Global Market Report - February 8

World markets were mixed as trade concerns moved back up the agenda and economic data missed forecasts

James Gard 8 February, 2019 | 10:47AM

Global Market Report

Asia

President Trump’s comments that the US was unlikely to meet China to discuss trade before tariffs increase on March 2 has rattled Asia investors.

Japan’s Nikkei tumbled on the last trading day of the week, shedding 2% or 418 points to 20,333. Earlier in the week, 21,000 points seemed a realistic target, but the index has slipped back from this level. The Nikkei has staged a recovery since the start of 2019, but is still a way off the 24,000 points seen in October last year. Like many developed markets, January’s rally has faded into February.

Hong Kong’s Hang Seng reopened after Lunar New Year holidays, but it was caught up in the global move lower.

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Security NamePriceChange (%)Morningstar
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About Author

James Gard  is content editor for Morningstar.co.uk

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