|Day's range||27,699.23 - 27,999.60|
|52-week range||24,540.63 - 31,521.13|
Developed APAC: ASX, Nikkei Surge, Hang Seng Drops, KOSPI Steady(Continued from Prior Part)Australian stocks are on a rollAustralia’s benchmark S&P/ASX 200 Index has continued its dream run while most other Asia-Pacific stocks seem to be under
Developed APAC: ASX, Nikkei Surge, Hang Seng Drops, KOSPI SteadyHang Seng fallsFollowing the mainland’s footsteps, Hong Kong’s Hang Seng Index fell in early trading and only partially recovered thereafter. The index dropped 0.57%, or 159 points,
It’s a mixed start to the day, support for the Aussie Dollar kicked in, while the EUR and the Pound could be under pressure. EU elections loom…
The U.S – China trade war continued to grip the markets and, while the China economy showed cracks, U.S stats impressed.
Australia, Japan Up—Singapore, KOSPI, and Hong Kong DownHang Seng fallsHong Kong’s Hang Seng Index fell in early trading and didn’t recover until the end of the trading day. The index dropped 1.16%, or 329 points, to end the day at 27,946.46,
Although China has not announced any retaliatory moves against the U.S. in reaction to the move against Huawei, U.S. firms still took a hit in anticipation of a drop in business. Qualcomm was down 4%, Micron was nearly 3% lower, and semiconductor firms Qorvo and Skyworks were down 7% and 6%, respectively.
The U.S. equities rise as strong earnings and data support the market, but the gains were capped by escalating trade tensions.
May 16 Update: Trade War Turns to Treasuries and Huawei(Continued from Prior Part)Hang Seng flatHong Kong’s Hang Seng Index closed almost flat after sizable gains in the last two trading days. The index closed at 28,275.07, up just 0.02% from
Most APAC Markets Recover on US Optimism, China's Stimulus Hopes(Continued from Prior Part)Hang Seng recoversHong Kong’s Hang Seng Index, which fell 1.5% on May 14, ended up gaining 0.52% on May 15 to end up at 28,268.71. The index followed the
Equity markets rebounded in Tuesday trading but trade concerns are still present and dragging on sentiment.
May 14: Indian Indexes Gain, Other Asian Markets Stay in the Red(Continued from Prior Part)Hang Seng is backAfter celebrating Buddha’s birthday yesterday, the Hang Seng index was back in action today. The index lost 1.5% as negative news piled up,
Stocks bounced back from their worst day in months on Tuesday as President Donald Trump reiterated China still wanted to ink a trade deal with the US, allaying some of the market’s concerns over rising tensions between the world’s two largest economies. In a series of tweets on Tuesday morning, Mr Trump said: “When the time is right we will make a deal with China”.
China has struck back at US accusations that it reneged on trade commitments, saying it was Washington that repeatedly tried to change the terms of the negotiations midway through the talks. In its first detailed explanation of the failure of the discussions, China’s foreign ministry on Tuesday accused Washington of trying to force Beijing to suddenly increase the volume of goods it was willing to buy from the US as part of an agreement, violating terms struck in December.
A sense of calm in the forex markets early on as the U.S futures point to a positive open in the equity markets. It could all change in a second…
US-China trade tensions are expected to continue being the dominant theme this week, as Asian markets kicked off Monday in risk-off fashion.
It is becoming evident that the US/Chinese trade issues are going to become a point of contention for the markets going forward. We’ve been review as much news as possible in an attempt to build a consensus for the future of the US markets and global markets. As of last week, it appears any potential trade deal with China has reset back to square one.
APAC: Will It Be Endgame or an Infinity War for Trump and Liu?(Continued from Prior Part)Hang Seng gainsHong Kong’s Hang Seng Index gained 0.84% on May 10 to end the day at 28,550.24. It was the best day of an otherwise turbulent week for the
Tariffs rise to 25% and U.S. equities fall, elsewhere in the world markets rise as traders remain hopeful a trade deal will be reached.
After four days of declines and with meetings scheduled to resume on Friday, U.S. investors weren’t particularly shaken up by the deadline passing
Wall Street rebounded sharply on Friday, erasing its early losses, after President Donald Trump said the latest round of trade talks between the US and China were “candid and constructive”. But the late ...
Chinese stocks ended Friday sharply higher after a frenetic few hours that saw the local benchmark whipsaw between gains and losses amid the latest developments in the US-China trade war. Chinese stocks initially rose early in the trading day on optimistic comments made by US President Donald Trump regarding trade talks. Finishing off a rollercoaster day, the CSI 300 then rallied strongly in the final two hours of afternoon trading. The move was mirrored by Hong Kong’s Hang Seng index, which was up 1 per cent after a similarly brief fall in the afternoon.
Following a remarkable 39% gain from its December lows, China A50, an index made up by mainland Chinese shares, dropped sharply and at the time of writing they had slid by 12.55% from their 2019 high.
May 9 Asia-Pacific Update: All Eyes on Renewed Trade Talks(Continued from Prior Part)Hang SengHong Kong’s Hang Seng Index, which generally follows the mainland’s lead, closed 2.39% lower at 28,311,07 on May 9.On May 8, the iShares MSCI Hong