Over-the-weekend clashes of American prime-minister Mike Pence and Chinse President Xi Jinping couldn’t have reflected well on Asian markets, but at the end that is what we see as the week is kicked off much better than was anticipated by us.
Asian markets both started this week and finished it with the performance that cannot be described with other words rather than mixed. The whole week was marked by a mixed performance and right now there is no guarantee that the performance is going to improve over the next weekend as there is simply too much bear behavior in the markets.
With Asian markets trying to see some of the recovery, performance of the Asian markets is extremely mixed today. Some of the major players are gaining, some are losing and that is the trading climate for today.
Selloff in the Asian markets is finally over with visible growth in the segment of the market. Mixed economic data incoming from China are making the fall even bigger, but at least the region sees recovery, unlike its American peer.
Although performance of Asian markets is still mixed, today we can see worsening of the situation as there are far more losses than gains. In the sector of the market. We can also see decline in major American tech stocks. Apple lost so much in the span of these several days that shares fell beyond the point of $200 per share. Facebook and Amazon can’t stop the fall as well.