rtmark
LearnBonds.com

Stocks In The Asian Market Are Starting To Fall, With Fanuc Dropping 3.69%

fanuc

This Tuesday morning, stocks within Asian markets have dipped a bit partly due to the threat of United States President Donald Trump threatening to increase tariffs on the country. On top of this, China is combatting this by dropping agricultural purchases within its competitor. The tariff should come into place on September 1st.

In Japan, however, the Nikkei 225 fell a decent 2.61%, with Fanuc, an index fund and robot building company falling 3.69%. The Topix index fell around 2.4% as well, reports the publication.

Kospi, a South Korean space, fell 1.6%, too, with SK Hynix falling 2.92% and Australia’s S&P/ASX200 dropping 2.48%.

Of course, Wall Street is also seeing day trading stock drops for the same reasons. According to CNBC, the Dow Jones Industrial Average has fallen over 700 points, and the S&P 500 fell 3% with the Nasdaq Composite dropping 3.5%. The publication states that this is the worst drop of 2019 for these companies so far.

A Deeper Look

Essentially, the Ministry of Commerce in China claims that companies within the country will no longer buy agricultural products from America due to Trump’s claim. On top of this, the group will “not rule out” adding export tariffs on United States products that will be purchased after August 3rd.

The publication claims that on top of this, investors are looking for what may happen with the Chinese yuan which recently fell due to this same reason.

As you may know, the central bank of the country establishes a rate for its currency every day. This ensures that the asset can trade with 2% of its middle value against the U.S. dollar, which they also call the “onshore yuan,” used by forex brokers, investors, and banks.

The (midpoint) fix is likely to be below 7.0900″ says Richard Grace, the chief currency strategist and head of international economics and the Commonwealth Bank of Australia. When last checked, the offshore yuan was around 7.1268 against the greenback, reports the publication.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission on real stocks

Rating

64 traders signed up today

Visit Now

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • 0% Commission
  • Trade Stocks Via CFDs
  • Authorized & regulated by the FCA

Min Deposit

$100

Charge per Trade

Zero Commission

Rating

Visit Now

76.4% of retail investor accounts lose money when trading CFDs with this provider.

Available Assets

  • Total Number of Stocks & Shares+2000
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Future
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • Dax Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire transfer
  • Credit Cards
  • Bank Account
  • Paypal
  • Skrill
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/