Asian Market Shifts Downward
Today on Monday, the Asian market has shown a downturn after the Afghan government’s collapse. This downturn in the Asian market, amid concerns about the towering pandemic crisis in the region, can have a long-term impact. The relatively slow vaccination rollouts in Asia have already pushed down investor sentiments. And this government collapse is stretching out already elongated timelines to hinder rising infection rates. The infections have been rising in Thailand, Vietnam, and the Philippines.
Due to this geopolitical issue, Australia’s S&P/ASX 200 declined to 7,594.90 (-0.4%), Japan’s Nikkei 225 slid to 27,441.12 (-1.9%), Hong Kong’s Hang Seng dropped to 26,237.92 (-0.6%), S&P 500 ESU21 (-0.21%), the Dow YMU21 (-0.28%), the Nasdaq-100 NQU21, (-0.10%) and hardly indicating the market’s bull run amid pandemic.
However, the trading records, near highs, of Dow Jones Industrial Average DJIA (+0.04%), the S&P 500 index SPX (+0.16%), and the Nasdaq Composite Index COMP (+0.04%) leave the impact on the stock market shadowy. On Sunday in New York, the benchmark 10-year Treasury note yield TMUBMUSD10Y at 1.27% brought some harbor bids.
Analysts on Taliban’s Sweeping into Afghanistan’s Capital
After 20 years, the return of the Taliban to power is stoking tensions globally, including the U.S. financial markets. Chief market strategists have stated it is a terrible situation for the U.S. As far as the markets are concerned, this geopolitical crisis is almost certainly only just starting; the globe has to wait and recognize its long-term indications.
Chinese Regulatory tightening is also seen to be coming into play to scare the markets into being seen as an important signal of things to come. The country’s ruling party has announced a five-year plan to regulate its core sectors like technology and healthcare.