Global EditionASIA 中文双语Français
Business
Home / Business / Macro

Wall St sell-off prompts global rout

By Wang Yanfei | China Daily | Updated: 2018-10-12 03:27
Share
Share - WeChat
A stock market panic that started on Wall Street swept through Asia on Thursday, knocking down indexes in Japan. [Photo provided to China Daily]

A response to recent tit-for-tat tariffs between the US and China, which may hamper US companies' third-quarter results in affected sectors, also played a role in the recent US share sell-off, according to UBS Securities.

"The US market sell-off last night spooked sentiment and rekindled memories of similar trading sessions at the beginning of this year," said Medha Samant, Fidelity International's investment director for Asian equities. "This negative sentiment could likely roll over to the Asian markets in the short term, as slowing global growth, a strong dollar and protectionism are already weighing on sentiment, especially for emerging markets and currencies with vulnerabilities."

Affected by external fluctuations, Chinese A-shares may continue to face short-term shocks. But these are not expected to last long amid efforts to maintain proper liquidity levels and open up financial markets to usher global funds into the domestic market, according to analysts.

"Like before, the Chinese stock market may continue to fluctuate with external impacts, but major risks are concentrated in the short-term," said Wang Youxin, a Bank of China analyst.

|<< Previous 1 2 3 4 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE