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Asian markets remain under pressure from the trade war

Japan Stock Exchange

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The Asian markets regained part of the losses of the last session, but they were under pressure from the trade pressure, leaving the red territory for the week. Asian stocks also remained stable.

Japan's Topix found stability during the session and the Hong Kong index opened with higher value. However, Australian stocks have declined. Kospi dropped the promotion he had recorded since the beginning of the year. Following the closing of the US session, Trump has announced that Huawei may also enter the terms of the trade agreement with China.

Exactly at the end of the week the fears of a slowdown in the global economy are growing again, as disappointing production data for the United States has only aggravated the situation. During the Asian trade, the pound remained relatively volatile. Theresa May is expected today to announce his schedule for his resignation.

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  • Topix fell 0.4%
  • Hang Seng rose slightly by 0.5%
  • Shanghai Composite recorded an increase of 0.4%
  • ASX200 is down 0.6%
  • Kospi declined by 0.9%

Currencies

  • The yen remained flat at a price of about 109.62
  • Yuan dropped 0.1% to 6.9321
  • The dollar index remained flat
  • The euro with a minimum change of around 1.1182
  • The British pound traded around 1.2661

Bonds

  • 10-year bonds held at around 2.32%
  • Australian 10-year bonds fell five basis points to 1.53%

Commodities

  • West Texas Intermediate Oil climbed 1%
  • Gold remained flat around 1283.72 an ounce

Source: Bloomberg Finance L.P.


 Trader Martin Nikolov

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