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Asian funds began to fluctuate after President Trump’s comments about China and North Korea

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Asian funds began to fluctuate after President Trump’s comments about China and North Korea
August 30
09:00 2018

Investors are very concern about political debates all over the world. After several successful sessions, the indices of the Asian region began to fall. Thus, MSCI Asia Pacific has dropped by 0.2%. Securities of technology companies are increasing in price, but this growth is being eclipsed by a decline in financial and communication fields.

Hang Seng (Hong Kong) has fallen by almost 1%, the Shanghai Composite (China) – by 0.8%, and the Shenzhen Composite – by 1.2%.

The Nikkei 225 index (Japan) has grown by 0.1%. But this growth was completely offset by the drop of Topix by 0.1%.

KOSPI (North Korea), Sensex (India) and S & P 200 (Australia) have remained the same, but SE THAI (Thailand) has grown by 0.3%.

Earlier, President Trump negatively spoke on the China’s topic, accusing the politicians of the Celestial Empire of trying to prevent the US from carrying out the nuclear disarmament of North Korea.

“The President believes that China is putting pressure on the DPRK because of the disagreements with the US authorities.” – such a statement was published by the White House. Later, Donald Trump dubbed it on his Twitter account.

Despite the negative sentiment, Japan experiences an increase in retail sales, which has exceeded all expectations. According to the forecasts, the annual growth should have been 1.2%, instead of this the market is growing by 1.5%. This trend has been maintained for 9 months.

Also, the Japanese oil corporation Inpex has distinguished by its growth. The securities have climbed by 1.3%.

The Chinese automaker (BYD) has lost 2.4% of the value of its shares. The company said that profits for the first half of the year had decreased by 70%.

Large Chinese banks are losing in capitalization. Bank of China and other organizations have lost from 0.9 to 1.5% of the cost.

Shares of Samsung Electronics (South Korea) have grown up by 2%.

 

The material was prepared with the participation of Anjela Chromova,
a leading analyst of the brokerage company CT Trade

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