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Asian markets mixed after week of sell-offs

Creative Technology's 12.6 per cent spike offers some cheer

Published Mon, Oct 29, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

LAST week, markets the world over faced heavy sell-offs but the question on investors' minds has been whether a rebound is in sight.

Going by how Asian equities resumed declines on Monday after gains earlier in the early session, signs are that the mood dampening markets is likely to drag on.

On equity sell-offs in Asia, FXTM's chief market strategist Hussein Sayed said: "The bears seem well in control of the market and there're many reasons to justify their actions. Whether it's weakening global economic growth, the ongoing US-China trade war, monetary policy tightening, fears of a hard Brexit, Italy's budget woes... and the list goes on."

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