The end of October wasn’t easy for Asian markets: over the last week they’ve had shy gains and mixed losses. Given that the Asia-Pacific region has dropped by 12% over the past month, specialists talk about the global market plague.
In the circumstances of the resurfacing economical warfare tensions between America and China, international investors remain ill-affected towards Asian securities. Therefore this market is going through a really tough time. Meanwhile, some experts believe that it’s the best period to purchase the Nikkei 225 and ASX 200. The thing is that the conditions in this financial society can become even worse – and this investment will turn into a noticeable profit.
Asian Stocks in Terms and Figures
The performance of the key players on the Asian market can be defined by the following aspects:
- Nikkei 225. The Japanese’s market index added 0.75% after it was announced that the retail trade turnover spiked in this country by 2.1% as compared to the previous year.
- Tokyo Stock Price Index has also increased by 0.8%, though it seems to be damped after its impressive upper value one month ago.
- Hang Seng. The core index of Hong Kong declined a little more than -1.0%, which is not so bad in the current circumstances.
- CSI 300. The Shanghai’s stock index is also retreating with -0.8% in small hours transactions.
- Shanghai Composite. The Chinese shares took the plunge by 2%, as soon as the country’s most influential spirits producer Kweichow Moutai Co Ltd. Reported its overwhelming income statement.
- ASX 200. The index of Australia broke new lowest record over the last week and it seems unlikely to reach again its previous months’ levels.
Possible Outcomes of Asian Market’s Mixed Performance
According to analyst Dean Popplewell, October 2018 became the worst month in the past six years for global equities, and November begins with mixed results that vary from bourse to bourse. This is despite the fact of a 48-hour respite that we had on the last days of the month, when investors were balancing their portfolios. At the same time, the USA is putting up interest rates, and the trade war between China and America seems to be ready to introduce new forces, boosted up by Asia’s financial troubles.
In any case, the analyst emphasizes, all the markets will face myriad problems, and they’ll have to work hard to get out of this perspective.