Daily News | Record share levels in Asia

Big news are coming to us from Asia today where traders are dealing with record share levels. As a matter of fact, shares over there have not been this high in the last ten years! Nikkei has made an even bigger jump because it reached its highest level in 21 years, whereas the MSCI index concerning shares outside of Japan also went up and got to the point it couldn’t reach since December 2007. The situation is pretty much the same in South Korea, where the KOSPI index also reached the highest level in its history. We will definitely keep monitoring whether or not these record share levels will continue to rise, but there are some news from the US, as well.
You see, the dollar is still stagnating, primarily because of Donald Trump’s rhetoric. Investors are worried that he won’t be able to pass his reforms, especially because he came into conflict with one of the senators from his own party, Bob Corker. This resulted in the greenback standing at 93.314 against a basket of other currencies, which is actually the lowest level in the month of October. The upcoming few days could therefore be of great importance for the currency and the administration, so we suggest you keep a close eye on the situation there.

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Author: Max Rothstein

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