|Day's range||22,154.97 - 22,312.44|
|52-week range||16,358.19 - 24,115.95|
The latest boost to sentiment came from Chinese factory activity gathering steam in June, with the Caixin/Markit manufacturing PMI rising to 51.2.
China said Monday it will impose visa restrictions on U.S. individuals with “egregious conduct” on Hong Kong-related issues, mirroring U.S. sanctions.
The United States is imposing visa restrictions on Chinese Communist Party officials believed responsible for restricting freedoms in Hong Kong.
China’s industrial output expanded 4.4% in May from a year earlier but the gain was less than expected, official data showed on Monday.
Japan’s machinery orders slumped at their quickest pace in nearly two years. Wholesale prices fell at the fastest annual pace in nearly four years.
In corporate news out of Hong Kong, the South China Morning Post reported Tuesday that the Hong Kong government will bail Cathay Pacific.
In Japan, revised gross domestic product data for the first quarter showed the economy contracted less than initially thought,
Australian retail sales suffered a historic plunge in April while the trade surplus narrowed as the coronavirus battered the economy.
Mid-week market drivers with Dukascopy TV. We’ve got COVID-19 news and numbers, U.S – China tension, and optimism towards the economic.
U.S. President Trump said that he was preparing to take action against China this week over its effort to impose national security laws on Hong Kong.
Australian shares jumped to their highest value in almost three months. Japan’s Nikkei surged on fresh stimulus speculation.
The move by China drew a warning from U.S. President Donald Trump, who said the United States would react “very strongly” against it.
Trump signaled a further deterioration of his relationship with China by saying he has no interest in speaking to President Xi Jinping right now.
Chinese shares closed higher on Wednesday, reversing course from small losses as a rally in healthcare stocks boosted the index, although gains were capped due to persisting concerns around a potential second wave of COVID-19 cases.
China’s factory-gate prices fell to a four-year low, official data showed Tuesday, with firms suffering from the economic devastation unleashed by the coronavirus on the global economy.
Despite the early strength on Monday, the markets still face headwinds which may limit gains. South Korea warned on Sunday of a potential second wave of cases. Japan is set to launch a second budget to help the country tide over the economic fallout from the pandemic
Asia – Pacific shares firm as news of top trade representatives of China and the United States holding phone talks calmed investors worried about simmering Sino-U.S. tensions
Japan’s blue-chip Nikkei average edged up on Wednesday, helped by gains in semiconductor-related stocks. The broader Topix index dropped 0.32% to 1,426.73, with air transport and land transport among the worst three performing sectors on the local bourse.
The Australian share market wiped out a week’s worth of gains and Japanese shares retreated from a near-eight week peak on Friday.