Lola Evans
13 Aug 2019, 18:16 GMT+10
SYDNEY, Australia - Stocks in Asia extended the global downward trend on Tuesday.
All the major indices finished in the red. The extent of losses however was moderate compared to Wall Street, which reeled under increasing fears over U.S.-China trade relations, and speculation the U.S. is heading for a recession.
U.S. stocks were also impacted by the stock, currency and bond markets plunge in Argentina.
The Hong Kong Hang Seng tumbled 513.89 points or 1.99% to 25,310.83.
In Japan, the Nikkei 225 surrendered 229.38 points or 1.11% to 20,455.44.
China's Shanghai Composite dropped 17.73 points or 0.63% to 2,797.26.
The Australian All Ords fell 22.00 points or 0.33% to 6,648.26.
The euro rose a touch to 1.1188, while the British pound was little changed at 1.2058.
The Japanese yen remained strong at 105.21. The Swiss franc eased a fraction to 0.9709.
The Canadian dollar edged down to 1.3259. The Australian and New Zealand dollars were unmoved at 0.6757 and 0.6443.
Overnight on Wall Street, the Dow Jones Industrial Average was down 391 points, or 1.49%, at 25,896.44.
The Standard and Poor's 500 shedt 35.96 points, or 1.23%, to 2,882.69.
The Nasdaq Composite declined 95.73 points, or 1.2%, to 7,863.41.
The real action on Monday though was in Buenos Aires where the MERVAL index fell a massive 16,824.29 points, or 37.93%, to close at 16,824.29.
The peso dived by 30%, but managed to trim the day's losses to 15% by the end of the day, which was marked by extreme volatility.
Get a daily dose of Poland Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Poland Sun.
More InformationDUBLIN, Ireland - The eight men who were discovered hidden on a cargo ship at the Port of Waterford on ...
Canada recently voted at the United Nations for the establishment of a Palestinian state. At the same time, Canada reiterated ...
Ankara [Turkey], Dec 9 (ANI): Turkey has deported as many as 11 French nationals over links to the Islamic State ...
Alexander Pushkin (R) and Anna Kern, one of his multiple lovers who he didn't pay much respect to.Global Look Press, ...
PanARMENIAN.Net - The Syrian army (SAA) took hold of several new points in the northwestern countryside of the Al-Hasakah Governorate ...
PanARMENIAN.Net - Greek Prime Minister Kyriakos Mitsotakis has announced the need for international recognition of the Ottoman-era genocide of Greek ...
GENEVA, Switzerland - In the wake of recent protests in Iran, the top United Nations human rights official expressed alarm ...
DELHI, India - Dozens of people have died in a fire in a large factory in Delhi.Fire engines streamed through ...
WASHINGTON, DC - The U.S. Department of Justice last week joined with the U.S. Department of State and the United ...
I have already written a short critique of the majority ruling, and here I wish to expand some of its ...
WASHINGTON, DC - U.S. investigators are trying to determine what caused a Saudi air force pilot in the United States ...
TEHRAN (Tasnim) - China Friday said it had taken 'reciprocal' measures against US diplomats in the country, who will have ...