Market Talk – Monday, August 19


There are reports of military personnel in the city’s largest sports complex across the Hong Kong border in neighboring Chinese city Shenzhen. This is a reminder to Hong Kong that China is ready if the situation gets out of hand for local police. Meanwhile, a report from website Gizmodo is reporting that China’s largest state-run news agency Xinhua News is buying lots of Facebook and Twitter ads to smear the Hong Kong protestors. One of the Facebook ads discusses Democratic House Speaker Nancy Pelosi criticisms of China, calling on her to “fly to Hong Kong to see what the true facts are.”

Economic reports out of Japan state that the economy is in a decline after the impact the US-China trade war as well as their own issues with South Korea. July saw their exports drop 1.6% as well as the manufacturers business confidence drop significantly.

Trump was quite optimistic over the state of affairs with the US and China. He said that China would like to make a deal, and billions of dollars’ worth of tariffs could disappear. Apple CEO said that tariffs with China will make Apple less competitive with the likes of Samsung as he and the president had dinner on Friday night.

The major Asian stock markets had a green day today:

  • Shanghai increased 59.27 points or 2.10% to 2,883.10
  • Kospi increased 12.73 points or 0.66% to 1939.90
  • ASX 200 increased 61.90 points or 0.97% to 6,467.40
  • NIKKEI 225 increased 144.35 points or 0.71% to 20,563.16
  • Hang Seng increased 557.62 points or 2.17% to 26,291.84
  • SENSEX increased 52.16 points or 0.14% to 37,402.49

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.0004 or 0.06% to 0.6776
  • NZDUSD decreased 0.0006 or 0.09% to 0.6421
  • USDJPY increased 0.1480 or 0.14% to 106.5080
  • USDCNY increased 0.0152 or 0.22% to 7.0571

Precious Metals:

  • Gold decreased 11.25 USD/t oz. or -0.74% to 1,501.85
  • Silver decreased 0.078 USD/t. oz or -0.46% to 16.9684
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. Users' ratings are only visible to themselves.


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