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Home / Apple / As Stock Seller continues, earnings for 2018 have been wiped out

As Stock Seller continues, earnings for 2018 have been wiped out



The stock market gains for 2018 were erased in early trading on Tuesday, as a sales leadership led by giant technology stocks continued. The recession in the United States came after drops in Asia and Europe.

The slump of more than 1 percent in the S & P 500 followed a high-tech technology like Google, Apple and Amazon in the US on Monday, when investors wiped out prospects for increased regulation, trade tensions and threats to profit prospects for major technology companies influence on major market indices.

The pain continued for such companies on Tuesday with Apple and Amazon falls by more than 4 percent in early trading. But a new area of ​​concern also arose after the Target reported sales and earnings for the third quarter that missed Wall Street expectations. Target shares dive by more than 1

0 percent.

The softness of retail stocks reflects growing investor concern that the strong US economy – hitherto drawn by the Federal Reserve rate hikes and signs of weakness in China and Europe – is likely to raise the challenges in 2019 as the effect of federal tax evasion and increases increases.

Monday's slide in the US had already played in Europe and Asia before trading on Wall Street opened on Tuesday. By early afternoon, European stock indices were all in red, driven by technology stocks. Euro Stoxx 50, a eurozone blue chip index, was down at more than 1 percent and at its lowest point in about three weeks.

CAC 40 in France and DAX in Germany were also lower than 1 percent. Britain's FTSE 100 had gone about 0.5 percent.

Concerns about privacy decline and poor management of technology companies weighed on stocks on Monday, adding wider concerns about the impact of a trade war between the US and China, as well as signs of slowing growth around the world.

In Hong Kong, Shanghai and Shenzhen, commercial intentions pushed the shares of Chinese semiconductor producers and other major technology companies into red. A drop in the share price of chip maker Nvidia several days ago after disappointing earnings can also have rattled investors in chipmakers across China. The Chinese stock market is down by more than 20 percent so far this year.

Shares in Tencent, the Chinese Internet conglomerate, fell 3.3 percent in Hong Kong trading. A wider index of major Chinese companies listed in Hong Kong decreased by 1.6 per cent, while the Hong Kong market ended the day by 2 per cent.

"Stocks look weak", Robert Carnell, chief economist for Asia Pacific at the Dutch bank ING, wrote in a note to investors. "The surplus in the semiconductor industry is a problem for Asia and became worse by an apparent lack of demand for some well-known manufacturers of high-tech products," he added.

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Trade freedom continues to be overhanging markets. World leaders meet next week in Argentina for the group of 20 conferences to be held by President Trump and President Xi Jinping in China. Hope that the two sides will come to a trade deal on the sidelines, has decreased since officials from both countries spared this weekend at the summit in Asia-Pacific Economic Cooperation in Papua New Guinea.

Shares in Japanese car companies helped pull the benchmark in Tokyo by 0.7 percent. The sale was partially demonstrated by the news that Carlos Ghosn, Nissan's leader, was arrested Monday after the car manufacturer found out that he had underestimated his compensation to the Japanese government. Shares in Nissan fell 5.5 percent in Tokyo.

In Seoul, South Korea and Taipei, Taiwan, the markets ended almost 1 percent.


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