Trial now

Bearish Extension


USDCHF Hovering Below Notable Resistance Area


Support Appears Exposed

STOCKS: Asian indices ran lower on the back of trade war fears after US
President Trump outlined the plans for his steel & aluminium tariffs.
- The Nikkei 225 led the way lower, receiving extra pressure from the JPY
strength that was evident on the session, last trading down 2.5%. The telecoms
sector took the biggest hit, with materials names also lagging as all of the
sectors traded lower.
- Hong Kong's Hang Send traded 1.5% lower as Energy & IT led the way.
- Chinese stocks took a hit, but took some solace from suggestions that the
tariffs will not provide China with anywhere near the economic headwinds that
Trump envisages, coupled with additional additional liquidity injections from
the PBoC; the CSI 300 last trades 0.4% lower.
- Australia's ASX 200 was down 0.9% with all sectors taking a hit.
- US index futures also dipped, with the e-mini S&P 5 ticks lower, and the mini
Dow 75 points softer thus far.
MNI London Bureau | +44 0203-865-3809 |