Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Asian Markets Fall; Brexit Set for Another Delay

Stock Markets Oct 22, 2019 10:53PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
AXJO
+0.62%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
JP225
+0.40%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
HK50
-1.36%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AAPL
+2.44%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
KS11
+0.47%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SSEC
-0.68%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Investing.com - Asian markets fell in morning trade on Wednesday following news that the deadline for the U.K. to leave the European Union is likely to be set back again.

China’s Shanghai Composite and the SZSE Component dropped 0.3% and 0.2% respectively by 10:40 PM ET (02:40 GMT).

Hong Kong’s Hang Seng Index lost 1.0%.

While not a directional driver, the Financial Times reported overnight that Beijing is considering replacing Hong Kong’s chief executive, Carrie Lam, by March.

Citing people briefed on the deliberations, Lam’s successor would remain in place until the end of the existing term in 2022.

Separately, the city’s Financial Secretary Paul Chan unveiled a range of relief measures worth about HK$2 billion ($255 million) yesterday.

The measures, including a HK$1.37 billion in fuel subsidy for taxis and some minibuses, targets mainly tourism and the transportation industry.

Japan’s Nikkei 225 was little changed at 22,561.0.

Co-working company WeWork officially announced that the Japan-listed SoftBank has reached a deal to taking control of the company.

SoftBank will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders, according to a press release. Following the offer, the Japnese conglomerate’s stake in WeWork will be increased to approximately 80%.

South Korea’s KOSPI dropped 0.6%.

Major Apple (NASDAQ:AAPL) supplier LG Display is set to report its third-quarter earnings later in the day. Samsung (KS:005930) Biologics’s earnings report is also due.

Down under, Australia’s ASX 200 was down 0.3%.

In the U.K., lawmakers voted to block Prime Minister Boris Johnson’s plan to rush his Brexit deal into law, reducing the possibility of the U.K. to leave the EU on October 31.

“One way or another, we will leave the EU with this deal, to which this House has just given its assent," Johnson said after the vote.

“Let me be clear: our policy remains that we should not delay, that we should leave the EU on Oct. 31 and that is what I will say to the EU and I will report back to the House,” Johnson told the Commons.

Asian Markets Fall; Brexit Set for Another Delay
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email