Nikkei 225 sank 5 percent on Tuesday for the biggest single-day drop since November 2016, taking its cue from U.S. equities, which tumbled during a shortened trading day on Christmas Eve. Nikkei 225 Stock Average plunged below 20,000 and slipped into a bear market, declined 21% decline from a high on Oct. 2.
Today, Asian stocks saw a volatile session Wednesday, with Japanese equities closing higher on a wave of late buying after rising and falling through the session. U.S. stock futures also swung as investors gauge how much selling pressure remains after this month’s rout.
Contracts on the S&P 500 Index slumped earlier after CNN reported that President Donald Trump’s frustration with Treasury Secretary Steven Mnuchin is rising. Korean shares tumbled after a holiday there, and Shanghai stocks fell for a second day. Markets in Australia and Hong Kong were closed. The MSCI Asia Pacific Index traded near a 22-month low, with a small bounce today doing little to ease the pain of what’s been the most brutal month for global equities since 2008. The dollar was flat, Treasury yields ticked lower.
Nikkei +0.89% Hang Seng closed CSI -0.51% Shanghai -0.26% Shenzen -0.42%
Eur$ 1.1392 CNH 6.8938 CNy 6.8829 JPY 110.48 GBP 1.2699 VHF 0.9882 RUB 69.1034 TRY 5.2938 WTI$42.91 +0.89%
S&P +0.36% EuroStoxx Closed FTSE Closed Dax Closed SMI Closed
Macro :
- Trump Expresses Confidence in Fed After Reports on Firing Chair
- Trump Urges Buying the Dip After Stocks Sink on D.C. Dysfunction
- China May Cut Alternative Energy Car Susbidy by 30%: SEC. Daily (BMW / DAI)
- Chinese Cities Delay Stricter Auto Emissions Standards as Local Carmakers Struggle to Keep Up
Keep an eye on :
- AAPL US : Huawei to overtake Apple as world's No. 2 smartphone seller, Shipments in 2018 surpass 200m - Nikkei
- FER SM : Ferrovial to Transfer Holding Co. to Holland From UK: Expansion
- PHOR LI : PhosAgro to Merge Metachem and PhosAgro-Trans with Apatit
- RNO FP : Nissan Alters Governance Code, Won’t Rule Out Renault Stake Sale --> 7201 -5.07%
- RNO FP : Tokyo Court Grants Nissan’s Kelly Bail, Sets 70m Yen Bond: NHK -->
- RNO FP : Prosecutors Appeal Tokyo Court’s Decision on Greg Kelly’s Bail
- RNO FP / 4201 JP : Shiga, Possible Successor to Ghosn, Resigns Shiseido Board Role
- SHP LN : Takeda (4502 JP) -5.08%