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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2019/07/29

Stocks Drop in Asia as Trade Talks, Fed in Focus: Markets Wrap


Asian stocks dipped at the start of an event-filled week that features the resumption of U.S.-China trade talks, an expected Federal Reserve interest-rate cut, further corporate-earnings releases and the monthly American payrolls report. Declines were especially notable in Hong Kong and South Korea, with benchmarks down more than 1% on local narratives. Poor Korean earnings weighed on the Kospi Index, while increasing concern about protests hit Hong Kong real estate and transport operators. Japanese and Chinese shares saw more modest declines. Futures on the S&P 500 dipped after the index closed at a fresh record high Friday. Two-year Treasury yields are around their average for the month ahead of the anticipated Fed rate cut. The yen edged up. Bloomberg 


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