|Day's range||27,425.01 - 27,783.85|
|52-week range||26,219.56 - 33,484.08|
Asian shares stumbled in holiday-thinned trading on Monday as China's decision to cancel talks with the United States reinforced fears of a protracted trade war with neither side willing to back down. Laura Frykberg reports.
Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks. The U.S. and China officially began taxing larger amounts of each other's goods Monday, and the Wall Street Journal reported that China pulled out of talks that could have led to a new round of negotiations to end the trade war. The U.S. is now taxing another $200 billion in Chinese imports at a rate of 10 percent, and China added taxes of 5 to 10 percent on $60 billion in U.S. products.
Trade war jitters return, weighing on the equity markets and commodity currencies, Trump’s 2nd general assembly speech tomorrow of little comfort.
A choppy week ahead, with Trump at the UN, Theresa May at Tory Party Conference and the FED delivering a rate hike and projections.
Across the Atlantic, the Stoxx 600 Europe index enjoyed its sixth successive daily advance and the FTSE 100 had its best day for three months as sterling came under severe pressure from the latest Brexit developments. In China, the CSI 300 stock index jumped 3 per cent. This easing of trade concerns allowed participants to focus on the broadly positive outlook for the US economy and also removed a plank of support from the dollar — helping EM currencies steady after a recent sell-off.
A key index of Chinese stocks had its best day in more than two years on Friday with sentiment buoyed by a record close on Wall Street and following reports of sweeteners pledged by Beijing to soften the hit from the US-China trade dispute. The CSI 300 index of major Shanghai and Shenzhen stocks closed 3 per cent higher, marking the biggest one-day gain since May 2016, according to Reuters data. All market segments were higher, but the financials segment posted the biggest gain, adding 4.2 per cent, followed by consumer and industrial stocks.
Equities swung higher in Asia on Friday with Japanese stocks hitting their highest since May, spurred by a record close on Wall Street overnight. The Topix rose 0.9 per cent to a four-month high in Tokyo, ...
Inflation numbers out of Japan this morning were a reminder of how far off the BoJ is from making a move, focus shifting to the EU and the Oval Office.
Asia-Pacific equities were on track to end the week on a firmer footing on Friday after a record close on Wall Street overnight. The Topix in Tokyo rose 0.6 per cent in early trading, with all market segments ...
SINGAPORE (AP) — European markets climbed Thursday following a mixed day in Asia, buoyed by hopes the U.S. and China will proceed with talks to tackle their escalating trade dispute.
In the Asian markets, it seems that the recovery rally has exhausted. After two days of growth, Asian markets mixed, returning to the levels of the end of last week. Global stocks mostly higher.
Impressive 2nd GDP numbers drive the Kiwi, with Brexit and retail sales numbers putting the Pound in the spotlight.
Asian equities were broadly higher on Thursday after a shaky session on Wall Street that saw the S&P 500 gain just 0.1 per cent and the tech-heavy Nasdaq Composite slip by as much. The Hang Seng China Enterprises index of large mainland Chinese companies was up 1 per cent, but that bullish mood had not quite reached mainland stock markets in early trading, as the CSI 300 index of major Shanghai and Shenzhen-listed stocks rose just 0.3 per cent.
The yield on the US 10-year Treasury — which rose back above 3 per cent at the end of last week — hit its highest level in more than four months while that on the 10-year German Bund touched 0.5 per cent for the first time since mid-June. “With next week’s rate hike having been close to fully priced for some time already, this repricing has been concentrated in the December, March and June meetings — particularly the June meeting, which moved from being just 42 per cent to 63 per cent priced. Meanwhile, the S&P 500 rose to within a whisker of the record closing high of 2,914.04 set at the end of August, while the FTSE Emerging Market equity index gained a further 1.2 per cent, with China’s CSI 300 index rising sharply for a second day.
BDO representatives, Mr. Ricky Cheng, Director and Head of Risk Advisory (left) and Mr. Clement Chan, Managing Director of Assurance (right), present the Survey on the Performance of ESG Reporting of Hong Kong Listed Companies. HONG KONG, Sept 19, 2018 - (ACN Newswire) - While it is expected that listed companies should have a better understanding on the reporting requirements and capability to achieve better performances in the environmental, social and governance ("ESG") reporting in the second year of its survey of ESG reporting in Hong Kong, the results of this year's survey is still far from satisfactory with rooms for improvement.
TOKYO (AP) — Asian shares were mostly higher Wednesday, despite jitters over the escalating trade dispute between the U.S. and China.
China-focused stocks posted a turnround in morning trade on Wednesday as global equities broadly gained despite lingering concerns over the US-China trade dispute. The CSI 300 index of major Shanghai ...
It’s been a bullish start to the day, in spite of rising trade war tension, the Aussie Dollar leading the way, focus now shifting to UK inflation.
Equities were mostly higher in early Asia-Pacific trading on Wednesday with Japanese stocks rallying after a strong lead from Wall Street overnight. Tokyo’s Topix index, also buoyed by a weaker yen, was ...
assets had a solid day in the face of the tit-for-tat tariff moves, with the FTSE EM equity index edging up 0.2 per cent and some currencies — including the Russian rouble, Mexican peso and South Africa rand — gaining ground. The dollar index was up 0.2 per cent at 94.65 as the euro shed 0.2 per cent to $1.1665 and sterling retreated from a seven-week peak of $1.3172 to stand 0.1 per cent lower on the day at $1.3140.
SINGAPORE (AP) — Asian markets were mixed on Tuesday after President Donald Trump ordered tariffs on $200 billion more in Chinese goods, ramping up tensions between the world's top two economies.
With the U.S. yield curve coming close to inverting, so is Hong Kong’s thanks to its currency peg to the dollar. “While a Hong Kong inverted yield curve is not unheard of, it has generally preceded Hang Seng Index market peaks,” analysts led by Sean Darby, chief global equity strategist at the brokerage, wrote in a Sept. 17 note. “The Hong Kong equity market is facing higher domestic real rates, an inverting yield curve and ongoing contraction in the Hong Kong aggregate balance.
Another set of tariffs on China supporting the U.S Dollar early on, with the RBA meeting minutes failing to give the Aussie Dollar a boost.
Global stock markets started the new week on a soft note as investors waited to see if the U.S. slaps tariffs on another $200 billion-worth of Chinese goods. Oil prices rose, meanwhile, as heavy storms battered both countries. Wall Street was set for a muted open with Dow futures and the broader S&P 500 futures down 0.1 percent.
Economic data could take a back seat through the day, the markets more eager to see whether there is a green light for U.S – China trade talks.