Asian stocks are trading in the red below five-month highs hit yesterday, indicating the investors are likely reassessing if Washington and Beijing would be able to reach a trade deal. MSCI’s broadest measure of Asia-Pacific shares outside Japan has dropped 0.5 percent from the highest since mid-September, according to Reuters. Shares in Japan, Australia, New Zealand, South Korea and India are reporting losses. The Shanghai Composite index, however, is up 0.6 percent, possibly on trade optimism. Meanwhile, the S&P 500 futures are currently down 0.35 percent. The pullback from five month highs comes after JP Morgan analysts asked investors to curbed their enthusiasm as the extension of the US tariff deadline was a “foregone conclusion”. In FX markets, the anti-risk JPY is mldly bid, seemingly due to the decline in the S&P 500 futures and the rising tensions between India and Pakistan. Pound, meanwhile, is trading close to four-week highs on hopes UK Prime Minister Theresa May will delay a Brexit deadline. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index looks for direction near 96.40, Powell eyed FX Street 4 years Asian stocks are trading in the red below five-month highs hit yesterday, indicating the investors are likely reassessing if Washington and Beijing would be able to reach a trade deal. MSCI's broadest measure of Asia-Pacific shares outside Japan has dropped 0.5 percent from the highest since mid-September, according to Reuters. Shares in Japan, Australia, New Zealand, South Korea and India are reporting losses. The Shanghai Composite index, however, is up 0.6 percent, possibly on trade optimism. Meanwhile, the S&P 500 futures are currently down 0.35 percent. The pullback from five month highs comes after JP Morgan analysts… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
