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U.S. equities declined on the first trading day of the week, with sharp declines in key technical names contributing to the 1.39% decline in Nasdaq Composite for the day. The high-tech index closed Monday at 7,630 and recorded a decline of 3.86% over three days, its largest since March.
The so-called FANG shares, referring to a large equity group Monday, Netflix fell by 5.7%, Amazon and Google's Alphabet by respectively 1.8% and 2%, and Facebook lost 2.1% as a result of quarterly results and disappointing forecasts from last week. [19659003] Other US indexes have seen slimmer losses. The Dow Jones Industrial Average fell 0.57% or 144.23 points to close at 25,306.83 and the S & P 500 fell 0.58% to 2.8202.6%.
Central banks became a priority for investors, with the Bank of Japan concluding its two day policy meetings later in the day. Reports have shown that the central bank could change its policy to make its program more sustainable.
The Federal Reserve's Federal Open Market Committee, meanwhile, had to start its own monetary policy meeting on Tuesday. decision due Wednesday. The Fed should maintain rates at the end of its trading session
The dollar broadly eased overnight, with the dollar index set at 94,324. Against the yen, however, the greenback was mostly stable at 11:01 am at 7:00 am HK / SIN.
On the profit front, companies reporting results on Tuesday include Samsung Electronics, Standard Chartered and Nintendo.
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