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 stock market 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.

Brazil vs Tunisia, Mexico vs South Korea, Germany vs Sweden Match preview
The closest they came to scoring was with a header from a corner which Mexico goalkeeper Guillermo Ochoa tipped over the bar. Javier Hernández scored the second after 66 minutes, finishing off a rapid break.

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.

Son message touchant après la naissance de son fils Santiago — Eva Longoria
Pour faire plus dans l'émotion, elle n'hésite pas à finir son message en mentionnant la poétesse Warsan Shire. Eva Longoria vient de donner naissance à son premier enfant , un petit garçon prénommé Santiago Enrique.

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.


  • Hanley Ramirez involved in federal investigation

    Hanley Ramirez involved in federal investigation

    McPhee first tweeted her report this afternoon, and then went on 98.5's " The Baseball Reporters " to expound upon it. Ramirez is "being eyed" in connection with an ongoing federal and state investigation, according to NY Daily News .
    Razorbacks Roll By Texas Tech In Winner’s Bracket Of CWS

    Razorbacks Roll By Texas Tech In Winner’s Bracket Of CWS

    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".
    European Union  to respond to any USA  auto tariff move

    European Union to respond to any USA auto tariff move

    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.
  • Disney suspend ses projets liés à

    Disney suspend ses projets liés à "Star Wars"

    La sortie de Solo a tout de même rapporté 339.5 millions de dollars au niveau mondial. Le film Star Wars sur Boba Fett réalisé par James Mangold pourrait sortir en 2021.
    ALERT: Several injured in Zimambwe blast, moments after Mnangagwa address

    ALERT: Several injured in Zimambwe blast, moments after Mnangagwa address

    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.
    Border focus shifts to 2,300 kids already taken from parents

    Border focus shifts to 2,300 kids already taken from parents

    Trump had made since undergoing a surgical procedure for a benign kidney condition on May 14. The words, "Welcome! First Lady" were written in black marker across the red and white bars.
  • L'Allemagne arrache la victoire face à la Suède (vidéo) — Coupe du Monde

    L'Allemagne arrache la victoire face à la Suède (vidéo) — Coupe du Monde

    Les Mexicains ont confirmé leur succès inaugural devant l'Allemagne (1-0) en battant la Corée du Sud (2-1), ce samedi à Rostov. La Mannschaft s'impose 2-1 et conserve ses chances de qualification pour les huitièmes de finale de la Coupe du monde.
    Chicago Cubs owners keen to invest in AC Milan

    Chicago Cubs owners keen to invest in AC Milan

    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.
    Reuniting Families Separated at Border Could Take Months, Federal Officials Said

    Reuniting Families Separated at Border Could Take Months, Federal Officials Said

    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.
  • Gosden savours Gold Cup win

    Gosden savours Gold Cup win

    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".
    Lakers not interested in LiAngelo Ball because of LaVar?

    Lakers not interested in LiAngelo Ball because of LaVar?

    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.
    Salah gets citizenship in Russia

    Salah gets citizenship in Russia

    Kadyrov said Salah had praised the "wonderfully warm and good welcome" the team received in Grozny. Salah was expected to star for Egypt in their first appearance at the global showpiece since 1990.


NASCAR Driver Saved by His Own Father Following Horrific Crash
Despite his son being saved from danger, the heroic father returned to try to help track safety staff put out the inferno. It is noteworthy that NASCAR did not encourage Dean, but rather punished probation for unauthorized access to the track.

Alonso believes he's leading a "motorsport revolution"
It contradicted what Alonso had said at the start of the Paul Ricard press conference. In the end we got a little bit more lucky and a little bit more better set up.

Melania Trump wears 'I don't care' jacket to visit separated migrant children
This facility holds nearly 60 kids, majority ages 12 to 17, and was chosen knowing media would be traveling with the first lady. President Donald Trump contradicted the first lady's communications director, saying the message was directed at the media .

Dele Alli has 'slim chance' of playing against Panama, confirms Southgate
The squad and journalists have been competing at pub sports in Russian Federation . We have leaf cutter ants in one glass box and they get their food in another.

Nuggets take Michael Porter Jr. with 14th pick
Porter, a 6-10 small forward, is an elite shooter who has the ability to create his own shot. He averaged 10 points and played just 53 minutes at Missouri.

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.

"Je m'en fiche complètement" : la veste de Melania Trump fait polémique
Dans la foulée, différentes personnalités connues pour être d'ardents opposants au président Donald Trump se sont exprimées. Lors d'un voyage en Sicile, elle avait par exemple créé la polémique en portant une veste Dolce e Gabbana à 51 000 euros.

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".

Marin Cilic and Novak Djokovic set for Queen's final after semifinal wins
There's the tweeners and tweener lobs , of course, but also what appears to be changes to his service motion. The Spaniard walked through to the last eight after Milos Raonic pulled out with a right shoulder injury.