Home

    You are here

US STOCK MARKETS SUFFER MINI-CRASH

You are here

Trade indices on STOCK.com

US STOCK MARKETS SUFFER MINI-CRASH

Jan 13 2015, 8.55am GMT

STOCK.com

After the US stock markets crashed on Monday, Asian markets reacted to China data and Japanese budget plans.

After the ‘Goldman Sachs Effect’ yesterday when the bank’s analysts amended their oil price prediction down to $39 over six months, investors pulled out of stocks on the US market almost as the exchanges opened. Later in trading, levels rebounded slightly bringing overall losses down to 0.73% on the USTECH100 [Nasdaq], 0.54% on USA500 [S&P] and 0.34% on USA30 [Dow].

Oil slipped 4% and saw lows of $44.39.

As Asian markets opened the effect of the US stock mini-crash and the Chinese trade balance figures took hold with HongKong30 [Hang Seng] rising from over 300 points or 1.57% from open to close.

The China Trade balance was less than expected at 49.60B as opposed to the target of 49.85B and previous month’s figure of 54.47B. Annual import and export data showed that China had succumbed to low international demand with trade increasing by 3.4% in 2014, well below the aspiration of 7.5% growth; a figure last seen in 1990.

The main factors to bring China’s growth to a slower pace are cheap iron ore imports up by 14%, the price of steel declining - one of China’s major exports – and copper imports down by 7.6%.

On Tuesday morning Japan also saw stocks fluctuate as investors read the highlights of the new budgetary plan to be approved by parliament on Wednesday. As prime minister Shinzo Abe uses his latest reelection as an official mandate to bring in the next step in his quantitative easing scheme, the Japan225 [Nikkei] saw highs of 17147 and lows of 16790 across the day’s trading.

MT4 chart: USTECH100

NASDAQ ON stock.COM

MT4 chart: HongKong30

HANG SENG on STOCK.com

MT4 chart: Japan225

nikkei on STOCK.com

Trade indices CFDs on STOCK.com with full training given to all clients

Indices Block Actions

Trading Platforms

MetaTrader

Through a simple native App download, be ready to log on to the powerful, intuitive MT4 platform and trade multiple assets on your desktop or through mobile

More on MetaTrader

WebTrader

Online access - anytime, anywhere - to your secure STOCK.com account, through desktop, tablet and mobile interfaces with no download necessary

More on WebTrader

Trading in CFDs involves significant risk to your invested capital