China’s regulatory crackdown keeps investors on their toes
Wall Street closed lower for the first time in six sessions. USA30 dropped 0.2%, while USA500 lost 0.5%. TECH100 fell 1.2%. The declines come after the record closes on Monday to start the week of earnings, and an important update policy from the Federal Reserve is due on Wednesday.
Crude oil traded 0.1% lower at $71.86 a barrel.
Gold fell 0.1% to $1,798.10 per ounce.
Asia and Australia
Stocks were mostly up, recovering from multi-month lows touched Monday, with investors keeping an eye on the US, where major companies report earnings, and the Fed meets this week. Moreover, investors worry over government regulations in the education, property, and tech sectors.
Japan225 traded 0.53% higher.
Down under, Australia200 was up 0.45%.
HongKong45 fell 0.66%.
Markets weakened Tuesday, continuing to feel the backlash of China’s regulatory scrutiny while the corporate earnings were coming in a mixed fashion. Germany30 and UK100 each traded 0.9% lower. France40 fell 0.7%.
Brent Oil fell 0.1% to $73.67 per barrel.
EUR/USD traded at 1.1782.
Sources: investing.com, seekingalpha.com