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Asian Markets moved to the red zone following the downtrend in Wall Street on account of Trump’s government shutdown threat

Stocks in Asia declined early in the session after the U.S. President, Donald Trump, released a threatening statement about a possible government shutdown which stopped the recovery in the dollar.

Tuesday this week, Trump said that he would be willing to “close down” the government to secure funds needed in order to build a wall along the border of Mexico and the U.S.

As a result, stocks in Wall Street closed lower dragging down the Asian markets. Japans’ Nikkei 225 was down by 0.26 percent as early as the session started. Australia’s S&P/ASX 200 was down by 0.4 percent, with gains coming from the materials sub-index offsetting some of the losses in the utilities sub-index. Korea’s Kospi bucked the trend advancing by 0.17 percent.

Markets in Hong Kong are set to continue operations after being temporarily closed due to the Typhoon Hato.

Gold ends in higher positions as the dollar drops

Gold ended the session in higher positions, regaining some of its losses in the previous sessions. Investors were looking for a safe haven against the uncertainty that characterized the dollar (The dollar Index fell by almost 4% on Wednesday). Losses in U.S. equities supported the yellow metal as well.

After losing almost 0.4% in the previous session, gold futures for December went higher by $3.70 adding 0.3% and closing at at $1,294.70 per ounce.

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.