|Day's Range||21,282.65 - 21,430.06|
|52 Week Range||18,948.58 - 24,448.07|
U.S. equities sank as the fallout from the White House’s moves against Chinese telecom giant Huawei battered technology shares and stoked trade jitters. Ten-year Treasury yields rose before a slew of U.S. data this week as well as Federal Reserve policy-meeting minutes on Wednesday. Markets remain on edge as the trade war develops, with the impact of President Donald Trump’s threats to choke Huawei Technologies Co. reverberating across the global supply chain on Monday and hitting some of the biggest component-makers.
Apple and Intel dragged the Dow Jones, chips weighed broadly on the stock market Monday, as U.S. action against China's Huawei took hold.
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,
Global stocks edge lower as moves to remove and delay tariffs last week by the White House were offset by the tech sector's reaction to the U.S. blacklisting of Huawei. Optimism was held in check by comments from President Donald Trump threatening the "end of Iran" as tension in the Gulf region continue to flare. Global oil prices jump higher following the President's Iran-related Tweet and comments from Saudi energy minister Khalid al-Falih that suggests the cartel will extend its agreement on production cuts next month in Vienna.
BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China.
German chipmaker Infineon is continuing most shipments to Huawei, it said on Monday, denying a report in Japan's Nikkei daily that it had suspended deliveries to the Chinese telecoms firm. Infineon, which makes power-management chips used in cars, smartphones and wind turbines, said most of its products were not covered by the U.S. export control restrictions announced by the Trump administration last Thursday. "As of today, the great majority of products Infineon delivers to Huawei is not subject to U.S. export control law restrictions, therefore those shipments will continue," Infineon said in a statement.
German chipmaker Infineon has suspended shipments to Huawei Technologies, in a sign that Washington's crackdown on the Chinese tech company is beginning to hamper its supplies beyond the United States, Nikkei Asian Review reported on Monday. Infineon had no immediate comment. Citing two people familiar with the matter, Nikkei reported that Infineon's decision to stop deliveries came after the Trump administration on Thursday officially added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom firm to do business with U.S. companies.
Japan's Nikkei share average edged higher on Monday as growth in the nation's economy unexpectedly accelerated in the first quarter, although market gains were limited as the data also pointed towards ...
China is down, but U.S. futures are up early Monday. This is causing a little confusion for traders after sources told CNBC on Friday that scheduling discussions for further trade talks have been put on hold since U.S. President Donald Trump’s administration has increased scrutiny of Chinese telecom companies.
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…
Japan's Nikkei share average edged higher on Monday as domestic economic growth in the first quarter proved firmer than expected, although market gains were limited as the data also pointed towards lacklustre ...
The ASX 200 in Australia rose after the country's conservative coalition secured an outright parliamentary majority on Monday following a shock election victory. Over in India, the Nifty 50 jumped after exit polls showed Prime Minister Narendra Modi likely to return to power following the country's general election. Over the weekend, Reuters reported that Alphabet's Google has suspended some business with Chinese telecommunications giant Huawei.
Chinese media contend that U.S. negotiators aim to thwart China’s rise, just as they ended Japan’s ascendancy 34 years ago, via an unfavorable deal.
Taiwan Semiconductor Manufacturing Co Ltd said it will maintain supplies for the time being even though it was assessing the impact of Washington's decision, the report said. Innolux Corp, which supplies screen to Huawei, said it will have an impact, but it was hard to determine its scope and that its shipping schedule for Huawei remained unchanged, according to the report.
Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world's two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners.
Taiwan Semiconductor Manufacturing Co Ltd said it will maintain supplies for the time being even though it was assessing the impact of Washington's decision, the report said. Innolux Corp, which supplies screen to Huawei, said it will have an impact, but it was hard to determine its scope and that its shipping schedule for Huawei remained unchanged, according to the report. U.S. chipmakers such as Qualcomm Inc and Qorvo Inc suspended shipments on Friday, the report said, while other U.S. companies are set to follow suit as the restrictions take effect.
Applied Materials was among Friday's few early leaders as stocks skidded lower and Caterpillar and Apple dragged on the Dow Jones industrials.
Asian markets were mixed Friday, with stocks in Hong Kong and mainland China retreating amid ongoing trade tensions with the U.S.
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,
State-run media use print, television and social media to excoriate U.S. moves on trade, as well as its blacklisting of Huawei, suggesting the two sides are moving further away from a potential deal. Bank of Japan Governor vows to keep rates near zero until the Spring of next year, underscoring the trade war threat to growth and its impact on currency markets and the U.S. dollar.
World share markets suffered a fresh bout of selling on Friday after tough words on trade from China, while bets on a new pro-Brexit leader in Britain sent the pound sliding to its worst week in well over a year. Shanghai finished 2.5% in the red and the yuan hit its weakest in nearly five months, amid growing fallout from President Donald Trump's move to block China's Huawei from buying vital American technology. The foreboding grew further as the Communist Party's People's Daily used a front page commentary on Friday to evoke the patriotic spirit of past conflicts, saying the trade war would never bring China down.
SINGAPORE (AP) — Global markets were mostly lower on Friday amid worries that U.S. economic sanctions on Huawei may cast a pall on trade negotiations with China.
The South China Morning Post's Louise Moon wraps up the week in Asian markets. She joins Yahoo Finance's Julie Hyman and Adam Shapiro.