Home Blog Asian shares drop to 3-week low, US politics adds to gloom

Asian shares drop to 3-week low, US politics adds to gloom

On September 19, 2019, a girlfriend at a brokerage center in Beijing is sharing a photo with friends on a smartphone.

Asian stocks fell on Wall Street as the impeachment investigation against President Donald Trump weighed on sentiment.

On September 19, 2019, a girlfriend at a brokerage center in Beijing is sharing a photo with friends on a smartphone.

On September 19, 2019, a girlfriend at a brokerage center in Beijing is sharing a photo with friends on a smartphone.
(AP)

Asian-Chinese shares have already fallen to their three-week lows as the whistleblower's accusations against President Donald Trump were announced.

MSCI's non-Asia-Pacific stock index fell 1.72{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} to this week, while Japan's Nikkei fell 1.27{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} to 0.42{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.

Asian S & P 500 futures fell 0.2{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} after the US index fell 0.24{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} Thursday.

American impeachment

On Thursday, President Donald Trump said that in the US elections of 2020, he not only abused his office in an attempt to induce Ukrainian intervention for his political interests, but also that the White House tried to "lock" the evidence for the action.

The report was released after US House of Representatives Nancy Pelosi began his impeachment investigation this week.

Frito Fujino, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

"No one thinks the Senate will vote for impeachment if a majority of Republicans are given, but we can see more new revelations in the long process of investigation," he added.

Mixed news headlines

In the trade issue, news headlines are too mixed for investors to have a clear response.

CNBC said trade negotiations are scheduled in Washington from October 10 to 11, and Chinese diplomats said China is willing to buy more US products.

But other media reports say the US has little chance of supplying China's Huawei technology.

Huawei's main supplier, Micron Technology Inc, has lowered its share price by 7{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} in after-hours trading, forecasting first-quarter profit over its Wall Street target.

It has a stake in chips in Asia, including Samsung Electronics, SK Hynix, and Tokyo Electron.

In the currency market, the euro moved closer to 2-1 / 2 years, with concerns over the slowing of the currency block, as concerns over the recession in Germany, the largest economy, have increased.

The euro fell to $ 1.0918 after falling to $ 1.0909, the lowest since May 12, 2017.

The gloomy outlook for Europe was in contrast to the United States. Despite weakness, such as manufacturing and consumer sentiment, the United States remained relatively strong with unemployment at its lowest growth rate for nearly 50 years.

Some market participants believe the dollar has been helped by continued pressure from dollar funding after a surge in US short-term borrowing costs last week.

After rising to 107.96 on Thursday, the dollar traded at 107.73 yen.

Sterling traded on Thursday at $ 1.2330, close to the two-week low of $ 1.21.2 on Thursday, waiting for the British Parliament's next attempt to break Brexit's wreck.

After the Mexican central bank cut its main interest rate on Thursday, the Mexican peso weakened to $ 19.680 at $ 19.680, a 2-1 / 2-week low.

Oil price

Oil prices fell Friday as a sign of a rapid recovery in production in Saudi Arabia, the world's largest exporter, after concerns over potential supply disruptions were reduced due to attacks on production facilities on September 14.

Brent oil futures fell 0.83 percent per barrel to $ 62.22, but remained at a low of $ 61.23 on Wednesday, while US West Texas Intermediate (WTI) crude oil dropped 0.44 percent to $ 56.16 from $ 55.41 a barrel on Thursday.

Source: Reuters

Source Link : https://www.trtworld.com/business/asian-shares-drop-to-3-week-low-us-politics-adds-to-gloom-30149?utm_source=other&utm_medium=rss

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here