|Day's Range||9,762.91 - 9,919.26|
|52 Week Range||9,740.76 - 11,270.18|
Yes, Chinese and Hong Kong shares rallied after their mid-day breaks, but it took a whopping four hours for that to happen after China propped up the market earlier on Friday. The fact of the matter is, a 2 percent to 3 percent climb on Friday won’t remove China’s title as the world’s worst stock market. The bounce has certainly pulled other Asian markets up with the mainland rally (Shenzhen stocks climbed 2.6 percent) in afternoon trading, but the MSCI Asia Pacific Index was still down 0.2 percent as of 5 p.m. in Hong Kong after dropping as much as 1 percent earlier.
(Bloomberg) -- The stocks rout that began in the U.S. pushed emerging-market equities to a third weekly decline, while their currencies edged higher as Treasury yields came off their peak.
All but one stock listed on Japan’s Nikkei 225 Stock Average retreated, while the country’s Topix index posted its steepest decline since March. China’s Shanghai Composite sank 5.2 percent to close at its lowest since November 2014, while the Hang Seng Index lost 3.5 percent. The MSCI Asia Pacific Index headed for its worst day since June 2016 -- when the U.K. voted to leave the European Union -- with the measure sliding 3.5 percent and closing in on entering a bear market.
Jair Bolsonaro, the divisive, far-right former Army captain, stormed to a huge lead in the first round of Brazil’s presidential elections SundayThe Argentine peso was the best performer as the central bank started plans to cut back the amount of pesos in circulation in a bid to tame inflationIndia’s rupee weakened to a record after the central bank kept interest rates unchanged, opting to assess the impact of previous increases and contain the fallout of defaults from a systemically important lender.
Investors “were expecting tariffs of 25% and instead only got ones of 10% for now so the reaction is quite positive.”