2022-10-30

Asian stock markets tumbled on Tuesday, closing in on the world’s top, in terms of value, market, market capitalization. The Shanghai Composite Index lost 2.6% at the close, to 22,144.92. Other Asian markets closed for the day lower as well, with the Nikkei down 1.3% and the KOSPI Index falling 0.6%. The composite index fell to its lowest level in five weeks, as investors pulled money from stocks and into safe assets. They also were looking for safe havens in the wake of the U.S. presidential election, which saw the major party candidates Eyeing Protectionism. U.S. stocks were mixed in early trade, with the Dow Jones industrial index rising 0.4% and the S&P 500 rising 0.3%. Chinese markets, which closed for the day, tumbled, with the Shanghai Composite Index losing 2.6% at the close, to 22,144.92. Other Asian markets closed for the day lower as well, with the Nikkei down 1.3% and the KOSPI Index falling 0.6%. The composite index fell to its lowest level in five weeks, as investors pulled money from stocks and into safe assets. They also were looking for safe havens in the wake of the U.S. presidential election, which saw the major party candidates Eyeing Protectionism. U.S. stocks were mixed in early trade, with the Dow Jones

China’s steel stocks fall in value, impact on commodities
China’s Steel Mills and Steel Reserves, along with other domestic stocks, fell in value on Monday, with the Shanghai Composite Index falling 1.9%. Other Asian markets also closed lower, with the Nikkei down 1.3% and the KOSPI Index falling 0.6%. The composite index fell to its lowest level in five weeks, as investors pulled money from stocks and into safe assets. They also were looking for safe havens in the wake of the U.S. presidential election, which saw the major party candidates Eyeing Protectionism. U.S. stocks were mixed in early trade, with the Dow Jones industrial index rising 0.4% and the S&P 500 rising 0.3%. Chinese markets, which closed for the day, tumbled, with the Shanghai Composite Index losing 2.6% at the close, to 22,144.92. Other Asian markets closed for the day lower as well, with the Nikkei down 1.3% and the KOSPI Index falling 0.6%. The composite index fell to its lowest level in five weeks, as investors pulled money from stocks and into safe assets. They also were looking for safe havens in the wake of the U.S. presidential election, which saw the major party candidates Eyeing Protectionism. U.S. stocks were mixed in early trade, with the Dow Jones

U.S. stocks face protectionism fears
U.S. stocks may be in for a bumpy ride in the months ahead, according to analysts, following the results of the presidential election. One risk is that of protectionism, which could slow global trade, spook financial markets and hurt the outlook for stocks around the world. If this happened, it might also hurt U.S. stocks, spook financial markets and hurt the outlook for stocks around the world. “On the one hand, a Trump presidency could be a positive for the financial markets. On the other, it could be a bumpy ride, with uncertainty and the potential for protectionism,”said D.A. Davidson’s chief market strategist, Dan Zidlicky. “As for now, we’re taking a wait-and-see approach.” U.S. stocks may be in for a bumpy ride in the months ahead, according to analysts, following the results of the presidential election. One risk is that of protectionism, which could slow global trade, spook financial markets and hurt the outlook for stocks around the world. If this happened, it might also hurt U.S. stocks, spook financial markets and hurt the outlook for stocks around the world. “On the one hand, a Trump presidency could be a positive for the financial markets. On the other, it could be a bumpy ride, with uncertainty and the potential for protectionism,”said D.A. Davidson’s chief market strategist, Dan Zidlicky. “As for now, we’re taking a wait-and-see approach.”

The Dollar stronger ahead of business meetings
The dollar may strengthen against most major currencies ahead of meetings between world leaders later this month. The Federal Reserve, which raised rates in December, has said that it is mindful of the dollar’s strength and will take steps to avoid a strengthening of the currency above its level of 60 cents per dollar. The dollar may strengthen against most major currencies ahead of meetings between world leaders later this month. The Federal Reserve, which raised rates in December, has said that it is mindful of the dollar’s strength and will take steps to avoid a strengthening of the currency above its level of 60 cents per dollar. “It is a good sign when a central bank is willing to use its policymakers to calm the market,” said Dennis Lockhart, a senior economist at the Lockhart-Ccamino Macroeconomic Advisors. “We’re not seeing the Fed’s normal actions.” “It is a good sign when a central bank is willing to use its policymakers to calm the market,” said Dennis Lockhart, a senior economist at the Lockhart-Ccamino Macroeconomic Advisors. “We’re not seeing the Fed’s normal actions.”