Asia stocks dented by trade war, Brexit showdown paralyses pound

The sharp fall in August led to a slight rise in US bonds while the European market fell slightly. Meanwhile, pound sterling falls just below $ 1.2, the lowest level since January 2017.

Currency dealers monitor exchange rates in front of a screen showing Korean benchmark stock index (L) and Korean Won / Dollar exchange rate (R) on March 25, 2019, on the exchange of KEB Hana Bank in Seoul.

Currency dealers monitor exchange rates in front of the screen showing Korean benchmark stock index (L) and Korean Won / Dollar exchange rate (R) on the exchanges of Seoul KEB Hana Bank on March 25, 2019.
(AFP Archive)

Tuesday global stocks fell
Wounded by US-China trade friction while the British pound fell
To the lowest level since January 2017 due to political uncertainty
Prime Minister Boris Johnson tried to disrupt the efforts of lawmakers
Stop Brexit without a deal.

MSCI's most extensive index among Asia Pacific stocks outside Japan
0.7{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} shed. India closed on Monday led to losses
1{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} drop in benchmark
Economic growth data worse than expected on Friday.

Mainland Chinese shares fell slightly, while the Japanese Nikkei rose 0.1 percent.

European Stocks Expect to Fall on Pan-European Euros
Stoxx 50 futures fell 0.09{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.

Korea-China trade war

As the trade wars expanded, the United States
15{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} tariff imposed on various Chinese goods on Sunday
China has begun to impose new obligations on US oil.

President Donald Trump has two sides
I will still meet for the conversation later this month.
Small sign of weakening.

China has filed a complaint about Monday
US of the World Trade Organization through US imports
In violation of the latest customs measures
The agreement between China and the US leaders
Meeting in Osaka.

"We have a lot of problems around the world.
US-China trade war and Brexit. But investors
Director Ueno Hiroyuki
Strategist at Mitsui Sumitomo Trust Asset Management.

"Nobody in Washington and Beijing
Problem. But as long as the US economy continues,
The price will be limited to fall. ”

United performance

US Manufacturing Survey of Supply Institute
Management (ISM), scheduled for 1400 GMT on Tuesday,

US manufacturing activity has slowed
In recent months, the ISM's index has remained above 50.
This sector is pointing to growth.

US bond yields have had a significant impact on post-market profits
Vacation in the US on Monday.

10-year Treasury yield on the US rose 2.5 basis points
1.532{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}, down 1.443{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} in three years

Last month's yield dropped 51.5 basis points.
The biggest monthly decline since August 2011.

Brexit effect

In the currency market, sterling fell 0.58{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.
$ 1.1993, expanding to its lowest level since January 2017
Monday fell 0.85{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.

Johnson tacitly warned lawmakers on Monday.
If they tie their hands, they will demand an election on October 14.
From Brexit
UK departs from European Union

On Tuesday, lawmakers decide whether to move the UK
One step closer to snap elections when they vote for the first election
Planning steps to block Johnson from trading
Breck sheet.

"According to the development of British politics
In the next few weeks, you could see a drastic movement. We think it
Sumino Kamei is
Senior Currency Strategist at MUFG Bank.

Uncertainty about Brexit has already affected the UK economy.
IHS Markit / CIPS survey showing UK manufacturing
Last month we signed the contract at the fastest rate in seven years.

Pictures are not so good in Europe.
Central banks are widely expected to cut interest rates further
Alleviate the blow to a negative level next week

The average currency fell 0.25 percent, to a two-year low of $ 1.0939.

German government bond yields over two years
Recorded an all-time low at minus 0.964{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}, recorded at the beginning of 2017 with minus 0.919{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} on Monday

On Tuesday, the Chinese dollar fell offshore Chinese yuan to about 7.2 per dollar, while the Australian dollar
Down 0.15 percent to $ 0.6705
The Reserve Bank of Australia maintained interest rates.

Still, Australia stayed within a toss of stones from
10-year low price of $ 0.66775 last month.

Argentine bond prices are Monday and
Official and black market pesos have swept the country
By imposing capital control on the bid
Increase the risk of default.

Peso officially closed down 0.88{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}
0.79{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} down to 63.5{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} on the black market

Oil prices also worsened due to concerns over trade wars.
US West Texas Intermediate Crude Oil Falls 0.47{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}
$ 54.84 per barrel

International Benchmark Brent Gift
$ 58.63, a 0.05{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} decrease per barrel.

Source: Reuters

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