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As market participants are aware, trade battle between the US and China holds the potential to significantly affect the broader global markets. Any type of negative news might weigh over the sentiments of market players and could prompt them to sell their holdings in equities. However, any positive developments with respect to the trade battle could favorably impact the stock markets. In the event of slowdown, investors tend to deploy their investable capital towards safer instruments rather than in risky assets.
It can be said that companies with global exposure are more prone to risks of the trade battle as the war could affect the global business environment. The core business activities of global companies can witness negative impacts on escalation of the trade battle. Coming to the performance on August 26, 2019, Dow Jones Industrial Average ended the session in green, as the index encountered a rise of 269.93 points or 1.05% on an intraday basis to end the session at 25,898.83. On the same day, S&P 500 Index rose by 31.27 points or 1.10% on an intraday basis to close at 2878.38.
Oil Prices Might Be Affected If Geopolitical Tensions Increase
Oil prices are sensitive to the demand for oil and a rise in economic uncertainties as well as tensions with respect to geopolitical conditions might influence the oil demand. Since the trade battle could affect the prospects of the global economic growth, any events related to the trade war could influence prices of oil. Additionally, movement of equity markets also affects the oil prices.
Australian Markets Ended in Green: S&P/ASX200 Ended by Rising 0.5%
Trade war between the US and China and the health of the global economy are the primary factors which influence the performance of the Australian economy and Australian equity markets. The settlement of trade battle can favorably impact the sentiments of global investors and, as a result, equity markets might witness positive impacts. Coming to the performance on August 27, 2019, S&P/ASX200 ended the session in green, as the index witnessed a rise of 0.5% or 31.1 points on an intraday basis to end the session at 6471.2. On the same day, All Ordinaries encountered an increase of 0.5% or 34.6 points on an intraday basis to settle at 6565.6.
Talking about the performance of the stocks, Nanosonics Limited (ASX: NAN) ended the session in green, as the stock price witnessed a rise of 32.653% on an intraday basis to end at A$6.500 per share, while Afterpay Touch Group Limited (ASX: APT) rose by 7.792% on an intraday basis and settled at A$25.870 per share. On the other hand, Speedcast International Limited (ASX: SDA) and Inghams Group Limited (ASX: ING) witnessed a fall of 32.938% and 17.079%, respectively, on an intraday basis.
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NAN Daily Technical Chart (Source: Thomson Reuters)
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