Thursday, October 11, 2018

Asian markets fell after North American

Asian markets fell after North American

The main indices of China, Japan and Korea were in the red zone after the collapse in the us stock market. In minus left and New Zealand

Following the fall in quotations in the us stock market in the negative left and Asian markets. Around 8:30 GMT Shanghai CSI 300 fell by more than 4%, Hong Kong Hang Seng — more than 3%, Japanese Topix — almost 3.5%, Nikkei 225 — 4%, Korean Kospi — more than 3.5%, according to the auction. The Asian MSCI index (excluding Japan) sank 3.86%.

Almost 7% fell shares of a large Chinese telecommunications holding Tencent, traded in Hong Kong. Shares of the Japanese it giant SoftBank sank by 6%. The fall also affected UC Rusal, whose shares are also traded on the Hong Kong stock exchange: the company's securities fell by more than 6%.

Stock markets began a sharp sell-off linked to IMF warnings of financial stability risks and trade disagreements, analysts at Australia and New Zealand Banking Group, Australia's fourth-largest Bank, told Reuters.

Along with Asian markets, new Zealand falls, the WSJ notes, the NZX 50 index fell by 3.6%, which was the maximum drop in ten years — from October 16, 2008.

On Wednesday, the United States would be the major stock market indices, including NASDAQ 100, S&P 500 and Dow Jones. The latter, in particular, lost more than 800 points at the end of the session, stopping at 25598.74 points. The reasons for the fall were the fears of investors associated with the consequences of the trade war between Washington and Beijing, as well as the increase in the yield of bonds of the Ministry of Finance.

The fall in quotations in the US is also due to the fact that on September 26,the fed for the third time in the year raised the key rate to the range of 2-2.5%. This led to a massive sale of Treasury bonds, resulting in their yield was higher than 3%, notes the Financial Times.

"I think the fed went crazy," us President Donald trump commented to reporters on the fall of the us indices. Later, he added that he did not consider the reason for the fall of the indices trade war with China.