FOMO affects positively on Asian stock markets

The fear of missing out (FMO) mostly hits positively and this time Wall Street sent US equities sharply higher in blink of eye on Wednesday. The Fed speakers dismissed to be optimise as James Bullard, the chief executive officer of the Federal Reserve Bank (Fed).

This permitted quick money to return a revival of hope over reality, as stock markets hung to the conviction that the Fed was right. 

Moreover, Netflix’s share price fell, the S&P 500 leapt 1.61 percent higher, the Nasdaq popped 2.15 percent higher, and the Dow Jones added 1.51percent. 

According to the fast money argument, US index futures have quickly turned down in Asia. S&P 500 futures fell 0.40 percent, Nasdaq futures decreased by 0.80 percent and The Dow Jones Industrial Average (Dow) futures down 0.10 percent.

The resplendent performance of US equities has been sufficient to raise Asian stock markets today. Overlooking the decrease of US futures in Asian trading.

Japan’s Nikkei 225 is 0.60 percent lower as the BOJ intervenes to cap JGB yields. However, South Korea’s Kospi has fallen by 0.20 percent, China markets head south, and Taipei has achieved a 0.30 percent gain.

People’s Bank of China (PBOC) kept the Legal permanent residents (LPRs) without any changes in the support measures. Accordingly, the Shanghai Composite decreased by 0.20 percent today plus losing 0.45 percent in CSI 300.   

Hong Kong has decided to join Nasadaq congregation with a 0.80 percent gain.