American bloodbath set to hit Asian stocks again

26.03.2018 / 02:12

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A resurgence of volatility on Wall Street signals another bout of selling for Asian stocks. The S&P 500, the Dow and the Nasdaq all just experienced their worst week since early 2016.

While Mnuchin expressed cautious optimism that the U.S. and China can reach an agreement, the threat of a trade war will continue to hang over stock markets until there's some clarity on the new U.S. tariffs list due in two weeks' time.

Just like in the U.S., financials and technology stocks are likely to lead the drop in Asia, with the two sectors having the biggest weightings on benchmark indexes throughout the region. China will be in particular focus after state funds were said to intervene to buy energy stocks and financials to contain losses into Friday's close.

Source: Bloomberg Pro Terminal

Trader Aleksandar Kumanov

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American bloodbath set to hit Asian stocks again

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