CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Rate-sensitive tech stocks fall in Japan, Hong Kong, Australia

By Mensholong Lepcha

04:16, 24 November 2021

Stock market charts
Aussie gold stocks fall 1.3% on Wednesday – Photo: Shutterstock

Japan shares resumed trade on Wednesday to fall over 1% as rate-sensitive technology stocks led losses on expectations of a faster-than-expected tapering cycle following the renomination of Jerome Powell as the US Federal Reserve Chair.

Benchmark Nikkei 225 index fell 1.3% to 29,292 after lunch on Wednesday. Markets in Japan were shut for holiday on Tuesday. In the US, the tech-heavy Nasdaq index extended losses to close 0.5% down overnight.

Technology conglomerate Rakuten fell 3.9%, electronics manufacturer Fujitsu lost 3.2%, semiconductor-making equipment producer Advantest lost 4.3% and online gaming firm Nexon declined 5% and were among the top 10 intraday losers on the benchmark.

Tech stocks down across Asia-Pacific

Topix-17 IT & Services and Topix-17 Electric Appliances & PRE Instruments indices were the biggest losing sectoral indices on Wednesday, down 1.7% and 2.1%, respectively.

Meanwhile, energy and automobile stocks gained on Wednesday to limit losses in Tokyo. Mitsubishi Motors was the top gainer on the benchmark, up 4.3%.

SP35

10,162.00 Price
+0.960% 1D Chg, %
Long position overnight fee -0.0220%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 7.0

CN50

11,621.30 Price
-1.010% 1D Chg, %
Long position overnight fee -0.0160%
Short position overnight fee -0.0059%
Overnight fee time 22:00 (UTC)
Spread 6.6

SG25

273.12 Price
+0.890% 1D Chg, %
Long position overnight fee -0.0210%
Short position overnight fee -0.0009%
Overnight fee time 22:00 (UTC)
Spread 0.24

FR40

7,360.90 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0220%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 1.3

Technology stocks in Hong Kong and Australia sported a similar trend. Hong Kong’s Hang Seng TECH index and Australia’s S&P/ASX All Technology index fell 0.6% and 0.5%, respectively.

What is your sentiment on J225?

33332.7
Bullish
or
Bearish
Vote to see Traders sentiment!

Gold stocks down

Aussie gold stocks fell 1.3% on Wednesday as bullion prices fell below the key $1,800 mark on the back of the rising dollar.

Overall, Australia’s benchmark S&P/ASX 200 index remained close to flat as energy gains countered mining and tech losses.

Hong Kong’s benchmark Hang Seng index saw real estate losses combine with tech stocks weakness to push the index 0.1% lower by lunch break on Wednesday. Alibaba Health Information Technology and Xiaomi were the worst performers in Hong Kong, down about 7% each.

Read more : US banking agencies to step up crypto-asset regulation

Markets in this article

AU200
Australia 200
7148.3 USD
AU200
Australia 200
7148.3 USD
AU200
Australia 200
7148.3 USD
AU200
Australia 200
7148.3 USD
AU200
Australia 200
7148.3 USD

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading