Asian stock markets pause their rise, while gold fluctuates upward
US stocks fell across the board yesterday, with the Nasdaq halting an eight-day winning streak. Asian stock markets followed the decline in US stocks, ending a three-day consecutive rise
Although the Federal Reserve is still signaling rate cuts, US stocks fell across the board yesterday, with the Nasdaq ending an eight-day winning streak. Asian stocks followed suit, ending a three-day rally.
On Wednesday, Japanese, South Korean, and Australian stocks fell, with modest declines.
Crude oil continued to decline, while gold retreated after hitting a historic high yesterday, and is now trading with volatility to the upside.
The Japanese yen and the South Korean won weakened, with the USD/JPY rising by 0.15% and the USD/KRW rising by 0.43%. The Thai baht and the Malaysian ringgit strengthened, while the Chinese yuan remained stable.
Currently, the market is awaiting the revision of US employment data on Wednesday, the minutes of the Federal Open Market Committee meeting, and Powell's speech at the Jackson Hole.
Asian markets generally down, with declines of less than 1%
The Nikkei 225 Index rose by over 0.85% to 37739.17, while the TOPIX Index rose by 0.73% to 2650.96.
The KOSPI in Seoul, South Korea, fell by 0.16% to 2692.39.
The Taiwan Weighted Index fell by 0.57% to 22302.07; the Australian S&P/ASX 200 Index fell by 0.50% to 7957.60.
Thai Baht, Malaysian Ringgit Strengthen; Japanese Yen, South Korean Won Weaken Slightly
The Japanese yen and the South Korean won weakened, with the USD/JPY rising by 0.15% and the USD/KRW rising by 0.43%. The USD/CNY remained stable. The Thai baht and the Malaysian ringgit strengthened.
Crude Oil Continues to Decline, Gold Volatile to the Upside Today
Crude oil maintained its downward trend from yesterday, with WTI crude falling by 0.18% and Brent crude falling by 0.13%.
With international tensions still high, gold retreated from yesterday's highs and is now trading with volatility to the upside.
