Asian shares dip amid U.S., China reports

13.09.2021 - Korneychuk Evgeniya
Asian shares dip amid U.S., China reports

Asian shares went off with a poor start on Monday, facing a week packed with major U.S. and China economic data. Japan’s Nikkei stopped just short of a height last attained in 1990.

Hopes for renewed stimulus from a new prime minister boosted the Nikkei by 4.3% during the previous week, while Topix reached the 30-year highs on Friday. However, the upward run came to a halt when Nikkei stumbled on Monday.

In the U.S., reports of the Democrats proposing a tax hike for corporations and the wealthy could spell a cautious mood.

Worries continued to pile up over China’s regulatory crackdowns following a report that Beijing is aiming to break up Alipay, the payment app by Jack Ma’s Ant Group.

MSCI’s broadest index of Asia-Pacific shares outside Japan shed 1.2%, while Chinese blue chips lost 0.5% amid mostly red markets in the region.

The Nasdaq and S&P 500 futures remained largely unchanged after their profits in the previous week.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?