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Deep red all across the Asia-Pacific

FXstreet.com (Barcelona) - After the -1.35% close for US SP500 in NY following FED's tapering advance, local share markets are all in the deep red without exceptions. If not enough, worst HSBC flash manufacturing PMI figures in China in 9 months, has sent Hong-Kong's Hang-Seng leading the selling down -2.28%, while Shanghai Composite index is also down -1.13%.

The Australian ASX index has also been hit by the news falling at the moment more than -2.10%, while Korean Kospi is down -1.4%. The Nikkei index dips -1.01% at 13100 points recovering from around the 13k round session lows, after a +1.83% gain posted yesterday.

EUR/AUD surpasses 1.4250, buyers discover new upside potential

The EUR/AUD finished the day with strong gains, climbing another 203 pips to close at 1.4321 (highest daily close since March 16th, 2011)
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Flash: The biggest risk factor is China's financial bubble - RBS

The big risk factor for global markets is risk of air being let out of a financial bubble in China, reiterates Greg Gibbs, FX Strategist at RBS, after sharing his view on the Chinese cash crunch yesterday too.
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