The Status Of Gold And Asian Stocks
Publish Date : 2019/08/13 - 07:37

The Asian market has largely declined due to political tensions in Hong Kong.

In this situation, the Hong Kong`s Hang seng stock index fell more than 1%. Of course, Hong Kong wasn't the only bad news on Tuesday. Singapore announced its range of GDP forecast for 2019 at 0% to 1% from the previous 1.5% to 2%. This decline in range comes from concerns of the China-US trade war.

Amid all this decline, the Nikkei225 fell 1.2% and the ASX200 fell 0.3%.

Individual stocks such as Softbank, Fast Retailing, and Nintendo have all seen huge declines in Taco.

Gold prices have risen steadily since September 2018 and are now back to peaks not seen since 2013 on their monthly chart.

Source: Dailyfx

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