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Global uncertainty affects Asian stocks

Asian stocks fell on Wednesday, as negative market sentiment intensified amid a global slowdown in economic growth, and also as a result of active profits that some traders extracted at the beginning of the week amid price spikes.

asian stocks tumble 1303

The MSCI’s main index for the Asia-Pacific region outside of Japan fell by 0.45 percent in early trading, but as early as 7.29 GMT a rise of 1.12 percent was noted.

Shanghai blue chips stock was the loss leaders on Wednesday, down by 1.09 percent after a two-day rally. Japan's Nikkei 225 followed with a decline of 0.99 percent, as the report showed a decrease in orders for domestic machinery in January at a relatively fast pace over four months.

Australia's ASX 200 lost 0.22 percent, South Korea's Kospi dropped 0.41 percent, Hong Kong's Hang Seng fell 0.52 percent, while the India's Sensex 35 was up by 0.21 percent.

Investor risk appetite declined after British lawmakers rejected Prime Minister Theresa May’s proposal again, forcing Parliament to decide whether it would be a no-deal Brexit or to delay the date of Britain’s withdrawal from the EU.

Lawmakers in the amount of 242 supported the prime minister and 391 voted against the May’s deal on Brexit because her talks with EU leaders on Monday turned out to be fruitless.


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