Market Talk – Monday, Sept. 21

ASIA:

ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States. ByteDance said on Monday that it would own 80% of TikTok Global, a newly created US company that will own most of the app’s operations worldwide. ByteDance added that TikTok Global will become its subsidiary. Oracle and Walmart Inc, which have agreed to take stakes in TikTok Global of 12.5% and 7.5% respectively, had said on Saturday that majority ownership of TikTok would be in American hands. On Monday, Oracle said ByteDance’s ownership of TikTok would be distributed to ByteDance’s investors, and that the Beijing-based firm would have no stake in TikTok Global.

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 closed
  • Shanghai decreased 21.15 points or -0.63% to 3,316.94
  • Hang Seng decreased 504.72 points or -2.06% to 23,950.69
  • ASX 200 decreased 41.90 points or -0.71% to 5,822.60
  • Kospi decreased 23.01 points or -0.95% to 2,389.39
  • SENSEX decreased 811.68 points or -2.09% to 38,034.14
  • Nifty50 decreased 254.4 points or -2.21% to 11,250.55

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00703 or -0.96% to 0.72216
  • NZDUSD decreased 0.0093 or -1.38% to 0.66672
  • USDJPY increased 0.13 or 0.13% to 104.69
  • USDCNY increased 0.01481 or 0.22% to 6.79339

Precious Metals:

  • Gold decreased 36.99 USD/t oz. or -1.90% to 1,912.70
  • Silver decreased 2.01 USD/t. oz or -7.49% to 24.759

Some economic news from last night:

China:

PBoC Loan Prime Rate remain the same at 3.85%

New Zealand:

Credit Card Spending (YoY) decreased from -5.0% to -11.9%

Some economic news from today:

Hong Kong:

CPI (YoY) (Aug) increased from -2.30% to -0.40%

EUROPE/EMEA:

Germany’s largest support organization in the field of international academic cooperation, the German Academic Exchange Service, widely known as DAAD, has asked from the German Ministry of Foreign Affairs to resume visa application procedures for students from third countries. The request has been directed to the Ministry after thousands of students have ‘protested’ through social medial the closure of German Embassies and visa centers, claiming they risk losing their place at German universities for not succeeding to get their visa on time.

1 2 3
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.