• MTS Futures News_PM_20191113

    13 Nov 2019 | SET News
  

· Asian stocks and Wall Street futures fell on Wednesday, as confusing signals over the extent of progress made in U.S.-China trade talks and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.03% to the lowest in more than a week. Hong Kong shares slumped 2% to a four-week low, battered by fears that anti-government protests appear to be spiraling out of control.

· Japanese shares slipped on Wednesday after a keenly awaited speech from U.S. President Donald Trump disappointed investors, offering few details on progress in trade talks with China.

Chaos in Hong Kong also undermined sentiment as the city prepared for more clashes, with some transport links, schools and businesses closing after an escalation of violence.

The Nikkei share average fell 0.85% to 23,319.87, having cooled since it hit an 13-month high of 23,591 on Friday. The broader Topix lost 0.55% to 1,700.33, ending a six-day winning streak.

· Shanghai stocks on Wednesday hit their lowest close in more than six weeks amid mixed signals over the extent of progress made in the U.S.-China trade talks, while an escalation of violence in Hong Kong rattled sentiment.

The blue-chip CSI300 index closed 0.1% lower at 3,899.98, while the Shanghai Composite Index ended down 0.3% at 2,905.24 points, its lowest close since Sept. 30.

· European stocks traded lower on Wednesday amid concern that U.S.-China trade talks are stalling, while escalating unrest in Hong Kong looked set to blight the handover from Asia.

The pan-European Stoxx 600 slipped 0.3% at the opening bell, with bank stocks falling 1.4% while the food and beverages sector bucked the trend to climb 0.3%.


Reference: Reuters, CNBC

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