Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Asian Stock Market: Cautious optimism fades as Indonesian shares drop over 4.0%

  • Tech bounce, hopes of ECB’s upward economic forecast fail to supersede virus woes.
  • Fears of no-deal Brexit, Sino-US tussle add to the market fears.
  • Tokyo scales back virus-led restrictions, Japan’s Machinery Orders surged in July.
  • Bi’s intervention, return of activity limits in Indonesia drag IDX Composite down by 4.88%.

Asian shares struggle to keep the initial recovery moves as the downbeat performance of Indonesian equities dash the overall scenario while others also get tensed ahead of the key ECB and Brexit talks. As a result, the MSCI’s index of Asia-Pacific shares outside Japan rises 0.50% while Japan’s Nikkei 225 adds 0.65% ahead of Thursday’s European session.

The return of social-distancing measures in Jakarta joined the Bank Indonesia’s (BI) consecutive second day of market intervention to recall the sub-5,000 area for IDX Composite.

On the other hand, Japan’s Nikkei 225 benefits from 6.3% monthly gains of Machinery Orders in July and Tokyo’s tapering of the coronavirus (COVID-19)-led lockdown restrictions. Further, stocks in China also stay upbeat amid calls of economic boost and likely positive policies to arrive from Xi Jinping and company during October month’s policy discussions. The same helped shares in New Zealand to remain 0.60% up but those from Australia seesaw around 5,880 amid political turmoil in the Pacific major.

Elsewhere, South Korea’s KOSPI adds over 1.00% as President Moon Jae-in announced the government is drafting the fourth supplementary budget of this year of 7.8 trillion won ($6.58 billion), per Reuters. It’s worth mentioning that the Indian markets are up 0.80% even as the nation’s virus cases surge the record 95,000 the previous day.

On a broader extent, the S&P 500 Futures drop 0.14% while the US 10-year Treasury yields decline 1.6 basis points (bps) to 0.687% as traders anticipate drama in London and no fireworks from the European Central Bank (ECB).

Gold Price Analysis: XAU/USD battles critical $1945 ahead of ECB, levels to watch – Confluence Detector

Gold (XAU/USD) consolidates Wednesday’s rebound, as the bulls take a breather heading into the European Central Bank (ECB) monetary policy decision. T
Read more Previous

China said to boost strategic commodities reserves in next five-year plan – Bloomberg

In its next five-year plan, China is said to bump its massive state reserves of crude, strategic metals and farm goods, Bloomberg reports, citing offi
Read more Next