|Day's range||28,327.00 - 28,699.21|
|52-week range||26,353.83 - 33,484.08|
China’s Shanghai Composite Index closed higher last week and broke the seven-week losing streak. However, the Shanghai Composite Index opened lower and declined as the day progressed on Monday amid the weak market sentiment.
Softer economic growth in China weighed on risk appetite early in the day, with the U.S – Russia Summit, trade tariff chatter and U.S retail sales figures in focus through the day.
Asian stocks slipped on Monday as investors digested the release of a barrage of China economic data, shrugging off the gains seen stateside in the previous session.
China's stock exchanges said on Saturday they would not expand their stock connect scheme with Hong Kong to foreign firms, companies with different voting right structures and so-called "stapled" securities. The exchanges were responding to a move in May to include the three types of securities in Hong Kong's Hang Seng Composite Index starting from the third quarter of this year. The Shanghai stock exchange said in a statement it reached the decision after consulting with domestic brokerages.
China’s Shanghai Composite Index regained strength on Thursday and rose to two-week high price levels. However, the Shanghai Composite Index opened lower on Friday and closed the day with limited losses. The Shanghai Composite Index closed this week with a gain of 3.07%—the biggest weekly gain in two years.
While risk appetite returns to the markets, the Dollar looks to have found its some upside in the early part of the day, though it could all change should sentiment towards trade tariffs take another turn.
Stocks were off to a strong start Thursday, as the tone improved in U.S. trade war and NATO rhetoric. Airlines rallied on Delta Air earnings. CA spiked on takeover news.
China’s Shanghai Composite Index pulled back on Wednesday and broke the three-day gaining streak. Carrying forward the weakness, the Shanghai Composite Index opened lower on July 12. However, the Shanghai Composite Index regained strength as the day progressed and closed at two-week high price levels on Thursday.
Further to “ Xiaomi/Chinese IPOs: cell division ” (Lex, July 10): the compiler of the Hang Seng index has offered a reason as to why Xiaomi is not a sell. Its shares will be included into the index through ...
The US S&P 500 benchmark equity index closed at a five-month while the tech-heavy Nasdaq Composite hit an intraday record peak. The dollar hit a six-month high against the yen — reflecting “an unwinding in the [Japanese] currency’s built-in ‘haven’ premium, which has allowed market participants to re-focus on bullish fundamentals for dollar/yen”, said analysts at Action Economics. The headline consumer price index rose 2.9 per cent in the year to June — the fastest pace since 2012, while the core inflation rate — which strips out food and energy — rose to 2.3 per cent, an 18-month high.
The risk tap opened this morning, providing much needed support for the Asian equity markets and the commodity currencies, with focus now shifting to the release of the ECB policy meeting minutes and U.S inflation figures.
Asia-Pacific equities rose on Thursday after declining in the previous session on the latest development in the US-China trade spat, while oil prices steadied following the biggest one-day tumble in more than two years. Hong Kong’s Hang Seng index nudged higher, rising 0.1 per cent following a 1.3 per cent fall in the previous session after Donald Trump began the process of imposing tariffs on a further $200bn of Chinese goods.
Asian stocks closed higher, with markets shaking off some of the trade jitters seen overnight after the Trump administration announced a list of Chinese goods that may be subject to new tariffs.
Stocks and global markets shifted sharply lower Wednesday, as an expansion of the U.S.-China trade war threatened to snap the market's four-day win streak.
The dollar rose moderately against most of its main peers — and jumped against the Turkish lira — although the Canadian dollar hit a one-month high versus its US namesake after the Bank of Canada raised interest rates, as expected. The US currency’s broad strength — which helped push gold back towards a recent six-month low — came in spite of falling Treasury yields.
A potential $200 billion escalation in the U.S. trade war with China sent stock futures and China's markets sprawling early Wednesday. AAR and WD-40 dived on earnings news, as a handful of oil names stuck close to buy points.
China’s commerce ministry said during the lunch time trading break that it was “shocked” by Washington’s latest actions and promised to retaliate against the tariffs. The Chinese ministry said the US actions “were hurting China, hurting the entire world and hurting the US itself” and that the “irrational action was unpopular”.
China-focused stocks led a broad sell-off in Asia-Pacific equities on Wednesday after the US started the process of imposing tariffs on a further $200bn of imports from China, escalating the trade war ...
Trade developments returned to focus during Asian trade on Wednesday, with major markets in the region recording sharp declines.
After declining for seven consecutive trading weeks, China’s Shanghai Composite Index started this week on a stronger note by rebounding on Monday. Carrying forward the strength, the Shanghai Composite Index opened higher on July 10 and closed the day at ten-day high price levels.
“In terms of the detail, the market is no nearer to being able to consider the implications of Brexit on the UK economy and, of equal concern, companies are reining back investment until those ramifications can be understood” — Richard Hunter, head of markets at Interactive Investor. The pound moved back above the flatline, rising from intraday losses that followed weak economic data, as investors bet that the cabinet accord on Brexit will survive two senior ministerial departures. Sterling rose 0.1 per cent overall at $1.3276, having been as low as $1.3222, after the weaker than expected data served as a reminder of the complex economic fundamentals faced by UK assets.
The Dow Jones Industrial Average had its best day in a month Monday as investors focused on a strong jobs report from late last week and the coming earnings season, despite heightened trade tensions. Some fear the protectionist trade policies will slow corporate activity and crimp global growth, hurting a range of assets from stocks to commodities. Now, many are looking ahead to second-quarter earnings season, which begins in earnest Friday with results from some of the nation’s largest banks, to see how the trade threat is affecting companies.
China’s Shanghai Composite Index closed lower last week and clocked the seventh consecutive weekly drop. However, the Shanghai Composite Index opened higher on Monday and rose to one-week high price levels.