Nikkei slumps despite Japanese GDP rebound
Tony Sycamore August 16, 2021 1:23 PM
The feel-good end to last week that helped the S&P500 finish at a record high for the 48th time this year, albeit on the lightest trading volume of the year, has failed to carry over into the start of the new week.
Key Asian equity indices are mostly trading lower today, likely in some part a delayed response to Friday's University of Michigan's index of consumer sentiment that declined by 11.0pt to 70.2, the lowest level since 2011 on concerns over the virus's resurgence.
Source Tradingview. The figures stated areas of 16th of August 2021. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation
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