Equity Market Handover: Asian Stocks Trimmed Earlier Losses
Kelvin Wong June 26, 2019 6:28 AM
A summary of the stock market trends & highlights from today's Asian mid-session.
Stock market snapshot as of [26/6/2019 0430 GMT]
- Ahead of the European session open, we are seeing a mix picture for Asian stock markets after a sell-off seen in the U.S. stock markets yesterday, 25 Jun led by the tech heavy Nasdaq 100 where it has declined by -1.7%.
- Earlier morning losses seen in Asian stocks have been trimmed where the Hang Seng Index and Kospi 200 have managed to inch back up almost unchanged as at today’s Asian mid-session. We have highlighted in an article that the recent sell-off seen in stocks trigged by G20 news flow may have been overdone, click here for details.
- Japan’s Nikkei 225 is the worst underperformer where it has shed by -0.45%. A point to take note is that the Index is coming close to the 20900 key medium-term pivotal support.
- European stock indices CFD futures are faring not so bad with modest loss of around -0.30% seen in the FTSE 100 and German DAX. Watch the 12180 key medium-term pivotal support on the DAX, click here for a recap on our weekly technical outlook.
- Key European/U.K economic data release and event to take note will be Germany consumer confidence survey out later at 0600 GMT and BoE Governor’s speech at 0915 GMT.
*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.
Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.