Asian markets fell today as tensions between the US and China seemed to have escalated, causing further concern on global economic growth.

It seems as though markets have begun the month in a nervous manner. This week has already seen investors abandon stocks on concern the US-China conflict over trade and foreign policy is nowhere near being resolved.

Hopes that the two sides could reach a truce faded quickly. Washington’s decision to impose visa bans on Chinese officials – linked to the mass detention of Muslims in Xinjiang province – combined with adding further Chinese companies to a US-trade blacklist, have both weighed on the hopes that a truce would be reached at upcoming negotiations.

The ongoing dispute seems to be adding more damage to an already fragile global economy. If no progress is made at the negotiations, Chinese imports are set to rise on October 15th, according to President Trump.

Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co in Tokyo, has said:

Stock markets are still trying to price in the slowdown in global growth. The dispute between the United States and China shows no sign of ending. We’re losing confidence in the U.S. economy. There’s more uncertainty about where the Fed is really headed.

While US stock futures increased by 0.16%, sentiment has remained weak. Following the announcement of the US visa restrictions, S&P 500 closed 1.56% lower yesterday.

In the US, Fed Chairman Jerome Powell has hinted at further interest rate cuts after the recent drop in market rates, causing the US Treasury yield curve to steepen.  

Ongoing concerns of continued violent protests against China’s rule of the former British colony has resulted in a fall of 0.68% in Hong Kong shares. As for Japan, Nikkei fell by 0.73%, its biggest decline in a week. 

AAPL, of tech-giant Apple Inc, also suffered a loss in Greater China. 

Elsewhere, Germany’s DAX increased by 0.03%. US crude fell 0.48% to $52.38 per barrel. Brent crude also fell 0.41% to $58.00 a barrel.

Keeping up-to-date with news & foreign currency exchange rates will give you a good foundation for trading and allow you to better identify good investments in the long run. Trade with a simple, yet effective broker, fund your account today. 

TIO Staff


  1. Avatar

    Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  2. Avatar

    Wonderful site. Lots of useful information here. I?¦m sending it to some buddies ans additionally sharing in delicious. And obviously, thank you to your sweat!

  3. Avatar

    Thank you for sharing superb informations. Your web-site is very cool. I’m impressed by the details that you’ve on this site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found simply the info I already searched everywhere and just could not come across. What a great web site.

Write A Comment


Get our latest market analysis by email, daily