• MTS Futures News_PM_20190930

    30 Sep 2019 | SET News

· Asian stock markets, including China’s, were little changed on Monday, shrugging off news that the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat, while China's Shanghai stock index .SSEC slipped 0.1%, barely responding to any of the concerns around the latest Sino-U.S. tensions that caused the Nasdaq index .IXIC to fall more than 1% on Friday.

Risk assets took a hit in U.S. trade on Friday following news the Trump administration is considering radical new financial pressure tactics on Beijing, including the possibility of delisting Chinese companies from U.S. stock exchanges.

Trading in Chinese markets was quiet ahead of a long break. Chinese share markets will trade only on Monday this week ahead of the country’s National Day holiday, which runs until Oct. 7.

· Japan’s Nikkei average had the best month in a year although it fell on Monday after news that the U.S. administration is considering delisting Chinese companies from U.S. exchanges.

Analysts said Japanese shares are generally more sensitive to China’s economic performance than U.S. counterparts.

The benchmark Nikkei average declined 0.6% to 21,755.84, its lowest close in 2-1/2 weeks. For the month, however, it gained 5.1% to mark its best monthly performance since September 2018.

The broader Topix index dipped 1.0% to 1,587.80, with all but one of its 33 subindexes trading in negative territory. It also advanced 5.0% in September, making it the best month in nearly two years.

· Stocks in mainland China fell to their lowest in almost a month on Monday on news that the United States may curb Chinese companies’ access to U.S. capital markets, stoking fears of a major escalation in their year-long trade war.

At close, the Shanghai Composite index was down 0.9% at 2,905.19, its lowest level since Sept. 2, while the blue-chip CSI300 index was down1%.

· European stocks opened slightly lower Monday morning, amid reports the U.S. is considering imposing investment curbs on China.

The pan-European Stoxx 600 edged down by around 0.15% after the opening bell, with technology stocks falling 0.5% to lead losses while banks eked out 0.3% gains.


Reference: Reuters, CNBC

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