|Day's Range||10,589.47 - 10,667.94|
|52 Week Range||9,319.28 - 11,261.68|
Asian markets were mixed in early trading Friday, as investors pondered the effects of the U.S. Federal Reserve’s more dovish stance.
Asian markets had a mixed session Thursday after the U.S. Federal Reserve kept interest rates unchanged and indicated there would be no rate hikes for the rest of the year.
Traders woke up to Federal Reserve Chairman Jerome Powell’s comments that the central bank would keep interest rates on hold for “some time” as global risks weigh on the U.S. economy and inflation remains muted. It’s the most intense day for earnings in Hong Kong since October 2017, with the benchmark gauge on the brink of a bull market and traders looking for any signs the good times will continue to roll. Tencent, the biggest component of Asia’s benchmark index, comes into its latest report on a wave of investor optimism.
(Bloomberg) -- Stock markets across Asia sank as concerns surrounding global growth mounted, with the region’s benchmark index set for its biggest plunge of the year. Chinese shares plunged the most as traders took a sell rating from the nation’s largest brokerage as a sign that the government wants to slow down the rally.
The MSCI Asia Pacific Index fell 0.3 percent to halt a two-day advance as major equity gauges across the region slipped. Stock benchmarks of key trade partners Japan and South Korea were some of the biggest decliners, putting pressure on the rally that restored $3 trillion in Asian equities this year. China lowered the country’s goal for gross domestic product to a range of 6 percent to 6.5 percent in 2019, released in Premier Li Keqiang’s annual work report ahead of his speech to kick off the National People’s Congress.
Asian markets declined Tuesday, backtracking from Monday’s rally spurred by news that President Donald Trump had pushed back a deadline for raising tariffs on imports from China.
President Donald Trump said in a Twitter posting Sunday evening he’ll extend the deadline to raise tariffs on Chinese goods past March 1 as “substantial progress” has been made in the latest round of trade talks that just wrapped up in Washington. The CSI 300 Index surged about 6 percent, its biggest gain since August 2015 and entered a bull market, while other key gauges including Japan’s and Hong Kong’s advanced to a lesser degree. “The high-frequency engagement between Beijing and Washington at a senior level implies that both sides are looking for some form of settlement,” Tai Hui, chief market strategist for Asia Pacific with JPMorgan Asset Management, wrote in a note Monday.
Shares were lower in Asia on Monday, extending the latest losses on Wall Street, as China reported a slowdown in exports.
Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s attack on the U.S. central bank.