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Most Asian markets fell on Wednesday due to fears over trade disputes between major economies around the world. Oil prices rose as the United States pushed other countries toward Iran's oil imports.
GUARANTEE OF THE SCORE: The Japanese Nikkei 225 fell by 0.4% to 22,251.36 and the South Korean Kospi by 0.1% to 2,348.97. China's composite index in Shanghai fell 0.5% to 2,831.66. Hang Seng of Hong Kong fell 0.5% to 28,735.71. The Australian S & P-ASX 200 fell less than 0.1% to 6195.30. Inventories in Taiwan, Singapore and other markets in Southeast Asia were higher.
SUBCONTRACTING CHINA: Chinese stocks were the worst performers in the global market this year. The Shanghai Composite Index has fallen 14% since the beginning of the year while the Japanese Nikkei has fallen by 3% and the Hong Kong Hang Seng by 0.4%. In comparison, Wall Street has gained ground since the beginning of this year. The Nasdaq high-tech composite has gained 9.5% so far this year, while the S & P 500 index has risen by 2%. Analysts said that a combination of factors such as nervousness over trade disputes, Beijing's move to tighten liquidity and signs of slowing growth have contributed to massive sales.
"To a large extent, the Chinese market is that of speculation," said Jingyi Pan, a GI market strategist in Singapore, adding that "with the feeling of rolling over himself recently, especially on trade tensions That seems to have no end, so it should not be surprising to see the market collapse. "Mr. Pan added," The momentum of growth presents the image of the market. " a stalemate in China that is shrinking completely to attack investor confidence ".
WALL STREET: US stocks ended slightly higher on Tuesday, a day after massive sales. The S & P 500 index gained 0.2% to 2,723.06. The Dow Jones Industrial Average gained 0.1% to 24,283.11. The Nasdaq composite added 0.4% to 7,561.63. The Russell 2000 index rose 0.7% to 1,668.53.
OIL: The benchmark US crude gained 36 cents to $ 70.89 a barrel in e-commerce on the New York Mercantile Exchange. The contract added 3.6% to finish at 70.53 dollars a barrel Tuesday in New York. Brent crude, used for the price of international oils, added 24 cents to $ 76.38 a barrel in London. It rose 2.1% to $ 76.14 per barrel in the previous session. President Donald Trump, who pulled the United States out of the Iranian nuclear deal in May, is pushing foreign countries to cut their Iranian oil imports to zero by November when sanctions against the energy sector Iranian will resume.
Currencies: The dollar fell to 109.91 yen from 110.03 yen. The euro gained $ 1,166 from $ 1,166.
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