OctaFX | OctaFX Forex Broker
Open trading account

Asian equity markets collapse Thursday, led by Japan

FXstreet.com (Barcelona) - Asian equities experienced a massive pullback Thursday, following what was a tumultuous session in the United States. Widespread weakness was attributed to comments out of the FOMC, along with a long-awaited correction in Japanese markets, coinciding with a strong rebound in the JPY against the USD.

Beginning with the indices and composites, the Shanghai fell -1.26% as it settles in region of 2275.67, down -26.74 points in these moments. In addition, the Nikkei 225 is trading in negative territory, operating at just 14483.98, collapsing a staggering -1143.98 points or -7.32% at the time of writing. Finally, the Hang Seng Index has edged lower today, trading in the zone of 22669.68, presently -2.54% after a movement of -591.40 points.

Moving to commodities the prices of gold and silver are trading at USD $1379.82 and $22.34 per oz. respectively. Moreover, the price of crude dove to USD $93.29/bbl Thursday.

Flash: Korea’s external position has continued to improve - DBS Group

Read more Previous

EUR/USD in highs above 1.2880

Better-than-expected PMI data from Germany and the EMU are propping up the intraday upside in the cross, reaching the area of 1.2885/90 so far....
Read more Next
Start livechat