|Day's Range||21,266.98 - 21,404.54|
|52 Week Range||18,948.58 - 24,448.07|
Most U.S. stocks declined on news that the White House was prepared to target more technology firms in its trade wrangling with Beijing, while U.S. Treasury Secretary Steven Mnuchin said President Donald Trump is likely to meet with his Chinese counterpart at the end of June. The S&P 500 Index fell after reports that Trump was considering blacklisting China’s video-surveillance firms.
Most APAC Indexes Are in the Green amid the Trade War Escalation(Continued from Prior Part)Hang Seng rises marginally from 16-week lowWhile the mainland indexes turned to the red on May 22, the Hang Seng Index recovered slightly from its May 21
Global stocks drift lower as investors fade the impact of eased restrictions on Huawei to focus on slowing economic growth and rising geo-political risks. The New York Times reports the White House is reading to expand the number of Chinese firms on the so-called Entities List, a move that could escalate trade tensions between Washington and Beijing. Wall Street futures suggest a softer open to start to the trading day ahead retail sector earnings from Lowe's Companies and Target.
Japan's Nikkei edged up on Wednesday in an overall cautious market as data showed another drop in the nation's exports for April, which offset a few positive signs for the economy. Exporters and technology shares pared early gains and the Nikkei share average ended 0.1% higher at 21,283.37, after trading in a narrow range as sentiment remained fragile with no signs of de-escalation in the Sino-U.S. trade war. Data earlier in the day showed Japan's exports contracted for a fifth month in April, and though machinery orders unexpectedly rebounded the economic outlook suggested a difficult road ahead.
Japan's Nikkei edged up on Wednesday morning as technology shares rose tracking their U.S. counterparts, while the country's better-than-expected machinery orders aided sentiment. Since the White House added China's Huawei to a trade blacklist last week, several global companies have suspended business with the world's largest telecoms equipment maker. "Japan remains a hostage to global macro issues and cannot really move until more clarity out of the U.S.-China trade talks," said Takeo Kamai, head of execution services at CLSA Securities Japan.
Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the world's two largest economies. MSCI's broadest index of Asia-Pacific shares outside Japan initially edged up following gains on Wall Street but was last down 0.15%. Australian stocks slipped 0.25%, South Korea's KOSPI fell 0.45% and Japan's Nikkei edged up 0.05%.
Markets in Asia were mixed. The U.S. temporarily backed off on restrictions on Chinese telecommunications giant Huawei, but trade tensions continued to linger. Markets in Asia were mixed on Wednesday as trade tensions continued to linger between the U.S. and China.
U.S. stocks rebounded on Tuesday as the trade-war driven back-and-forth that has dominated markets this month showed few signs of abating. The S&P 500 Index climbed after the U.S. decided to grant limited relief for consumers and carriers that do business with Huawei Technologies -- a day after the White House’s moves against the Chinese telecom giant battered stocks. For all the turmoil, a gauge of global stocks remains within 5% of an all-time high, while the S&P 500 is about 3% from a record.
Global stocks rebound following a move by the Commerce Department to ease restrictions on China's Huawei Technologies. Tech stocks gain on temporary reprieve for world's biggest equipment maker, but China's hit at reprisals, as well as the ongoing supply chain disruption, caps equity market gains. Oil edges higher amid ongoing concern over the escalating U.S. rhetoric towards Iran, with prices also supported by OPEC's signalling of extended production cuts.
Asian stock markets were mixed in early trading Tuesday, amid reports that the Trump administration will extend a temporary reprieve for an export ban to China’s Huawei Technologies Co.
The RBA talks of rate cuts to pin back the Aussie Dollar as trade war jitters linger. Another quiet day on the stats leaves geopolitical risk in focus.
Stocks in Asia were mostly higher, with Chinese shares gaining more than 1% by the close. Investors cheered a reprieve in U.S.-China trade tensions surrounding Chinese telecommunications giant Huawei. Stocks in Asia were mostly higher on Tuesday as a temporary reprieve in U.S.-China trade tensions provided a breather.
U.S. equities sank Monday as the fallout from the White House’s moves against Chinese telecom giant Huawei battered technology shares and stoked trade jitters. The S&P 500 Index dropped for the second straight session, with semiconductor stocks among the biggest laggards, and the tech-heavy Nasdaq 100 Index saw its biggest decline in a week. Ten-year Treasury yields rose before a slew of U.S. data this week as well as Federal Reserve policy-meeting minutes on Wednesday.
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 ...