{"id":27261,"date":"2018-07-04T11:38:07","date_gmt":"2018-07-04T06:08:07","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=27261"},"modified":"2018-07-04T11:38:07","modified_gmt":"2018-07-04T06:08:07","slug":"wednesday-4th-july-asian-markets-continue-to-sink","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-4th-july-asian-markets-continue-to-sink\/","title":{"rendered":"Wednesday 4th July: Asian markets continue to sink"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.25%, Shanghai Composite down 0.68%, Hang Seng down 1.31%, ASX down 0.46%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1258.60 (+0.41%), Silver at $16.11 (+0.42%), Brent Oil at $78.11 (+0.45%), WTI Oil at $74.53 (+0.53%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.833, UK 10-year yield at 1.243, Germany 10-year yield at 0.291<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Caixin Services PMI 53.9 vs 52.7 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Trade Balance 0.83B vs 1.21B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Retail Sales m\/m 0.40% vs 0.30% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) GDT Price Index -5.00% vs -1.20% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Construction PMI 53.1 vs 52.6 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Cash Rate 1.50% vs 1.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">IMF Executive Board Concludes Article IV Consultation with the United States<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Leaked documents show China&#39;s game plan to drive a wedge into Trump&#39;s base using targeted tariffs<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Malaysia 1MDB: Ex-PM Najib is charged with corruption<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian stocks declined on Wednesday, with China markets failing to sustain late gains notched in the last session as trade jitters continued to simmer ahead of a deadline when tariffs are due to take effect. The yuan stabilized after China&rsquo;s central bank moved to calm nervous investors.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">In Japan, the Nikkei 225 traded lower, with the electric appliances sector among the worst performing in the afternoon; followed closely by semiconductors. South Korean stocks failed to hold onto early gains, while in Australia, the S&amp;P\/ASX 200 edged down by more than half a percent amid broad-based weakness.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Meanwhile, Hong Kong&#39;s Hang Seng Index fell more than 1 percent, extending the previous session&#39;s losses, with the heaviest losses seen in the energy, real estate and materials sectors. On the mainland, the Shanghai composite tracked lower once again, falling 0.68 percent after recording late gains in the previous trading session.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Major currencies were treading water as traders fretted about the fallout of the intensifying trade frictions between Washington and the rest of the world. Oil prices were supported as larger-than-expected fall in U.S. stockpiles data from the American Petroleum Institute confounded worries about supply shortage. Copper, on the other hand, hit nine-month lows on Tuesday on worries trade frictions could slow down global growth.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">08:15 AM GMT &#8211; (EUR) Spanish Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:45 AM GMT &#8211; (EUR) Italian Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:50 AM GMT &#8211; (EUR) French Final Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:55 AM GMT &#8211; (EUR) German Final Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Final Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:30 AM GMT &#8211; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.25%, Shanghai Composite down 0.68%, Hang Seng down 1.31%, ASX down 0.46% Commodities : Gold at $1258.60 (+0.41%), Silver at $16.11 (+0.42%), Brent Oil at $78.11 (+0.45%), WTI Oil at $74.53 (+0.53%) Rates : US 10-year yield at 2.833, UK 10-year yield at 1.243, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-4th-july-asian-markets-continue-to-sink\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 4th July: Asian markets continue to sink<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":26994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=27261"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27261\/revisions"}],"predecessor-version":[{"id":27262,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/27261\/revisions\/27262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/26994"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=27261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=27261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=27261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}