its latest political meeting. The European Central Bank will also meet on Wednesday.

"Against the backdrop of gusts of growth and tension in trade again, the mood in the Asian markets has been blown up again," said Jingyi Pan, an IG market strategist in Singapore. Benchmarking US Oil

CLK9, + 0.84% ​​

increased by 11 cents to $ 64.09. It dropped 0.7% to $ 63.98 a barrel on Tuesday. Brent Oil

LCOM9, + 0.69%

added 4 cents to $ 70.65 per barrel.

Dollar

USDJPY, -0.01%

fell to 111.14 yen from 111.28 yen on Tuesday. Euro

EURUSD, + 0.1510%

dropped to $ 1,1257 from $ 1.1277.

Providing critical information for the United States trading day. Subscribe to the free MarketWatch newsletter. Register here.


Source link