Asian shares resist Wall Street decline; economy, election concerns drag gains

18.09.2020 - Korneychuk Evgeniya
Asian shares resist Wall Street decline; economy, election concerns drag gains

While there was a decline on Wall Street, Asian shares still advanced on Friday. However, shares were restricted from gaining further as worries about a dwindling economic rebound made investors cautious and prompted them to resort to safer assets.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.2% gain. The index is set to finish its weekly session 1% higher. This is expected after it monitored two consecutive weeks of tech-driven decline.

Japan’s benchmark index Nikkei hiked 0.1%. Australia’s ASX 200 was muted, while shares in Shanghai, Hong Kong, and Seoul jumped between 0.2% and 0.4%. Futures for the S&P 500 were seen 0,2% lower. However, Nasdaq futures salvaged losses and recorded a 0.07% earning.

Oil prices were seen upbeat as OPEC flagged a crackdown on member states that refused to implement output reduction. Meanwhile, the dollar dropped after it soared amid Wednesday’s Fed meeting.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 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 Market solutions 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 umarkets.ai or Market Solutions limited." 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?