Saturday , January 29 2022

After publishing the trade balance in China, Asian and European stock markets


Asian commercial giants' poor commercial performance led to Asian and European sites that recorded a sharp drop.

Market sentiment is once again influenced by the effects of the war on trade, which China and the US maintain. And as the Asian giant has published a weak trade balance indicator, major global stock markets are falling.

The data showed the biggest drop in exports in two years and a drop in imports, which caused concerns about the impact of the trade war on the world's second largest economy.

This reduces the risk appetite that leaves your mark on the stock price.

In Asia, the shares traded in Hong Kong, grouped into Hang Seng, showed a 1.38% drop, while Continental China CSI 300 fell by 0.87%. Today, Japan was closed for Adult Day celebration.

In Europe, EuroStoxx's European benchmark loses 0.92% of its value, while the German DAX drops by 0.71%. In London, FTSE 100 drops by 1.09% of its value, and the Paris CAC drops by 0.87%.

China's trade figures, which revive their concerns, contributed to Wall Street's so-called "fear index". The VIX indicator, which measures Wall Street's turmoil with a future price, is rising by 10.61%, in violation of the four-day downturn.

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