Asian stocks rise in midst of US-China trade tensions
24 Juin, 2018, 01:31 | Auteur: Auguste Feret
Hong Kong's Hang Seng was almost unchanged at 29,682.78 and the Shanghai Composite in mainland China increased 0.6 percent to 2,934.18.
The CSI 300, which tracks large caps listed in Shanghai and Shenzhen, increased by 0.44 per cent, or 15.94 points, to 3,608.91, while the Shanghai Composite Index also added 0.49 per cent, or 13.95 points, to 2,889.76.
Japan's benchmark Nikkei 225 index finished up 0.6 percent at 22,693.04, and Australia's S&P/ASX 200 climbed 1.0 percent to 6,232.10. Taiwan's benchmark rose, but Southeast Asian indexes were mixed.
The Hong Kong stockmarket headed south again on Thursday, one session after it had halted the four-day losing streak in which it had given away nearly 1,650 points or 5 percent.
Investors are increasingly anxious that the USA and China are heading for full-blown trade war, following the United States president's fresh tariff announcement against China last week, and threats of more action if China retaliates. On Tuesday, China's government called President Donald Trump's threat of new tariffs on $200 billion of Chinese goods "blackmail" and warned to retaliate with measures of its own.
The US administration has formally imposed tariffs on US$34 billion worth of Chinese imports, set to go in effect on July 6, while China last week retaliated with tariffs on US$34 billion of US goods.
POSITIVE HOUSING DATA: The solid USA job market has helped to boost demand for new homes. All of May's construction gains came from a 62 percent jump in the Midwest, while building slumped in the Northeast, South and West.
U.S. court backs states over web sales tax
It's also not known if Congress might set a uniform ceiling that all states would have to adhere to. Most likely, there will be a short window before e-commerce sites start collecting the taxes.
QUOTEWORTHY: "Trade tension is going to dominate market sentiment in the weeks to come".
ANALYST'S TAKE: "Uncertainties surrounding how things are moving on Trump's trade deal, not only with China but also with other economies, are still out there", said Margaret Yang Yan of CMC Markets.
The lead from Wall Street is negative as stocks moved mostly lower on Thursday as the Dow extended its losing streak to eight sessions. South Korea's Kospi dropped 1.0 percent to 2,339.95.
ENERGY: Oil futures ticked up ahead of Friday's OPEC meeting. Saudi Arabia and Russian Federation are seeking to raise production by 1.5 million barrels per day, but they may not get their way, experts say. The contract settled at $64.90 per barrel on Tuesday.
ENERGY: U.S. crude gained 3 cents to $65.74 a barrel and Brent crude, the worldwide standard for oil prices, lost 13 cents to $74.61 a barrel in London.
CURRENCY: The dollar rose to 110.56 yen from 110.02 yen late Wednesday. The euro dipped to $1.1572 from $1.1575.
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Following Florida's pursuits may be tempting to some, because Royals first-round draft pick Brady Singer pitches for the Gators. This was the best of the bunch as he allowed two runs on seven hits in 6 1/3 innings. "We've got a team approach to swinging".
Trump had announced plans for tariffs on foreign steel and aluminium in March, justifying them on national security grounds. Automotive News data shows about 7.2 percent of vehicles sold in the United States through May were assembled in Europe.
The president's spokesman, George Charamba, released a statement saying Mnangagwa was unhurt and an investigation was underway. The explosion occurred just as President Mnangagwa was leaving the stage after his rally at White City Stadium.
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The owners of Major League Baseball side Chicago Cubs say they are interested in buying a controlling stake in AC Milan . The AC Milan logo is pictured on a pennant in a soccer store in downtown Milan, Italy April 29, 2015.
Two leading Republicans say they'll keep trying to push a GOP immigration bill through the House. "This is a human rights mess ". The House postponed until next week a vote on a more moderate bill after it failed to attract enough support for passage.
The Gold Cup is the showcase of the week and to ride the first one for John and his wonderful team is very special. Full credit to the horse - he was courageous as a lion". "It was thrilling to win a Gold Cup in that manner".
No high-fives when they come out of the game. "You can look at every player, he's not connecting with not one player". The Los Angeles Lakers have formally informed LiAngelo Ball that he won't be on their Summer League team.
Lakers reportedly acquire 2nd-round pick from Sixers
Self said his experiences have shown him that the biggest negative for a player who goes undrafted often is the hit to his pride. The Lakers went all worldwide with their draft this year. "Selecting Moe Wagner was a big target for Magic", Pelinka said.
Sarah Hyland Shares 'Painful' Selfie After Being Hospitalized
The brunette stunner then shared a video of her lying in bed and cuddling with her pup, who sweetly licked her face as she filmed. Hyland has starred on Modern Family since 2009 and also appeared in ABC's Dirty Dancing remake past year . "Or fat.
Stephan Lichsteiner speaks out on Granit Xhaka celebration
Shaqiri had hit the crossbar in the first half before substitute Mario Gavranovic played him in to grab the dramatic victor . Xhaka also said his celebration was an emotional one and not political: "Frankly, my opponents did not interest me at all".