
Asian Stocks Drop on US Debt Ceiling
Last week's hopes of a US debt ceiling agreement boosted some Asian stocks, but this week's renewed default fears are dominating and causing some Asian stocks to trade lower.
Plus500 does not provide CFD services to residents of the United States. Visit our U.S. website at us.plus500.com.
Last week's hopes of a US debt ceiling agreement boosted some Asian stocks, but this week's renewed default fears are dominating and causing some Asian stocks to trade lower.
Nasdaq has outperformed the broader indices thanks to mega-cap tech stocks that have possibly gained due to the growing AI chatter, better-than-expected earnings, and the belief that the Fed may soon start winding down its rate hiking program.
On Wednesday, the Nikkei 225 index rose to a 33-year high. Could strong Japanese GDP data, foreign investors, and the US debt ceiling be the reasons why?
With the US approaching its debt ceiling, investors may be looking for safety in the dollar as the country could fall into default as soon as after the June 1 deadline.
Videos & Articles help you expand your trading knowledge.
Our Economic calendar helps you explore global market events.
Understand the full costs of your trades now for better expense management later.
This information is written by Plus500 Ltd. The information is provided for general purposes only, and does not take into account any personal circumstances or objectives. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. No representation or warranty is given as to the accuracy or completeness of this information. It does not constitute financial, investment or other advice on which you can rely. Any references to past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. Plus500 will not be held responsible for any use that may be made of this information and for any consequences that may result from such use. Hence, any person acting based on this information does so at their own discretion. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research.
Plus500 uses cookies to improve your browsing experience. You can click "Accept" or continue browsing to consent to cookies usage.
Hi! You've reached our website for customers based outside of the United States.
Make the move to Plus500US in order to start your Futures trading journey!