Asian Stocks Rose
Publish Date : 2019/08/28 - 05:19

Major Asian equity indices other than the Shanghai Composite are reporting earnings, possibly tracking gains in the US index futures.

At the time of writing, S & P / ASX200 Australia reported a 0.11% gain, and shares in South Korea rose 0.45%.

The Shanghai Composite Index has recently fallen 0.5% to 2887. The 50-day Moving Average is currently at 2.912.

The US stocks dropped in the overnight trade. The Dow Jones industrial average fell by 120 units on fears of a recession.

Notably, the US bond yield curve inversion deepened with the spread between the 10- and two-year yields falling to levels last seen in 2007.

As of writing, the futures on the S&P 500 are reporting 0.24% gains and the gains are likely providing relief to Asian investors.

The gains, however, could be short-lived if the US yield curve inversion continues, bolstering recession fears. Also, the ongoing trade dispute between the US and China will likely keep the gains, if any, under check.

Source:Fxstreet

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