Global Markets

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15-Jun-2019   09:21 Hrs IST US markets end slightly lower on Friday <p align="justify">The US markets ended slightly lower on Friday as traders weighed rising tensions with Iran and the ongoing trade battle with China. Markets staged a late-day recovery attempt, but failed to settle in green terrain. Tech stocks came under pressure after Broadcom (AVGO) reported better than expected fiscal second quarter earnings but lowered its full-year revenue guidance. Broadcom President and CEO Hock Tan said the chip maker sees a broad-based slowdown in the demand environment due to continued geopolitical uncertainties and the effects of export restrictions on Chinese tech giant Huawei. The comments from Tan led to renewed concerns about the impact of the US-China trade dispute on the broader tech sector. Investors continued to watch developments in the Middle East after a pair of oil tankers were attacked near the Strait of Hormuz on June 13. The incident escalates tensions in the region, heightening fears of a potential US-Iran military confrontation and disruption to oil supplies.</p><p align="justify">On the economic front, the Commerce Department report showed a substantial upward revision to retail sales data for April. The Commerce Department said retail sales climbed by 0.5 percent in May after rising by an upwardly revised 0.3 percent in April. Street had expected retail sales to increase by 0.6 percent compared to the 0.2 percent drop originally reported for the previous month. Closely watched core retail sales, which exclude autos, gasoline, building materials and food services, climbed by 0.5 percent in May. The April reading was upwardly revised from no change to a 0.4 percent gain. Besides, the Federal Reserve also released a report showing a bigger than expected increase in industrial production in May, although the University of Michigan said its reading on consumer sentiment dropped in June amid concerns about higher tariffs.</p><p align="justify">Dow Jones Industrial Average declined 17.16 points or 0.07 percent to 26089.61, Nasdaq slipped 40.47 points or 0.52 percent to 7796.66 and S&amp;P 500 was down by 4.66 points or 0.16 percent to 2886.98.<br></p>
14-Jun-2019   15:18 Hrs IST Asian markets end mostly lower on Friday <p align="justify">Asian markets ended mostly lower on Friday as worries about rising tensions in the Middle East and headlines related to US-China trade disputes kept underlying sentiment cautious. The US blamed Iran for the attacks in the Gulf of Oman and said it will defend its forces and interests in the Middle East. Chinese shares ended down as investors kept a cautious stance ahead of data that was released after market hours, while US tariff threats continued to weigh. Government data released late in the day showed that China's industrial output grew at a slower pace, while growth in retail sales improved more-than-expected in May. Industrial production advanced 5 percent year-on-year in May, while growth was expected to remain stable at 5.4 percent. Retail sales grew at a faster pace of 8.6 percent after rising 7.2 percent in the previous month. Sales were forecast to advance 8.1 percent. China's fixed-asset investment grew 5.6 percent year on year in the first five months, down 0.5 percentage points from the first four months. The unemployment rate remained stable at 5 percent in May. Though, Japanese shares ended higher, led by energy stocks as oil prices surged on supply concerns.<p align="justify"><table width="100%" border="1" cellspacing="1" cellpadding="1"><tbody><tr><td><p align="left"><strong>Asian</strong> <strong>Indices</strong></p></td><td><p align="left"><strong>Last Trade&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </strong></p></td><td><p align="left"><strong>Change in Points</strong></p></td><td><p align="left"><strong>Change in %</strong></p></td></tr><tr><td><p align="justify">Shanghai Composite</p></td><td><div>2,881.97</div></td><td><div>-28.77</div></td><td><div>-0.99</div></td></tr><tr><td><p align="justify">Hang Seng</p></td><td><div>27,118.35</div></td><td><div>-176.36</div></td><td><div>-0.65</div></td></tr><tr><td><p align="justify">Jakarta Composite</p></td><td><div>6,250.26</div></td><td><div>-22.82</div></td><td><div>-0.36</div></td></tr><tr><td><p align="justify">KLSE Composite</p></td><td><p align="justify">1,638.63</p></td><td><p align="justify">-5.11</p></td><td><p align="justify">-0.31</p></td></tr><tr><td><p align="justify">Nikkei 225</p></td><td><div>21,116.89</div></td><td><div>84.89</div></td><td><div>0.40</div></td></tr><tr><td><p align="justify">Straits Times</p></td><td><div>3,222.63</div></td><td><div>1.97</div></td><td><div>0.06</div></td></tr><tr><td><p align="justify">KOSPI&nbsp;Composite</p></td><td><div>2,095.41</div></td><td><div>-7.74</div></td><td><div>-0.37</div></td></tr><tr><td><p align="justify">Taiwan Weighted</p></td><td><div>10,524.67</div></td><td><div>-36.34</div></td><td><div>-0.34</div></td></tr></tbody></table><p align="justify"></p>
14-Jun-2019   10:32 Hrs IST Asian markets trade mostly in red in early deals on Thursday
14-Jun-2019   08:39 Hrs IST US markets end higher on Thursday
13-Jun-2019   15:16 Hrs IST Asian markets end mostly lower on Thursday
13-Jun-2019   10:35 Hrs IST Asian markets trade mostly in red in early deals on Thursday
13-Jun-2019   08:37 Hrs IST US markets end lower as investors focus on US-China trade
12-Jun-2019   15:12 Hrs IST Asian markets end mostly lower on Wednesday
12-Jun-2019   10:29 Hrs IST Asian markets trade mostly in red in early deals on Wednesday
12-Jun-2019   08:38 Hrs IST US markets end marginally lower on Tuesday

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