By Admin 
Asian Stock Market: Due to tariffs and increased tension between America and China, there was a tremendous impact on the Asian stock market on Wednesday. After the recent rise in the market, on one hand investors are retreating from investing money in the market, while on the other hand, a decline in the prices of gold and silver is being seen for the second consecutive day.
The decline has been seen from Hong Kong to Shanghai, Sydney, Wellington, Taipei and Manila. After the reduction in political tension in Japan, the Tokyo market has also declined due to profit booking.
Asian market decline
After Sanae Takaichi became the new Prime Minister of Japan, Nikkei fell by 269 points or 0.55 percent to the level of 49,046. While Hong Kong’s HSI also fell by 342 points or 1.32 percent to 25,684.
Along with this, Shanghai and Shenzhen also fell by 0.44 percent and 0.81 percent. On the other hand, South Korea’s Kospi increased by 3 points and reached 3,827 points at around 9.30 am.
decline in gold and silver
In the beginning of this year, a tremendous rise was seen in gold and it rose by almost 60 percent. But on Wednesday it fell to 4 thousand dollars an ounce. A day earlier, on Tuesday, gold had reached a record $ 4,381.51 per ounce. Whereas along with gold, a decline was also seen in the price of silver.
It is believed that this fall in the price of gold has happened due to many reasons, including the weakening US dollar, possible cut in US interest rates and the massive increase in gold reserves by the Central Bank.
Also read: Relief for India! Close to deal with US, know what percentage of tariff can be reduced
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