Asian equities fell after the Japanese yen rose; Dow lost more than 121 points

Asian equities

Asian markets were on the negative territory on Wednesday’s trading session. The Japanese yen was higher in the middle of legal and political anxieties that surround President Donald Trump. Futures of Dow Jones plunged.

Japanese benchmark Nikkei 225 was 0.62 percent lower as the country’s currency was bolstered due to the uprising political risk. The U.S. dollar only yielded 112.57 yen. South Korea’s Kospi index fell more than 0.35 percent. ASX 200 in Australia settled 0.81 percent lower.

Investors are currently keeping an eye on the China’s tech stocks, with holdings company Tencent forecasted to release earnings today. NASDAQ companies Sina and Weibo reported their earnings for the first three months this 2017 in the U.S. last Tuesday. Chinese Telecom Company Sina rapidly advanced after its earnings per share (EPS) came in at $0.50 per share.

In other place, the futures of Dow Jones Industrial average lost more than 121 points to 20,813 for the month of June, in comparison to the 30-stock index’s close at 20,979.75. This is driven by the risk-off sentiment in the market.

Also in the U.S., Trump shielded himself on Twitter by saying he had “the absolute right” to disseminate private intelligence with officials from Russia. The tweet of the president came when the national security adviser told news that the reported incident by the Washington Post didn’t take place.

Meanwhile in currency news, the euro hits its six-month high as political risk rose from Europe. The currency previously finished at $1.1088 versus the U.S. dollar. The dollar index fell at 98.087, lower compared to last week’s 99. The Australian dollar beats the greenback for six sessions straight, and trades at $0.7412.


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