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Dow turns negative for 2018, down 0.1% year to dateReutersChina's Ministry of Commerce spokesperson Gao Feng attends a news conference in Beijing Tuesday. U.S. stocks finished in the red on Tuesday, albeit off session lows, as investors shed stocks following President Donald Trump’s late-Monday threat to slap an additional $400 billion in tariffs on China goods. The Dow Jones Industrial Average (^DJI) fell 1.2%, or 287.26 points, to close at 24,700.21, dragged down by sharp losses in trade-sensitive, industrial stocks Boeing Co.(BA), Caterpillar Inc.(CAT) and 3M Co.(MMM).
U.S. government bonds rallied Tuesday as President Donald Trump threatened to impose tariffs on some $450 billion in Chinese goods, ramping up a trade conflict between the world’s largest superpowers and sending investors rushing to assets perceived as safe. Against that backdrop, risk assets came under pressure while bond prices rose, driving yields lower. The 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X) fell 3.3 basis points to 2.893%, slipping briefly below the 100-day moving average at 2.878%, their intersection has only occurred twice in the last nine months.
Rising threats of retaliatory tariffs sent global markets sprawling Tuesday. Boeing and American Express posted the Dow's heaviest early losses. China-based stocks were worst hit across much of the market.
The Japanese yen (FXY) closed the week at 110.67—compared to the US dollar (UUP) for the week ending June 15. A hawkish FOMC statement and the Bank of Japan’s uneventful policy meeting caused the yen to depreciate. The Bank of Japan chose to leave its ultra-loose monetary policy unchanged and presented a gloomy view of the economy at its May monetary policy meeting, which led to more losses for the Japanese currency.
Global stock markets fell Tuesday after U.S. President Donald Trump escalated a dispute with China over technology policy by threatening a tariff hike on an additional $200 billion of Chinese goods. KEEPING ...
With trade tensions between Washington and Beijing running high, US technology companies are eyeing Taiwan as an alternative hub for production and research, reinventing the two economies’ former PC partnership for the big data age. For this reason, the audience was eager to hear plans by Amazon and Microsoft this month at Computex Taipei, Asia’s largest technology expo. In a keynote address, Satyen Yadav, general manager for “internet of things” technology at Amazon Web Services, stressed the impact that the field will have on Taiwanese industry.
Asian exporters took a heavy hit Tuesday, with China stocks suffering their lowest close in two years, following President Donald Trump’s announcement of potentially $400 billion in additional tariffs ...
Investing.com - Asian equities extended their losses in afternoon trade on Tuesday, with China’s Shanghai Composite and the Shenzhen Component down more than 3% after U.S. President Donald Trump threatens to impose new tariffs on more Chinese goods.
The global financial markets responded to tariffs on $200bn worth of China imports into the U.S and China’s promise to respond, both sides seemingly unwilling to back down. If Trump wanted a weak Dollar, a trade war is not the way.
Tokyo's benchmark Nikkei index dropped more than 1.7 percent on Tuesday, with investors jittery over US-China trade tensions and a strong yen. The Nikkei 225 index fell 1.77 percent or 401.85 points to close at 22,278.48 while the broader Topix index was down 1.55 percent or 27.51 points at 1,743.92.
Investing.com - Asian equities were mostly lower in morning trade on Tuesday after U.S. President Donald Trump said he has ordered the U.S. Trade Representative to identify $200 billion worth of China goods for additional tariffs.
Tokyo stocks opened lower Tuesday, with investors jittery over US-China trade tensions as US President Donald Trump threatened to impose a 10-percent tariff on $200 billion worth of Chinese goods. The ...
According to Markit Economics, Japan’s service PMI rose marginally month-over-month in May, to 51 from 52.5. It missed the market expectation of 52.
BEIJING (AP) — Asian stocks tumbled Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods.
Global stocks dropped Monday on concerns over trade as the U.S. and China scheduled the start of tariffs on each other's goods, and a row over migrants threatened the German government. Markets in China ...
Japan posts larger-than-expected trade deficitBloomberg NewsStocks in Tokyo were down Monday. Asian stocks ended mostly lower Monday as investors reacted to rising tensions between the U.S. and China, two of the largest economies in the world. Japan logged its first trade deficit in three months in May on a surge in imports of aircraft and aircraft engines from the U.S., data from Japan’s finance ministry showed Monday.
Tokyo stocks fell on Monday amid lingering worries over a US-China trade war, while the impact of a strong earthquake that shook western Japan earlier in the day was limited. The benchmark Nikkei 225 index ...
Is the trade war on? Following China’s response to the U.S tariffs on China exports to the U.S, it could get ugly, with Trump’s first tweet of the week likely to have a material bearing of risk sentiment through the week.
In Singapore, waiting for a bus has gone high tech. In March, a new bus stop was put up along Singapore’s trendy Orchard Road shopping district. For ST Engineering, the bus stop is a test bed for its new technologies in the areas on which it focuses — transportation, security and energy.
It’s another jam packed week ahead, with trade wars, OPEC, the Bank of England’s monetary policy decision and a number of central bankers slated to talk through the week. Things could get ugly if the U.S responds…
NEW YORK (AP) — U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies.
U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies. The White House announced tariffs on $50 billion of imports from China, and China's almost-immediate response was a promise to retaliate with its own of the same scale. Stocks sank from the start of trading, and the S&P 500 was down 0.7 percent at one point before paring its loss as the day progressed.
Earnings news drove Adobe and Canada Goose, while trade-sensitive stocks dived Friday on the latest skirmish in the U.S. and China trade war.
The winds of trade wars are blowing hard this morning ... because investors need one more big thing to deal with at the end of a hard-core week, right? The last four days saw Trump buddy up to North Korea and some pretty hawkish action out of two major central banks, but aside from tech stocks, U.S. equities never got off the ground. “Perhaps Trump feels that the strength of the U.S. economy and recent success in Singapore gives him the breathing room to make a sacrifice on the economy and jobs in an attempt put additional pressure on other countries,” says Craig Erlam, senior market analyst at OANDA, in a note.
SEOUL, South Korea (AP) — Global stock markets were mostly lower on Friday as U.S. President Donald Trump's approval of a plan to impose tough tariffs on China renewed concerns about trade friction.