{"id":29063,"date":"2018-11-20T16:28:13","date_gmt":"2018-11-20T05:28:13","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=29063"},"modified":"2018-11-20T16:28:13","modified_gmt":"2018-11-20T05:28:13","slug":"tuesday-20th-november-asian-markets-fall-on-tech-weakness-nissan-pulls-down-nikkei","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-20th-november-asian-markets-fall-on-tech-weakness-nissan-pulls-down-nikkei\/","title":{"rendered":"Tuesday 20th November: Asian markets fall on tech weakness, Nissan pulls down Nikkei"},"content":{"rendered":"<div>\n<h2>\n\t\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n\t<\/h2>\n<ul>\n<li>\n\t\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei down 1.19%, Shanghai Composite down 1.63%, Hang Seng down 2.01%, ASX down 0.54%<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1223.10 (-0.18%), Silver at $14.37 (-0.26%), Brent Oil at $66.55 (-0.36%), WTI Oil at $57.06 (-0.24%)<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.065, UK 10-year yield at 1.377, Germany 10-year yield at 0.372<\/span>\n\t\t<\/li>\n<\/ul>\n<h2>\n\t\t<strong><span style=\"font-size:14px;\">News &amp; Data:<\/span><\/strong><br \/>\n\t<\/h2>\n<ul>\n<li>\n\t\t\t<span style=\"font-size:14px;\">(USD) NAHB Housing Market Index 60 vs 67 expected<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">(EUR) Current Account 17.0B vs 24.2B expected<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">(GBP) Rightmove HPI m\/m -1.70% vs 1.00% previous<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">(JPY) Trade Balance -0.30T vs -0.48T expected<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">China Central Bank Needs Regular Media Briefings, IMF Paper Says<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">Federal Reserve governor Randal Quarles poised to become FSB chair<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">Kuroda: I believe we will be able to gradually achieve 2% inflation<\/span>\n\t\t<\/li>\n<\/ul>\n<h2>\n\t\t<strong><span style=\"font-size:14px;\">Markets Update:<\/span><\/strong><br \/>\n\t<\/h2>\n<p>\n\t\t<span style=\"font-size:14px;\">Asian stock markets skidded on Tuesday, extending sharp losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency.<\/span>\n\t<\/p>\n<p>\n\t\t<span style=\"font-size:14px;\">Shares of Japanese automaker Nissan were down 5.51 percent in afternoon trade on Tuesday after its chairman, Carlos Ghosn, was arrested a day earlier over allegations of financial misconduct. The broader Japanese market also fell Tuesday afternoon, with the benchmark Nikkei 225 down 1.2 percent and the Topix index lower by 0.9 percent.<\/span>\n\t<\/p>\n<p>\n\t\t<span style=\"font-size:14px;\">The mainland Chinese markets were also negative territory by the end of the morning session. The Shanghai composite fell 1.63 percent while the Shenzhen composite shed 1.76 percent. Hong Kong&#39;s Hang Seng index also fell 2.01 percent. Australia&#39;s ASX 200 was down 0.47 percent in afternoon trade, with almost all sectors in negative territory.<\/span>\n\t<\/p>\n<p>\n\t\t<span style=\"font-size:14px;\">In currencies, the dollar struggled at a near two-week low against a basket of currencies. The greenback was hit after data released on Monday showed U.S. home builder sentiment recorded its steepest one-month drop in over 4-1\/2 years in November. Crude oil ran out of steam after gaining the previous day on reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.<a name=\"_GoBack\"><\/a><\/span>\n\t<\/p>\n<h2>\n\t\t<strong><span style=\"font-size:14px;\">Upcoming Events:<\/span><\/strong><br \/>\n\t<\/h2>\n<ul>\n<li>\n\t\t\t<span style=\"font-size:14px;\">09:20 AM GMT &#8211; (AUD) RBA Gov Lowe Speaks<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">Tentative &#8211; (All) OPEC-JMMC Meetings<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">11:00 AM GMT &#8211; (GBP) Inflation Report Hearings<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Building Permits<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">02:30 PM GMT &#8211; (USD) Housing Starts<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (EUR) German Buba President Weidmann Speaks<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">06:45 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<span style=\"font-size:14px;\">11:00 PM GMT &#8211; (CAD) Gov Council Member Lane Speaks<\/span>\n\t\t<\/li>\n<li>\n\t\t\t<a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a>\n\t\t<\/li>\n<\/ul>\n<p>\n\t\t&nbsp;\n\t<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 1.19%, Shanghai Composite down 1.63%, Hang Seng down 2.01%, ASX down 0.54% Commodities : Gold at $1223.10 (-0.18%), Silver at $14.37 (-0.26%), Brent Oil at $66.55 (-0.36%), WTI Oil at $57.06 (-0.24%) Rates : US 10-year yield at 3.065, UK 10-year yield at 1.377, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-20th-november-asian-markets-fall-on-tech-weakness-nissan-pulls-down-nikkei\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 20th November: Asian markets fall on tech weakness, Nissan pulls down Nikkei<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":29064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29063","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\/29063","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=29063"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29063\/revisions"}],"predecessor-version":[{"id":29065,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/29063\/revisions\/29065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/29064"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=29063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=29063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=29063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}