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Sri Lanka Equity Forum » Stock Market Talk » Asian equities down as emerging market fears add to trade woes

Asian equities down as emerging market fears add to trade woes

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ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Asian equities down as emerging market fears add to trade woes-Sep 05 2018

AFP - Asian markets resumed their downward march Wednesday on growing concerns about emerging market economies adds to the uncertainty stoked by Donald Trump's long-running trade rows with China and Canada.

After Turkey and Argentina's recent headline-making problems, South Africa became the latest country to spark panic Tuesday with data showing a shock plunge into recession for the one-time economic starlet.

The news sent the country's rand currency plunging in a similar way to the Argentine peso and Turkish lira in recent weeks, with observers increasingly worried the problems could spread to other emerging market (EM) countries and possibly spill over into major economies.

"South Africa is back in recession and that was not expected," said Greg McKenna, chief market strategist at AxiTrader.
"The big question is whether this is a ... tipping point for EM markets and if the idiosyncratic issues are now adding up to something more structurally pernicious for EM markets. My guess? Yes, it is."

The brewing crisis has seen currencies in a number of emerging markets -- mostly with deep current account deficits -- take a hammering, with India's rupee at a record low and the Indonesian rupiah at levels last seen during the 1998 Asian financial crisis.
Adding to selling pressure on the EM currencies is the US economy's continuing strength, which is forcing the Federal Reserve to lift interest rates, in turn leading investors to seek better, safer returns in the US.

- Trade in focus -

Data showing an index of manufacturing activity hitting a 14-year high bolstered expectations the Fed will continue to lift borrowing costs. Crucial US jobs data is due out on Friday.

Equity investors remain on edge as a deadline approaches this week for a public consultation on Trump's proposal to impose tariffs on $200 billion of Chinese imports, on top of the $50 billion already being hit.

While the two sides have held low-level talks there are fears the measures will be implemented, which would spark a retaliation from Beijing, and push the world's top two economies closer to an all-out trade war.

Tokyo ended the morning session 0.3 percent lower, Hong Kong shed 0.9 percent and Shanghai fell 0.3 percent, while Singapore gave up 0.2 percent and Seoul dipped 0.1 percent.

Sydney fell 0.7 percent despite news that the Australian economy expanded far more than expected in the second quarter thanks to a pick-up in exports and consumer spending. The local dollar rose 0.5 percent.

Eyes are also on the resumption of talks Wednesday between the US and Canada aimed at reviewing the North American Free Trade Agreement. Optimism sparked by Mexico's deal last week with Washington was soon tempered by failure to close between the US and Canada, with Trump threatening to leave Ottawa out of the pact altogether.

Canadian Prime Minister Justin Trudeau stressed Tuesday that no NAFTA is better than a bad deal for his country.

- Key figures around 0230 GMT - 

Tokyo - Nikkei 225: DOWN 0.3 percent at 22,631.17 (break)

Hong Kong - Hang Seng: DOWN 0.9 percent at 27,711.98

Shanghai - Composite: DOWN 0.3 percent at 2,741.16

Euro/dollar: UP at $1.1607 from $1.1600 at 2100 GMT

Pound/dollar: DOWN at $1.2868 from $1.2900

Dollar/yen: UP at 111.55 yen from 111.45 yen

Oil - West Texas Intermediate: DOWN 39 cents at $69.48 per barrel

Oil - Brent Crude: DOWN 18 cents at $77.99 per barrel

New York - Dow: DOWN 0.1 percent at 25,952.48 (close)

London - FTSE 100: DOWN 0.6 percent at 7,457.86 (close

https://economynext.com/Asian_equiti...-11778-11.html

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Ruwan you are posting mis-leading articles without verifying.

The stock markets of our neighbour India is up today. 

Sensex gains over 50 pts, Nifty50 nears 11,550 


NEW DELHI: Equity benchmarks Nifty and Sensex opened with tepid gains on Wednesday amid weak global cues.

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@DS Wijesinghe wrote:Ruwan you are posting mis-leading articles without verifying.

The stock markets of our neighbour India is up today. 

Sensex gains over 50 pts, Nifty50 nears 11,550 


NEW DELHI: Equity benchmarks Nifty and Sensex opened with tepid gains on Wednesday amid weak global cues.
I got this from https://economynext.com/Asian_equiti...-11778-11.html DS Wink

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Of course yes, I know you are the correspondent of Economynext to the members of Sri Lanka Equity Forum Very Happy Very Happy Very Happy

I remember you posting an article from economynext in this forum which related Rohita Rajapaksha's proposing to his fiancee in some foreign country

Has economynext written an article on Chathura Senarathne's wedding at Temple Trees?

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@DS Wijesinghe wrote:Of course yes, I know you are the correspondent of Economynext to the members of Sri Lanka Equity Forum Very Happy Very Happy Very Happy

I remember you posting an article from economynext in this forum which related Rohita Rajapaksha's proposing to his fiancee in some foreign country

Has economynext written an article on Chathura Senarathne's wedding at Temple Trees?
As I told you before and many times I do not care about politics in Sri lanka just like my early morning spit Mad

I am a investor and a trader in CSE and this forum is not a political forum........ Rather than throwing mud @ each other would have been great if you stick to forum rules and help fellow investors who need advice and help Very Happy Very Happy Very Happy

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ruwan326 wrote:
@DS Wijesinghe wrote:Of course yes, I know you are the correspondent of Economynext to the members of Sri Lanka Equity Forum Very Happy Very Happy Very Happy

I remember you posting an article from economynext in this forum which related Rohita Rajapaksha's proposing to his fiancee in some foreign country

Has economynext written an article on Chathura Senarathne's wedding at Temple Trees?
As I told you before and many times I do not care about politics in Sri lanka just like my early morning spit Mad

I am a investor and a trader in CSE and this forum is not a political forum........ Rather than throwing mud @ each other would have been great if you stick to forum rules and help fellow investors who need advice and help Very Happy Very Happy Very Happy
Yeah exactly that's what we want from you.

