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Negative moods are shifted to Asian trade

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Attention was focused on Asia in today's session after strong sale yesterday on Wall Street.

Shares in Australia went down in early trading. ASX200 started down by 1.18%, with all sectors of the economy shining red. The ASX200 financial sub-index was down 0.5%.

Japan's Nikkei 225 and South Korean KOSPI launched the Asian session red, followed by China, where the indices also started in red.

US SIP indices plunged as DOW dropped 551 points, S & P500 fell 1.8% to NASDAQ by 1.7%. Falling down the indices was again driven by the technical sector and the members of FAANG shares - Facebook, Amazon, Apple, Netflix and Google. They all shut up in bearish territory. With today's sell-off, the growth rates for 2018 were down.

Petrol went down sharply down 7% after four days on a slight rise. WTI stopped trading at $ 53.43, and BRENT found stability around $ 62.36 a barrel. The decline in oil came after a statement by Donald Trump, which made it clear that the United States remained a faithful ally of Saudi Arabia even after a strong criticism of the Kingdom following the assassination of journalist Jamal Khashoggi by Saudi agents.

With FX, the US dollar remained strong, holding index levels around 96,836. The Japanese yen was favored by investors and rose, and the Australian dollar remained under the pressure of the Commerce War and traded at about $ 0.7213 after its peak today, at about $ 0.729.


 Trader Martin Nikolov

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