- Analytics
- News and Tools
- Market News
- Asian Stocks close: stocks plunged due to a stronger yen and losses on Wall Street
Asian Stocks close: stocks plunged due to a stronger yen and losses on Wall Street
Asian stock
indices plunged due to a stronger yen and losses on Wall Street. Stocks
of the export companies traded lower as the yen increased against major
currencies. Demand for the safe haven yen was increasing. A stronger yen makes
Japanese goods less competitive abroad.
Concerns
over the China’s economy had a negative impact on Chinese stock indices. China’s
HSBC Services PMI decreased to 51.4 in April from 51.9 in March.
Indexes on
the close:
Nikkei
225 14,033.45 -424.06 -2.93%
Hang
Seng 21,746.26 -230.07 -1.05%
Shanghai
Composite 2,010.08 -17.95
-0.89%
SoftBank
Corp., the biggest investor in Alibaba Group Holding Ltd., shares dropped 5.1% after
Alibaba filed for an initial public offering in New York on Wednesday.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
