Asian markets see selling trend – WORLD


The trend towards sales is observed in the Asian markets.After US stocks ended the day with losses, there is a selling trend in Asian markets this morning.What do we expect today? After US stocks ended the day with losses, there is a selling trend in Asian markets this morning. In Japan, the Nikkei225 fell 1.09% and the Topix fell 0.80%. In China, the Shanghai Composite index fell 0.55%, the Shenzhen Composite index fell slightly, and the Hong Kong Hang Seng index fell 1.09%. The MSCI Asia index excluding Japan fell 0.88% today. China’s decision to cancel pandemic control measures raises fears that a new wave of Covid could be triggered on a global scale. There is no significant data flow abroad today. The internal index of economic confidence for the last month of the year will be tracked. Consumer confidence declined in a range but rose in services, retail and construction. Confidence in the manufacturing sector rose slightly over the same period. What happened in the markets yesterday? In the middle of the week, both European and American stock indices showed a negative outlook. The DAX fell 0.5% in Germany and the CAC 40 fell 0.61% in France. In the UK, the FTSE 100 index moved positively from the region, starting the week up 0.32% after the Christmas holidays. US indices closed the day down more than 1%. The dollar index (DXY) rose by 0.3 points and reached 104.5 points. Due to the growth of DXY, the parity of EUR/USD fell to 1.06. An ounce of gold depreciated 0.47% to $1,804. The yield on 10-year US Treasury bonds continued its upward trend, increasing by 3.6 bp to reach 3.89%. Brent crude from the commodity group fell 1.49% to $84 per barrel. While U.S. pending home sales were expected to fall 1.8% m/m in November, there was a 4% decline. This was another development showing that the slowdown in the US housing market continues. The BIST 100 ended the day yesterday, down 1.64%, in line with global stocks. Maintaining its downside movement throughout the day, the index closed at 5345.61 points, thus recording a 2% decline from the beginning of the week to the middle of the week. Yesterday, the volume of trading in the benchmark index amounted to 106.48 billion Turkish liras. While the USD/TRY rate was valued by horizontal buyers, the EUR/TRY rate declined slightly depending on the parity. A gram of gold also fell to 1,086 Turkish lira with a limited decline.

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