Please stop copying and pasting political articles like Rohitha Rajapakshas proposing to his girl friend. It had no relevance to investors in this forum who are interested in investing wisely

Also please adhere to forum rules and stop throwing mud and calling names(Sumanadasa, mentally sick) on other forum members who post dissenting investing and market predictions.

Don't ridicule and slander other members in this forum please. Especially you post cartoon and other images calling other members with names, etc.

If you do not do so we also have no option but to respond and reply

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@DS Wijesinghe wrote:
@ruwan326 wrote:
@DS Wijesinghe wrote:Of course yes, I know you are the correspondent of Economynext to the members of Sri Lanka Equity Forum Very Happy Very Happy Very Happy

I remember you posting an article from economynext in this forum which related Rohita Rajapaksha's proposing to his fiancee in some foreign country

Has economynext written an article on Chathura Senarathne's wedding at Temple Trees?
As I told you before and many times I do not care about politics in Sri lanka just like my early morning spit Mad

I am a investor and a trader in CSE and this forum is not a political forum........ Rather than throwing mud @ each other would have been great if you stick to forum rules and help fellow investors who need advice and help Very Happy Very Happy Very Happy
Yeah exactly that's what we want from you.

Please stop copying and pasting political articles like Rohitha Rajapakshas proposing to his girl friend. It had no relevance to investors in this forum who are interested in investing wisely

Also please adhere to forum rules and stop throwing mud and calling names(Sumanadasa, mentally sick) on other forum members who post dissenting investing and market predictions.

Don't ridicule and slander other members in this forum please. Especially you post cartoon and other images calling other members with names, etc.

If you do not do so we also have no option but to respond and reply
People does not have manhood to put their names means nothing to me and I have no respect to those cowards DS Wink
Maharaja/widom78/79 and etc

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@DS Wijesinghe wrote:
@ruwan326 wrote:
@DS Wijesinghe wrote:Of course yes, I know you are the correspondent of Economynext to the members of Sri Lanka Equity Forum Very Happy Very Happy Very Happy

I remember you posting an article from economynext in this forum which related Rohita Rajapaksha's proposing to his fiancee in some foreign country

Has economynext written an article on Chathura Senarathne's wedding at Temple Trees?
As I told you before and many times I do not care about politics in Sri lanka just like my early morning spit Mad

I am a investor and a trader in CSE and this forum is not a political forum........ Rather than throwing mud @ each other would have been great if you stick to forum rules and help fellow investors who need advice and help Very Happy Very Happy Very Happy
Yeah exactly that's what we want from you.

Please stop copying and pasting political articles like Rohitha Rajapakshas proposing to his girl friend. It had no relevance to investors in this forum who are interested in investing wisely

Also please adhere to forum rules and stop throwing mud and calling names(Sumanadasa, mentally sick) on other forum members who post dissenting investing and market predictions.

Don't ridicule and slander other members in this forum please. Especially you post cartoon and other images calling other members with names, etc.

If you do not do so we also have no option but to respond and reply
People does not have manhood to put their names means nothing to me and I have no respect to those cowards DS Wink
Maharaja/widom78/79 and etc
Can you predict ASI next week accurately ??????
How much profit you made by now going through the post-"Market crash guaranteed" ??????

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
My investment strategy is different Ruwan. I pay little attention to the direction of the market when I want to buy or sell. In a nutshell, When the stocks I own go up I make profits by selling @ higher prices and when the stocks I want to buy go down I buy @ lower prices to make profits in future. There are so many other aspects that I look in to the companies I Buy and invest.

I will put a seperate post on the profits I have made during this bear period as I do not have enough time right now to do so 

However having said that, I always would like to know the direction of the market and what others think and their views and how they see the market would move in the future.

Some predict market will go down and some predict market will go up. Some say market will more or less remain at same level. In every country it's like that. Right now in USA many are saying their share markets will crash soon and a few say it will go up. 

No point insulting, abusing, accusing the guys who say it will come down or go up just because I think it's the other way

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
CSE goes the other ways fellow.No worries.

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@DS Wijesinghe wrote:My investment strategy is different Ruwan. I pay little attention to the direction of the market when I want to buy or sell. In a nutshell, When the stocks I own go up I make profits by selling @ higher prices and when the stocks I want to buy go down I buy @ lower prices to make profits in future. There are so many other aspects that I look in to the companies I Buy and invest.

I will put a seperate post on the profits I have made during this bear period as I do not have enough time right now to do so 

However having said that, I always would like to know the direction of the market and what others think and their views and how they see the market would move in the future.

Some predict market will go down and some predict market will go up. Some say market will more or less remain at same level. In every country it's like that. Right now in USA many are saying their share markets will crash soon and a few say it will go up. 

No point insulting, abusing, accusing the guys who say it will come down or go up just because I think it's the other way
Many valued shares beaten up and broke 52 weeks low and more........... This is a good time to pick and simply saying "Market crash guaranteed " will not attract investors  Mad If you want to post put down the resource or link Rolling Eyes  Otherwise no one gives a horse shit about predictions and fortunetelling  Wink

I have no objections about your posts and many can learn from them, lets put down the politics and continue  Very Happy

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