On Wednesday, futures in the Asian markets opened on a negative note following Trump’s dissatisfaction regarding trade talks with China. Nikkei futures in Chicago fell by 0.2 percent. Australian SPI futures declined by 0.07 percent. Japan’s Nikkei shed 0.22 percent; the Topix fell 0.9 percent with its mining subindex shedding 3.39 points. In Seoul, the Kospi went down by 0.08 percent. In contrast, MSCI’s index of Asia Pacific shares outside Japan edged higher by 0.17 percent during morning trade in Asia.
U.S. stocks on Tuesday crossed to the red zone. As in the case of Asian stocks, Wall Street reacted negatively to Trump’s statement expressing dissatisfaction with U.S.- China trade negotiations.
The DJI average shed 178.88 points and ended trading at 24,834.41 with Boeing’s shares going down by 2.5 percent. The S&P 500 lost 0.3 percent and settled at 2,724.44 with its energy sector recording the heaviest losses. The Nasdaq composite fell by 0.2 percent closing at 7,378.46 points.
In the forex market, the greenback edged higher against a collection of other major currencies as investors wait for the Federal Reserve’s minutes searching for indications of an approaching rate hike. The dollar index, which tracks the greenback against its peers, gained 0.1 percent and closed at 93.670 points. In contrast, versus the yen, the dollar slipped 0.4 percent to ¥110.48 yen, pulling back away from a four month peak of ¥111.395.