{"id":34760,"date":"2019-05-30T15:28:54","date_gmt":"2019-05-30T05:28:54","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34760"},"modified":"2019-05-30T15:28:54","modified_gmt":"2019-05-30T05:28:54","slug":"thursday-30th-may-asian-markets-lower-as-risk-sentiment-sours","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-30th-may-asian-markets-lower-as-risk-sentiment-sours\/","title":{"rendered":"Thursday 30th May: Asian markets lower as risk sentiment sours"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.42%, Shanghai Composite down 0.83%, Hang Seng down 0.52%, ASX down 0.82%<\/li>\n<li>Commodities : Gold at $1276.50 (-0.35%), Silver at $14.35 (-0.41%), Brent Oil at $68.16 (+0.43%), WTI Oil at $59.23 (+0.71%)<\/li>\n<li>Rates : US 10-year yield at 2.268, UK 10-year yield at 0.900, Germany 10-year yield at -0.172<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(AUD) Private Capital Expenditure q\/q -1.70% vs 0.50% expected<\/li>\n<li>(AUD) Building Approvals m\/m -4.70% vs 0.10% expected<\/li>\n<li>(CAD) Overnight Rate 1.75% vs 1.75% expected<\/li>\n<li>PBOC Adviser Shijin: No problem for China to keep 2019 growth above 6.2%<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly lower on Thursday, extending losses from the previous session on increased risk aversion, amid concerns about a prolonged U.S.-China trade war and its impact on global economic growth. Speculation that China may weaponize its dominance in rare earth minerals has added to investor worries.<\/p>\n<p>The Nikkei 225 in Japan slipped 0.4% in afternoon trade, as shares of index heavyweights Fast Retailing and Softbank Group declined more than 1% each. The Topix index also fell nearly 0.5%. In Australia, the ASX 200 shed 0.8% as almost all the sectors traded lower. Mainland Chinese shares declined by the afternoon, with the Shanghai composite slipping 0.8% and the Shenzhen component shedding 1.2%.<\/p>\n<p>As investors switched out of equities safe-haven assets such as government bonds found favour, with yields on German benchmark debt approaching record lows. Amid the flight-to-safety Germany\u2019s 10-year bond yield fell to a three-year trough of minus 0.179% overnight. A drop below minus 0.200% set in 2016 would take the yield to a record low.<\/p>\n<p>Lower bond yields not withstanding, the dollar index against a basket of six major currencies was steady at 98.085 and in reach of a two-year peak of 98.371 set last week, with the greenback serving as a safe haven.<\/p>\n<p>Oil prices rose modestly after an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations. The rise followed volatile trading on Wednesday, when oil prices fell to near three-month lows at one point as trade war fears also gripped the commodity markets.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>01:30 PM GMT &#8211; (CAD) Current Account<\/li>\n<li>01:30 PM GMT &#8211; (USD) Prelim GDP q\/q<\/li>\n<li>05:00 PM GMT &#8211; (USD) FOMC Member Clarida Speaks<\/li>\n<li>07:15 PM GMT &#8211; (CAD) Gov Council Member Wilkins Speaks<\/li>\n<li>Tentative &#8211; (USD) Treasury Currency Report<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.42%, Shanghai Composite down 0.83%, Hang Seng down 0.52%, ASX down 0.82% Commodities : Gold at $1276.50 (-0.35%), Silver at $14.35 (-0.41%), Brent Oil at $68.16 (+0.43%), WTI Oil at $59.23 (+0.71%) Rates : US 10-year yield at 2.268, UK 10-year yield at 0.900, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-30th-may-asian-markets-lower-as-risk-sentiment-sours\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 30th May: Asian markets lower as risk sentiment sours<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":34761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-34760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34760","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=34760"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34760\/revisions"}],"predecessor-version":[{"id":34762,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/34760\/revisions\/34762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/34761"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=34760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=34760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=34760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}