|Day's Range||6,527.00 - 6,555.40|
|52 Week Range||5,410.20 - 6,587.30|
Investing.com - Asian markets were mixed in morning trade on Monday. Hong Kong stocks traded in the green after another mass protest over the weekend that forced an apology from the city’s chief executive.
“At present, we do have some external pressures, but those external pressures will help us boost our self-reliance in innovation and accelerate the pace of high-speed development,” said Liu, who is also the lead negotiator in the U.S.-China trade talks.
Investing.com - Asian markets were mixed in morning trade on Friday. Chinese stocks rose ahead of the release of the latest industrial production and retail sales data.
Once again, it appears that U.S. investors have been largely shielded from the worsening effects from the tariffs that have weakened other countries. Additionally, domestic GDP rose 2.9% in 2018 and 3.1% in the first quarter of 2019, inflation has been subdued and the labor market has held up for the most part.
Investing.com - Asian markets slid in morning trade on Thursday as Hong Kong stocks slumped amid violent clashes between protesters and police over a controversial extradition bill.
With most major indexes in Asia and the U.S., for that matter, trading marginally up or down, the steep drop in Hong Kong’s Hang Seng Index stands out. For stock traders, Hong Kong’s continuing attractiveness as a base for international business is increasingly being questioned.
Investing.com - Asian markets were mixed in morning trade, with the Hang Seng Index lower as Hong Kong braces for unprecedented strikes over an extradition bill.
U.S. President Trump and Chinese President Xi Jinping may meet at this month’s G-20 meeting, but based on China’s trade balance report, there doesn’t appear to be any urgency to strike an immediate deal to end the trade dispute. Friendly trade negotiations could begin, but it’s starting to look like China is willing to extend the tariffs into the 2020 elections as it bets on the opportunity to negotiate with a new administration.
Investing.com - Asian markets rose in morning trade on Tuesday, with Chinese stocks outperforming their regional peers on reports of government funding support for major investment projects.
Investing.com - Asian markets rose in morning trade on Monday, with Chinese stocks gaining about 1% following the release of better-than-expected trade data for May.
This week’s stock market performance, in the wake of the on-going trade dispute between the United States and China, and the new tariffs on Mexico, clearly shows that investors are counting on the Fed and to a lesser-extent, the European Central Bank to cut rates or provide additional stimulus measures sooner than previously thought.
Investing.com - Asian markets were mixed in morning trade on Thursday, with Chinese stocks underperforming after the International Monetary Fund (IMF) said it expected China’s growth to slow next year due to a worsening trade relationship with the U.S.
Investing.com - Asian markets traded lower in morning trade on Tuesday as concerns about the U.S.-China trade war continue to dent sentiment. Comments by a U.S. Federal Reserve official that a rate cut may be “warranted soon” were also in focus.
Investing.com - Asian markets were mostly lower in morning trade on Monday as Beijing released a white paper on the weekend and blamed the U.S. for escalating the trade war.
Investing.com - Asian Markets fell in morning trade on Thursday as the trade war between China and the U.S. showed no signs of easing.
Aside from a punchy increase in US consumer confidence, I am not sure we heard news in European/US that we hadn’t already heard and interpreted in Asia yesterday. However, the US reaction was certainly vastly different from how Asia traded yesterday and there has been a clear bid in safe-haven assets.
On Monday, President Trump said the U.S. was “not ready” to strike a deal with China, before adding he expected one in the future. He also said tariffs on Chinese imports could go up “substantially.” Traders read the comments as bearish because they certainly don’t indicate both sides are moving closer to a trade deal.
Investing.com - Asian stocks fell in morning trade on Wednesday as the ongoing Sino-U.S. trade war continued to sour sentiment for risk assets.
Trump’s trip to Japan ended with no major trade deal being reached. This was not a surprise since the trip seemed to focus more on pomp and circumstance than resolving deep issues on trade. Traders also felt the markets would continue to trade rangebound because broad market sentiment remained uncertain ahead of a possible meeting between the Chinese and U.S. presidents at the G20 summit next month.
The Greenback is on the move early, while the EUR and GBP are under pressure. Today’s stats and chatter from the administration will drive the majors.
Investing.com - Asian equities rose in morning trade on Tuesday as traders mulled U.S. President Donald Trump’s comments that said Washington is not ready to make a trade deal with China.
It’s a relatively slow start to the week. No major shocks from the EU elections left the EUR and GBP supported early on.
Investing.com - Asian stocks were mixed in morning trade on Friday and are set for a third week of losses as traders digest the latest headlines on the Sino-U.S. trade war.