Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
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Asian markets are responding to the sharp declines recorded on Wall Street on Friday and are falling at high rates. The Japanese Nikkei and Hong Kong indices are cut by 2.8% each, with the Shanghai index losing 1.1%. The South Korean Kospi index dipped by almost 3% and also in Taiwan, India and Indonesia the screens are red. In Australia the stock market is on holiday today.
Extremely sharp declines are recorded in the Japanese softbank corporation, which is deleting 4.8% in Tokyo, Sony is losing 4% and automakers Toyota, Nissan and Mitsubishi are also retreating. In Hong Kong, the declines in various technology stocks are leading, led by Alibaba, which was cut by 5.9%, Tencent, which is down more than 4%, and Shiomi and Mituan, which are losing 3.5% each.
In the futures trading arena, the declines are also sharp: contracts on the Nasdaq are down 1.8%, on the S & P500 are down 1.3% and on the Dow Jones are down 0.9%. At the same time, US government bond yields continue To jump and the 10-year bond yield jumps by 3 points to 3.18%. The two-year bond yield almost catches up, and jumps by 12 basis points to 3.17%.
In the crypto market, which also operated over the weekend and continued its negative momentum, declines are being recorded at high rates. Bitcoin was cut by 7.5% and dropped to $ 25.5 thousand, for the first time since December 2020. Atherium was also cut sharply and its price dropped to $ 1,357.
In the commodities segment, contract prices for crude oil fall by about 1.5%. Brent drops to $ 120.2 a barrel and US oil to $ 118.9 a barrel.