Market Talk – Tuesday, Dec. 22


Following a US announcement of new visa restrictions on Chinese officials, China hit back with reciprocal actions Tuesday against unnamed American officials in the latest back-and-forth. The Foreign Ministry also called on President Donald Trump not to sign into law legislation approved by Congress on Tibet. The visa action came in response to a State Department announcement Monday that said the US will deny visas to Chinese Communist Party officials whose policies or actions are aimed at repressing religious groups, ethnic minorities, dissidents, or others.

The High Court of Delhi on Monday left it to regulators to decide the fate of the $3.38 billion sale of Future Group’s retail assets to Reliance. Industries Ltd, but allowed US partner Inc to raise objections to it. Hammered by the coronavirus pandemic, Future sold its retail assets to oil-to-clothes conglomerate Reliance in August. Still, Amazon said the deal breached agreements Future made with the US e-commerce leader in 2019. If the deal with Reliance goes ahead, it will delay Amazon’s goal of capturing India’s massive grocery market that Forrester Research estimates will be worth $740 billion a year by 2024.

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 278.03 points or -1.04% to 26,436.39
  • Shanghai decreased 63.79 points or -1.86% to 3,356.78
  • Hang Seng decreased 187.43 points or -0.71% to 26,119.25
  • ASX 200 decreased 70.30 points or -1.05% to 6,599.60
  • Kospi decreased 44.97 points or -1.62% to 2,733.68
  • SENSEX increased 452.73 points or 0.99% to 46,006.69
  • Nifty50 increased 137.90 points or 1.03% to 13,466.30

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00563 or -0.74% to 0.75231
  • NZDUSD decreased 0.00654 or -0.92% to 0.70332
  • USDJPY increased 0.36 or 0.35% to 103.67
  • USDCNY increased 0.00659 or 0.10% to 6.54192

Precious Metals:

  • Gold decreased 9.06 USD/t oz. or -0.48% to 1,867.15
  • Silver decreased 0.60 USD/t. oz or -2.29% to 25.563
1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.


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