• MTS Futures News_PM_20191111

    11 Nov 2019 | SET News
  
· Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war.

Hong Kong's Hang Seng index .HSI led the losses in Asia, down 2.4%, after police fired live rounds at protestors on the eastern side of Hong Kong island. Cable TV and other Hong Kong media reported at least one protester being wounded. Video footage showed a protester lying in a pool of blood.

In an indication of weak start on Wall Street E-minis for the S&P500 ESc1 eased 0.3%. U.S. bond markets are closed on Monday, but currency and equity markets will open.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS retreated 1% from a six-month high to be on track for its biggest daily percentage loss since late August.

· Japanese shares consolidated their gains on Monday after a strong rally over the past few weeks on hopes of a U.S.-China trade deal, but fresh violence in Hong Kong dampened sentiment.

The Nikkei share average slipped 0.26% to 23,331.84, easing from a 13-month high hit on Friday, while the broader Topix ticked up 0.07% to 1,704.03, with advancers outnumbering decliners by a ratio of 62 to 38.

· China stocks fell on Monday, with the Shanghai index falling the most in more than four months, as investors remained wary about the economic health of the world’s second-largest economy amid uncertainties around a proposed Sino-U.S. trade deal.

The blue-chip CSI300 index fell 1.8% to 3,902.98, marking its steepest single-day decline since Aug.5, while the Shanghai Composite Index dropped 1.8% to 2,909.97 points, its worst session since July 8.

· Hong Kong stocks fell the most since late August as protests escalated after police shot and wounded a protester on Monday morning.

The Hang Seng Index dropped as much as 2.5 per cent, with local landlords plummeting. Police fired tear gas in center of the business district to disperse chanting office workers who were blocking roads. Signs that optimism over a potential US-China trade deal has been overdone added to the bearish sentiment
· European stocks opened lower Monday morning amid a dampening of optimism over U.S.-China trade, after U.S. President Donald Trump denied that he had agreed to roll back tariffs on Chinese goods.

The pan-European Stoxx 600 fell 0.4% after the opening bell, with banks and basic resources shedding 1% and 1.5% respectively as most sectors and major bourses slid into the red.


Reference: Reuters, CNBC

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