Asian Equity Market Handover: Recent Sell Off Taking A Breather

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

Stock market snapshot as of [15/5/2019 0442 GMT]


  • The recent sell-off seen in Asian stock markets triggered by an escalation of trade tension between U.S and China has taken a breather where most benchmark indices are showing gains in today’s Asian mid-session after taking the cue from a positive close seen in US. stock market where the S&P 500 rallied by 0.80%.
  • The China, Hong Kong and Australian stock markets are the best performers so far after a weaker than expected key China economic data ignites hopes of further stimulus measures from the Chinese government. Retail sales for April came in at 7.2% y/y versus consensus of 8.6% and industrial production for April grew at 5.4% y/y versus 6.5% y/y consensus.
  • Despite the current positive performance seen in the global stock markets, the medium-term/multi-week downtrend remains intact from a technical analysis perspective and the on-going rebound is likely to be corrective aka “dead-cat bounce” in nature. Click here & here for our latest weekly technical outlook reports.  
  • European stock indices CFD futures are showing modest gains with the FTSE 100 and German DAX up by 0.30% and 0.07% respectively.

Corporate Highlights (U.K & Europe)


NTS: no time specific

Macroeconomic Calendar


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




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.