Tag: asia stocks
The world's two largest economies have now erected trade barriers covering virtually all of their US$660 billion in annual trade in merchandise.
Strong American economic data, including Thursday's report showing an increase in durable goods sales in June, has investors fearing a less dovish Federal Reserve announcement.
Investors are still keeping an eye on the corporate reporting season, which has been broadly positive.
Stocks in Asia retreat as investors turn their attention to upcoming testimony from the Federal Reserve chairman after a strong jobs report casts doubt on the pace of rate cuts.
Investors thinking the current rally in China’s sovereign bonds means it’s about to catch up with the big global surge might want to reconsider.
Stocks in Asia look set for modest declines as haven assets from Treasuries to gold resume rallies amid doubts over the pace of Federal Reserve rate cuts and warnings about global growth.
The US warns Hong Kong that it could face penalties if it does business with an oil tanker headed for the city that allegedly violated sanctions on Iran.
Tokyo has rose 0.3%, while Jakarta has gained 0.7%. But Hong Kong has lost 0.5%, while Shanghai has edged down 0.3%.
Although positive signs from the US-China trade talks have encouraged investment in several Asian sectors, investors are still reluctant to pour money into banks.
The escalation in US-China trade tensions will test two strong weeks of gains for Asian equities that lifted stocks off this year’s lows in part due to optimism that economies can weather the hit from trade restrictions.