Asian shares decline on weak Chinese data

14.08.2020 - Kulakov Vladimir
Asian shares decline on weak Chinese data

Asian shares were seen struggling on Friday. This followed after weak Chinese economic data and worries about a delay in U.S. fiscal stimulus dampened investors’ risk appetite.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.24% decline. Japan’s benchmark index Nikkei advanced 0.07%. Meanwhile, South Korean stocks dropped as new coronavirus infections in the country hit the sharpest record since March.

Chinese shares fell 0.1%, erasing initial earnings as the country’s industrial activity placed below expectations. More so, an unexpected drop in retail sales heavily contributed to investors’ subdued sentiment.

E-mini futures for the S&P 500 tallied a 0.23% gain. After trading above its record peak, the S&P 500 was seen lower on Thursday as stimulus-related concerns capped its performance.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?