Asian Equity Market Handover: A sea of red

A summary of the stock market trends & highlights from today's Asian mid-session.

Stock market snapshot as of [08/5/2019 0600 GMT]


  • Another day of losses for Asian stock markets in line with -1.96% decline seen in the U.S. S&P 500 yesterday, its worst performance in the past 8 weeks and recorded a daily close below the 2900 psychological level at 2884.
  • The worst performer among the highlighted Asian benchmark stock indices so far in today’s Asia mid-session is the Japan Nikkei 225 where it has shaped the expected bearish breakdown below the 21880 key medium-term range support reinforced by a weaker USD/JPY that has broken down below a key support at 110.90 (click here for more details).
  • China trade officials together with Vice Premier Liu He will head to the U.S. to begin another round of trade negotiation talks from Thurs to Fri on the backdrop of a tense situation where U.S has threatened to impose additional tariffs on Chinese imports this Fri.
  • European stock indices futures; FTSE 100 and German DAX are trading almost unchanged after yesterday’s losses seen in their respective cash indices at -1.63% & -1.58%.

Corporate Highlights (U.K & Europe)


NTS: no time specific      BMO: before market open

Macroeconomic Calendar


*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.





Related Articles

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.