Asian markets again on negative territory

The Asian stock markets again turned red as a result of last week's sell-offs. During the Asian session, there were no major events that would have an impact on European or US markets. In summary, negative moods predominate and I expect them to shift to the markets in Europe. The sector that contributed most to the downgrades was banking, and Softbank's shares shifted the entire sector because of its close relationship with Saudi Arabia, which is facing a serious scandal and threatened with large sanctions. Softbank fell by 5.5%, Westpac by 1.51%, National Bank of Australia declined by 1.58%, Commonwealth Bank declined by 2.16%, and ANZ fell by 2.01%. I expect the negative sentiment in the banking sector to shift to Europe as increased volatility will create good prerequisites for short-term short positions.

Here are the main movements of Asian stock markets:

On the FX market, GBP and TRY were most attractive. Initially, before the opening of the markets, rumors of a Brexit deal were rushed, but later they were not justified, and official officials said the talks would remain in a standby regime until Wednesday, when the official EU-UK summit was held. TRY enjoys support after returning Pastor Branson to the United States and at the same time demonstrating support in the investigation of the states against Saudi Arabia.

The main movements of the FX market can be traced to the chart below:

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