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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Asian Equity Market Handover Quiet Day

Article By: ,  Financial Analyst
May 27, 2019 5:02 AM

Stock market snapshot as of [27/5/2019 0610 GMT]


  • A quiet start for the week in Asia as both the UK and U.S. cash markets will be closed today for public holidays. Positive outliers as at today’s Asian mid-session were China and Japan stock markets where the China A50 and Nikkei 225 rose by 0.83% and 0.32% respectively.
  • The main catalyst for China A50 rally had been triggered by a verbal intervention on the yuan where a top Chinese official from the banking and insurance regulator commented on Sat, 25 May that speculators “shorting the yuan will inevitably suffer from a huge loss”. In today’s Asian session, the USD/CNH (offshore yuan) had dropped by close to 200 pips from last Fri, U.S. close to print a current intraday low of 6.8980.
  • On trade related news flow, U.S. President Trump on a state visit to Japan had announced in a press conference with Japanese PM Abe that U.S. may have a trade deal with Japan in August which “smoothed” the fears of  U.S. tariffs hikes being imposed on US$50 billion worth of Japanese cars and auto parts. In addition, Trump added that U.S. is not ready to make a trade deal with China after the recent failed trade talks that led to the blacklisting of Huawei by the U.S. administration.

Macroeconomic Calendar


*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.




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