Markets across the Asia-Pacific region were rattled for a second straight session on Tuesday after China allowed its currency to weaken further, despite being labelled a currency manipulator by the US.
Elsewhere, sharemarkets in Japan, South Korea and and Singapore finished with losses of between 0.4 to 1.5 percent on Tuesday. In late trade, mainland Chinese markets were nursing declines of between 1 to 2.4 per cent while Hong Kong's Hang Seng shed a further 1 per cent.The declines for shares came in stark contrast to the performance of currencies which stabilised.
Iron ore prices continued to slide, adding to losses seen in recent sessions. The most actively traded January 2020 iron ore futures contract in Dalian was down 1.83 per cent at 696 yuan in late trade.
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ASX in 'shock' after $90 billion wiped from market | Sky News AustraliaThe Australian stock market has slumped by 2.4 per cent by the end of trade on Tuesday, as the escalating trade war between the US and China begins to impact the market.\n\nAustralian shares have lost around $90 billion over the past two days, with technology, health care and energy sectors enduring the worst downturn.\n\nSky News Business Editor Ticky Fullerton said the market is “waking up” to the multiple “geo-political problems” that have arisen around the world, including the unfolding crisis in Hong Kong. And there goes the surplus!😂😂😂😂 And this is why super as it is currently structured is such a fallible idea... Scomo can pray it all ok...
منبع: SkyNewsAust - 🏆 7. / 78 ادامه مطلب »
'It's just been relentless' - $36 billion wiped off share marketEvery sector is deep in the red after signs that China is striking back against the US in its escalating trade war. 9News
منبع: 9NewsAUS - 🏆 10. / 72 ادامه مطلب »