“+ o. itemList. length +” “+ this. config. text. ariaShown +”
“+ this. config. text. ariaClosed +”
Global inventory markets ended Tuesday with a surge in Asia-Pacific primary inventories and a pullback in European inventories as technology inventories continued to struggle. Geopolitical tensions remained at the forefront, with Asian investors concerned about US-China relations and European investors voicing their Brexit considerations. Knowledge of national expansion also influenced the feeling of threat, as well as the continued weakness of the technology sector.
In the spot market on Tuesday, Japan’s Nikkei 225 Index hit 23,274. 13, up 184. 18 or +0. 80. Hong Kong’s Hang Seng Index closed at 24,624. 34, up 34. 69 or + 0. 14%, and South Korea’s KOSPI Index closed at 2,401. 91, up 17. 69 or + 0. 74%.
In China, the Shanghai index stood at 3316. 42, up 23. 83 or + 0. 72% and in Australia, the S & P / ASX 200 index ended at 6. 007. 80.
Investors continued to monitor geopolitical developments after China accused the United States of “harassment” by launching a global knowledge security initiative on Tuesday.
This progression came as the United States continues to pressure China’s largest tech corporations and convince countries around the world to block them. US President Donald Trump has also recently considered the concept of “untying” from China, or refusing to have relations with the country.
In economic news, revised figures for Japan’s GDP for the April-June quarter showed that the country’s economy contracted at an annualized rate of 28. 1%, according to initial estimates at the time released through the Cabinet Office. This is worse than the initial estimates released in mid-August. which showed that the country’s economy contracted 27. 8% on an annualized basis in April-June.
In inventory market news, Chinese bottled water company Nongfu Spring’s inventories have risen more than 80% of their factor value when they were recalled in Hong Kong. Inventory reduced some of the profit, but still gained more than 50% at the close of the market.
The European fell on Tuesday as sharp falls in the dominant US tech sector continue to hurt investor sentiment.
In the spot market at 12:52 GMT, the UK’s FTSE hundred index is trading at 5,888. 16, down 49. 24 or -0. 83%. Germany’s DAX index is at 12,887. 63, down 212. 65 or -1. 62% and the French CAC 40 index is trading at 4,947. 99, down 105. 25 or -2. 22%.
In economic news, the revised knowledge showed that the second quarter GDP of the euro domain was 14. 7% year-on-year and 11% compared to the previous quarter, less than the initial estimates, but still its biggest drop on record.
In geopolitical news, in Europe, the UK plans to accelerate its arrangements to leave a deal with the European Union if a flexible deal cannot be reached with the industry this week.
The Financial Times reported that Prime Minister Boris Johnson’s government will legislate to nullify aspects of the withdrawal agreement it signed in January, and the EU warned on Monday that there will be no disagreement if this course of action is continued.
For a review of all of today’s economic events, see our economic calendar.
This article gave the impression about FX Empire
USD / JPY Price Forecast: US Dollar Falls Against Japanese Yen
Natural Fuels Value Forecasts: Craters in Herb Fuel Markets
Natural Gas Price Prediction: Prices Fall During Warmer Weather
US Dollar Index (DX) Futures Technical Analysis – Trend Up, Follow-Up Buys Weak
Oil falls below $ 37 on sell-off panic
Crude Oil Price Forecasts: Crude Oil Markets Are Hit