Tough Times Ahead for Asian Markets as U.S. Markets Thrive
Published on: 12/20/19 12:04 PM
Asian stock markets are facing a bleak future, and they are not performing so well presently. In contrast, Wall Street is making big moves, and its future promises to be better than Asia’s. FXBrokerFeed, one of the leading Forex trading platforms, reports on the expected turmoil in the Asian markets and the new promise held by Wall Street.
Asia Faltering as Wall Street Thrives
Many of Asia’s major stocks
are currently performing poorly. For instance, the Nikkei fell by 0.2% while the Shanghai Composite and Shenzhen Composite are still in the red, albeit they have recovered slightly. In contrast, the S&P 500 rose by 14.23 points while the Dow Jones Industrial Average gained 137.68 points. The Nasdaq Composite also gained by 0.7% to set a new record high of 8.887.22.
Asian markets’ current performance may be a sign of what to come in the future. Senior figures in the region, including China’s Premier, are sounding the alarm over the ongoing economic pressure, and 2020 is expected to be a difficult year for the region’s economy.
2020 Not So Promising
2020 may be much worse for Asia’s economy – and the Chinese economy, to be specific – going by the signs we are seeing today. China’s economy
seems to have gotten some respite since it entered a phase one trade deal with the U.S. However, that is not the end of the trade war, and President Trump will certainly push it a step further to get an upper hand over China.
China is also facing obstacles from other fronts. For starters, the ongoing protests in Hong Kong, a crucial financial hub for the country, are not expected to relent any time soon. The Chinese government is also under pressure owing to the ongoing segregation of Chinese Muslims. This is threatening the Chinese Premier’s position, which, in turn, is threatening to destabilize the Chinese economy.
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