{"id":37852,"date":"2019-11-29T18:16:10","date_gmt":"2019-11-29T07:16:10","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=37852"},"modified":"2019-11-29T18:26:35","modified_gmt":"2019-11-29T07:26:35","slug":"friday-29th-november-asian-markets-fall-as-investors-worry-about-trade","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-29th-november-asian-markets-fall-as-investors-worry-about-trade\/","title":{"rendered":"Friday 29th November: Asian markets fall as investors worry about trade"},"content":{"rendered":"<h3><strong>\u00a0Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.49%, Shanghai Composite down 0.70%, Hang Seng down 2.16%, ASX down 0.26%<\/li>\n<li>Commodities : Gold at $1464.65 (+0.26%), Silver at $17.05 (-0.02%), Brent Oil at $63.03 (-0.38%), WTI Oil at $58.02 (-0.15%)<\/li>\n<li>Rates : US 10-year yield at 1.771, UK 10-year yield at 0.675, Germany 10-year yield at -0.365<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(CAD) Current Account -9.9B vs -9.5B expected<\/li>\n<li>(EUR) German Prelim CPI m\/m -0.80% vs -0.70% expected<\/li>\n<li>(AUD) Private Capital Expenditure q\/q -0.20% vs 0.00% expected<\/li>\n<li>(NZD) ANZ Business Confidence -26.4 vs -42.4 previous<\/li>\n<li>RBA: \u201cQE is not on our Agenda!\u201d<\/li>\n<li>BoJ\u2019s Kuroda: Japan Needs To Raise Its Potential Growth Rate<\/li>\n<li>Japan&#8217;s factory output posts biggest fall in almost two years<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian shares slipped on Friday, knocking a global stock index off its path to hitting an all-time peak as investors turned cautious, fearing a new U.S. law backing Hong Kong protesters could torpedo efforts to end the U.S.-China trade war.<\/p>\n<p>Mainland Chinese stocks slipped by the afternoon, with the Shanghai composite down 0.7% and Shenzhen composite declining 0.5%. Hong Kong\u2019s Hang Seng index led losses among major markets regionally as it fell 2.2% by the afternoon, with shares of Chinese tech giant Tencent dropping 2.5%. Elsewhere, Japan\u2019s Nikkei 225 and Topix both slipped 0.5%. South Korea\u2019s Kospi dropped 1.4% as shares of industry heavyweight Samsung Electronics fell almost 2%.<\/p>\n<p>Major currencies were kept in tight ranges amid a dearth of any other significant developments in Sino-U.S. trade talks. The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 98.317 after earlier touching a high of 98.349. As trading in major currencies slumbers, their implied volatilities, key gauges of expected swings measured by their option prices, plumbed to new record lows this week.<\/p>\n<p>Oil prices were little changed on Friday but look set to have one of the best performances in recent months in November, with Brent futures up almost 5.5% month-on-month, which would be the biggest gain since April.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>10:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/li>\n<li>01:30 PM GMT &#8211; (CAD) GDP m\/m<\/li>\n<li>01:30 PM GMT &#8211; (CAD) RMPI m\/m<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Global Markets: Asian Stock Markets : Nikkei down 0.49%, Shanghai Composite down 0.70%, Hang Seng down 2.16%, ASX down 0.26% Commodities : Gold at $1464.65 (+0.26%), Silver at $17.05 (-0.02%), Brent Oil at $63.03 (-0.38%), WTI Oil at $58.02 (-0.15%) Rates : US 10-year yield at 1.771, UK 10-year yield at 0.675, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-29th-november-asian-markets-fall-as-investors-worry-about-trade\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 29th November: Asian markets fall as investors worry about trade<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":37857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339,1],"tags":[],"class_list":["post-37852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37852","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=37852"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37852\/revisions"}],"predecessor-version":[{"id":37858,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37852\/revisions\/37858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/37857"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=37852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=37852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=37852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}