• MTS Futures News_AM_20181105

    5 Nov 2018 | SET News

·         U.S. stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over U.S.-China trade talks.


The Dow Jones Industrial Average .DJI fell 109.91 points, or 0.43 percent, to 25,270.83, the S&P 500 .SPX lost 17.31 points, or 0.63 percent, to 2,723.06, and the Nasdaq Composite .IXIC dropped 77.06 points, or 1.04 percent, to 7,356.99.


Still, the S&P 500 and Nasdaq registered their biggest weekly percentage gains since May, while the Dow posted its biggest weekly gain since June. For the week, the S&P 500 and Dow each rose 2.4 percent and the Nasdaq climbed 2.7 percent.

·         Asia Pacific markets fell Monday morning as investors remained cautious over global growth prospects and awaited a speech from Chinese President Xi Jinping.


Xi's opening speech will kick off the week-long China International Import Expo that promotes the world's second largest economy as a major consumer of global goods. The event, announced more than a year ago, will stand in contrast to the ongoing trade fight between Beijing and Washington.


The speech comes a day before Americans head to the polls for midterm elections.


In Japan, the Nikkei 225 fell 1.23 percent in early trade while the Topix index declined 1.02 percent. South Korea's Kospi fell 0.82 percent.

·         Australia's ASX 200 declined 0.48 percent, with most sectors trading down. The energy sector was off 1.29 percent as oil stocks sold off. Shares of Santos fell 1.08 percent, Oil Search was down 1.17 percent and Woodside Petroleum declined 1.84 percent.

Reference: Reuters, CNBC

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