{"id":25868,"date":"2018-04-03T11:36:27","date_gmt":"2018-04-03T06:06:27","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=25868"},"modified":"2018-04-16T12:36:43","modified_gmt":"2018-04-16T07:06:43","slug":"tuesday-3rd-april-asian-markets-in-the-red-after-us-tech-selloff","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-3rd-april-asian-markets-in-the-red-after-us-tech-selloff\/","title":{"rendered":"Tuesday 3rd April: Asian markets in the red after US tech selloff"},"content":{"rendered":"<h2>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 0.34%, Shanghai Composite down 1.25%, Hang Seng down 0.59%, ASX down 0.13%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1343.50 (-0.25%), Silver at $16.55 (-0.76%), WTI Oil at $67.72 (+0.12%), Brent Oil at $63.06 (+0.08%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.741, UK 10-year yield at 1.343, Germany 10-year yield at 0.494<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Cash Rate 1.50% vs 1.50% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) 10-y Bond Auction 0.03|4.2 vs 0.06|4.5 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) ANZ Job Advertisements m\/m 0.00% vs -0.40% previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(JPY) Monetary Base y\/y 9.10% vs 9.60% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) AIG Manufacturing Index 63.1 vs 57.5 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Manufacturing Prices 78.1 vs 72.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Construction Spending m\/m 0.10% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ISM Manufacturing PMI 59.3 vs 60.1 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Final Manufacturing PMI 55.6 vs 55.7 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Australian job advertisements remain flat in March<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZ dollar falls as China retaliates over US tariffs<\/span>\n\t<\/li>\n<\/ul>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h2>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets traded in the red today, taking cues from the overnight losses on the Wall Street. While the US market fallout has reflected in the markets, regional tech weakness has also contributed to the losses. ASX has been relatively overperforming, following RBA policy meeting minutes, and a rebound in resources.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">No improvement on the China situation &ndash; although analysts have called the tariffs proposed by China as modest, having left out major sectors aircrafts and automobiles. However, there are no indications at the moment as to whether China&rsquo;s two-pronged stance is working or not.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">After three days of declines, the US dollar steadied against the yen, although it was marginally lower against a basket of major currencies. The proposed tariffs have hurt the US dollar, with investors moving away from the currency on trade concerns. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Gold inched lower today, which has been viewed by many as a sign that investors are still confident in the capacity of the markets to delivery, and that a risk averse sentiment isn&rsquo;t prevailing. Oil prices recovered slightly, after Monday&rsquo;s selloff, following reports of increased Russian production.<\/span>\n<\/p>\n<h2>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events:<\/strong><\/span><br \/>\n<\/h2>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">06:00 AM GMT &#8211; (EUR) German Retail Sales m\/m<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) Spanish Unemployment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Tentative &#8211; (NZD) GDT Price Index<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 PM GMT &#8211; (USD) FOMC Member Brainard Speaks<\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.34%, Shanghai Composite down 1.25%, Hang Seng down 0.59%, ASX down 0.13% Commodities : Gold at $1343.50 (-0.25%), Silver at $16.55 (-0.76%), WTI Oil at $67.72 (+0.12%), Brent Oil at $63.06 (+0.08%) Rates : US 10-year yield at 2.741, UK 10-year yield at 1.343, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-3rd-april-asian-markets-in-the-red-after-us-tech-selloff\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 3rd April: Asian markets in the red after US tech selloff<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=25868"}],"version-history":[{"count":6,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25868\/revisions"}],"predecessor-version":[{"id":25876,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/25868\/revisions\/25876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25869"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=25868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=25868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=25868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}