Wednesday, 17 January 2018
Asian session turns red; Bitcoin plunges to $10,000
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Asian equities
traded mainly down on Wednesday following a reversal of Wall Street’s three
major indexes that left them in red territory in the previous session.
In Japan, the
Nikkei 225 came under pressure as key components such as SoftBank Group and
Fanuc eased during the day. The downside dynamic was also replicated in
Australia, with the S&P/ASX 200 down by half a percent as heavyweight
mining companies dropped.
Attention was also
directed to the cryptomarket, where Bitcoin briefly broke below the $10,000
mark on Coinbase to later return at around $11,350 per unit. Meanwhile,
Ethereum, the second most popular cryptocurrency, was down by nearly 30 percent
to trade at around $1,020.
The retracement
comes in reaction to remarks from South Korean authorities indicating that
regulation on cryptocurrencies is being discussed.
<<< Next
in Europe >>>
The German CPI for
December came in line with analysts’ expectations at a monthly rate of 0.6
percent. The UK CPI also matched its forecast at 0.4 percent monthly growth
rate.
Today, traders will
be looking ahead to the release of Eurozone’s consumer price index for December
at 10:00 GMT, with a 0.9 percent build seen.
<<< Next
in the United States >>>
Industrial
production figures for December are up at 14:15 GMT, followed by Federal
Reserve’s Beige Book at 19:00 GMT. Market participants will also monitor
speeches by FOMC Robert Kaplan and Loretta Mester as of 20:15 GMT and 21:30 GMT
respectively.
<<< Asian
Stock Indexes at 07:30 GMT >>>
Australia ASX
S&P -31.60 -0.51% 6,134.30
Shanghai
Composite +8.08 +0.24% 3,444.67
Hong
Kong Hang Seng -13.80 -0.04% 31,890.95
Japan
Nikkei 225 -83.47 -0.35% 23,868.34
Taiwan
TSEC 50 Index +18.69 +0.17% 11,004.80
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