Asian stock markets got hit

Hong Kong faced pro-democracy unrest for the past 10 weeks. Its stock market lost 11.43% since end of June. It is now 2.2% below 2018’s year-end figure.

Stock Indices 28-Jun-19 13-Aug-19 Change
Hang Seng (HK) 28,542.62 25,281.30 -11.43%
Shanghai Composite 2,978.88 2,797.26 -6.10%
STI (Singapore) 3,321.61 3,146.73 -5.26%
Nikkei 225 (Japan) 21,275.92 20,455.44 -3.86%

Shanghai Composite Index lost 6.10% due to trade tension with the United States of America.

The Straits Times Index (STI) lost 5.26% for reason that Singapore economy is facing a slow growth in her economy. The Ministry of Trade and Industry (MTI) forecasted the Gross Domestic Product (GDP) for 2019 to be between 0.0% to 1.0%. This figure was far lower than 3.1% GDP growth in 2018.

Nikkei 225 Index lost 3.86%. The Japan and South Korea were at loggerheads over trade issues.

The global economy is at risk of slowdown. When investors are going for safe haven assets such as gold, it is indication that financial risk has increased.

Copyright © 2019, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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