• MTS Futures News_PM_20191018

    18 Oct 2019 | SET News
 
· Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal.

MSCI's broadest index of Asia-Pacific shares outside Japan was down0.3% by around 0612 GMT, erasing earlier small gains. Australian shares dropped 0.52% and Chinese blue-chips .CSI300 were off 1.53%.Japan's Nikkei .N225 ended 0.18% higher.

· Japan’s Nikkei hit a 10-month high on Friday after high-tech companies jumped on upbeat earnings from Taiwan’s TSMC while the broader market ended lower, succumbing to profit-taking after weaker-than-expected Chinese GDP data.

The Nikkei share average rose 0.18% to 22,492.68, its highest finish since early December last year, pulling back from rising as much as0.88% earlier. For the week, the Nikkei was up 3.18%.

· China stocks fell on Friday, posting their steepest daily drop in a month to end the week lower, as weaker-than-expected GDP growth deepened worries over the health of the world's second largest economy amid a trade war that is more than a year old.

The blue-chip CSI300 index .CSI300 fell 1.4%, to 3,869.38, while the Shanghai Composite Index .SSEC dropped 1.3% to 2,938.14.

· European stocks traded lower Friday morning as traders seek signals as to whether a Brexit deal agreed between the U.K. and EU will pass muster with British lawmakers in parliament.

The pan-European Stoxx 600 slipped 0.4% in early trade, autos plunging 2.3% on the back of a profit warning from Renault, while media and utilities stocks each added 0.4%.


Reference: Reuters

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