• MTS Futures News_PM_20181024

    25 Oct 2018 | SET News

·         Stocks in Europe sank Thursday morning, amid a global sell-off for equities, as investors digested corporate earnings and looked ahead to a rate decision by the European Central Bank (ECB).

The pan-European Stoxx 600 was off by 0.9 percent with almost every sector in the red. Tech stocks were among the worst performers, down by 1.7 percent. Concerns regarding over-valuation in the sector were behind the drops that started on Wall Street overnight.

·         Shares tumbled in Asia on Thursday, led by declines in semiconductor makers and other technology-oriented shares, after another torrent of selling on Wall Street.
Japan's Nikkei 225 index sank sharply on the open but regained some lost ground, falling 3.7% to 21 267.18. The Shanghai Composite index slipped 1.4% percent to 2 567.92 and Hong Kong's Hang Seng index skidded 2.1%to 24 721.31.

As in New York, losses were heaviest for technology companies. Semiconductor maker Tokyo Electron lost 4% and Taiwan Semiconductor Manufacturing Co dropped 4.4%. South Korea's Samsung Electronics sank 3.8%.Japanese telecoms and energy giant Softbank lost 4.1%.

·         Japan’s Nikkei closed at it lowest in nearly seven months on Thursday with chip-related stocks suffering after fter a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011.

The Nikkei share average ended 3.7 percent down at 21,268.73, its lowest close since March 29.


Reference: Reuters, CNBC, DailyFX,Fin24

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