As Evergrande debt deadline approaches, markets react in a negative manner
Wall Street ended the day in red, with indices suffering their biggest daily drop since May, as fear of the potential collapse of China’s Evergrande drove investors to safe-haven assets. USA30 fell 1.78%, while USA500 lost 1.70%. TECH100 traded 2.19% lower.
Crude oil slumped 1.3% to $70.88 a barrel.
Gold rose 0.1% to $1,752.95 pe ounce.
Asia and Australia
Markets were down as investors in the region continued to sell off shares amid concerns about China Evergrande Group’s debt situation.
Japan225 slid 1.83% as markets re-opened after a holiday. The Bank of Japan is due to hand down its policy decision on Wednesday.
Down under, Australia200 edged down 0.11%, with the country’s national bank releasing the minutes from its latest meeting.
HongKong45 fell 0.79%.
Stocks traded significantly lower at the beginning of the week amid concerns about the health of property giant Evergrande Group. Moreover, a US Federal Reserve meeting is approaching. Germany30 traded 2% lower, while France40 fell 1.9%. At the same time, UK100 dropped 1.3%.
Brent oil fell 0.8% to $74.72 per barrel.
EUR/USD traded at 1.1711 after it lost 0.1%.
Sources: investing.com, reuters.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.