[ad_1]
TOKYO – Asian equities were mixed in a weakening trade on Wednesday, as trade tensions and slowing global economic growth persisted.
KEEPING THE SCORE: The Japanese benchmark Nikkei 225 slipped 0.2% to 23,414.43 early in the session, while the Australian S & P / ASX 200 rose nearly 0 , 1% to 6,045.00. Kospi of South Korea lost 0.9 percent to 2,234.50. The Hong Kongese Hang Seng added 26,598.74%, or 0.5%, while the Shanghai Composite index fell 0.2% to 2,716.91.
WALL STREET: The Dow Jones Industrial Average dropped 56.21, or 0.2%, to 26,430.57, and the Nasdaq Composite added 2.07, or less than 0.1%, to 7,738, 02.
JAPAN MACHINERY: Data on machinery orders for Japan for the month of August released on Wednesday show a sharp increase, reinforcing optimism about the economy's ability to sustain itself. According to the data, core machinery orders rose 6.8% seasonally adjusted from the previous month.
GLOBAL WATCHES: The International Monetary Fund has revised down its global economic growth forecast in its latest report, citing higher interest rates and ongoing trade battles. The IMF said the global economy would grow 3.7 percent this year, the same as 2017, but down from previous expectations of 3.9 percent. The IMF also lowered its Chinese economic growth forecast in 2019 to 6.2%, which would be its lowest since 1990.
QUOTE: "This has weighed on the sense of risk in the midst of the deteriorating relations between China and the United States over allegations of material piracy," Zhu Huani told Mizuho Bank of Singapore, referring to IMF report. "The growing degree of mistrust between the two could complicate further the already icy trade negotiations." ENERGY: US crude dropped 30 cents to 74.66 dollars a barrel. Brent Brut, the international standard, fell 17 cents to 84.83 dollars a barrel.
CURRENCIES: The dollar slipped to 113.03 Japanese Yen from 113.21 Yen on Tuesday night. The euro rose from 1.1437 dollar to 1.1511 dollar.
___
On Instagram at https://www.instagram.com/yurikageyama/?hl=en
His work can be found at https://www.apnews.com/search/yuri%20kageyama
[ad_2]
Source link
