Welcome to Extreme Investor Network, where we bring you the latest insights and analysis on the stock market, trading, and Wall Street trends. In this blog post, we will be discussing the recent movements in the Hang Seng Index, ASX 200, Nikkei Index, and the commodity markets.
The Hang Seng Index experienced its fourth consecutive week of losses, falling by 0.41%. This decline was attributed to increasing chances of a Trump victory in the upcoming election on November 5, as well as a tech sector rout. The market anticipates potential punitive tariffs on Chinese goods, which could impact the Chinese economy. Tech giants like Alibaba and Tencent saw declines, while real estate stocks rallied on positive sentiment towards China’s policy measures.
In the commodity markets, iron ore and gold prices witnessed a mixed week, with gold slipping despite reaching an all-time high. WTI Crude, on the other hand, ended the week higher as investors monitored the Middle East conflict.
The ASX 200 extended its losses from the previous week, declining by 1.13%. This was influenced by falling gold prices and reduced bets on a December Fed rate hike. High-yielding Aussie banking stocks like National Australia Bank and ANZ also saw declines, along with gold-related stocks like Northern Star Resources Ltd.
Meanwhile, the Nikkei Index advanced by 0.37% as Japan’s general election results impacted demand for the Japanese Yen. SoftBank Group Corp. and Nissan Motor Corp. saw gains, while Tokyo Electron declined.
Looking ahead, key events such as the RBA interest rate decision, the US Presidential Election, and the NPCSC meeting will continue to shape market sentiment. Stay informed with our latest news and analysis to effectively manage your risks and make informed investment decisions. Visit Extreme Investor Network for more exclusive insights and expert analysis on the stock market and trading trends.