China slows Asian markets, mostly weak, down with excitement over trade agreements


Shares were generally weaker in Asia on Tuesday, as President Donald Trump's return pushed the deadline for raising tariffs on imports from China to allow more time for negotiations.

Mainland China's indexes however rose after an article in the Hong Kong newspaper, South China Morning Post, reported that a vice chairman of the Banking Regulatory Commission, Wang Zhaoxing, had stated that the risks associated with the soaring debt had been contained.

The Shanghai Composite Index

SHCOMP, + 0.67%

0.4%, while Japan's Nikkei 225 index

NIK -0.37%

lost 0.4%. The Hang Seng Hong Kong index

HSI, -0.65%

decreased by 0.6%. Kospi from South Korea

SEU, -0.25%

slipped 0.2%. The benchmark in Taiwan

Y9999, + 0.01%

was flat, while Singapore

IST -0.38%

the actions fell.

ASX 200 from Australia

XJO, -0.94%

fell 0.9% due to falling prices for oil and other commodities, affecting energy companies such as Santos

STO -2.55%

and looking for oil

OSH, -1.19%


Among the individual stocks, the oil producer Inpex

1605 -3.84%

fall in Tokyo while Mitsubishi UFJ

8306, -0.27%

and Hitachi

6501 -0.80%

also declined. AAC

2018 -12.51%

dived in Hong Kong

0883, -2.59%

after the apple

AAPL, + 0.73%

The supplier warned that the first quarter's net profits could fall by 75%. CNOOC and Galaxy Entertainment

0027, -1.85%

also fallen. Samsung

005930, -1.37%

and SK Hynix

000660, -0.53%

slipped into Korea.

Overnight, equities closed slightly higher after losing most of their gains following a recovery that began following the Trump government's decision to delay the increase in punitive duties on March 2. on Chinese imports worth $ 200 billion.

Investors welcomed this initiative, which helped avert an escalation of the prejudicial trade war between the two largest economies in the world. The battle is about American complaints that Beijing is robbing technologies or putting pressure on companies to deliver them.

But many questions remain about the prospects for an agreement that would solve the tariffs already applied by both parties on billions of dollars worth of goods. Trump's inconsistent comments on the state of the negotiations added to the uncertainty, said Jingyi Pan, of IG.

"In the current state of things, we continue to look at the problem of trade across an opaque screen and make assumptions about the shadow of President Donald Trump," Pan said in a comment.

The S & P 500 index

SPX, + 0.12%

added 0.1% to 2,796.11. The Dow Jones Industrial Average

DJIA, + 0.23%

gained 0.2% to 26,091.95, while the Nasdaq Composite

COMP + 0.36%

rose 0.4% to 7,554.46. The Russell 2000 Index

RUT, -0.08%

small businesses fell 0.1% to 1,588.81.

Elsewhere in Asia, Kospi of South Korea

SEU, -0.25%

Sensex of India slipped 0.3%.

1 -0.58%

decreased by 0.6% in a context of growing tensions with Pakistan. Shares were lower in Southeast Asia.

The Pakistani army spokesman tweeted that the Indian plane had entered Pakistan, then had "released the payload in a hurry" while claiming that it was not there. would not have had a victim. The Indian side has no immediate comment.

American crude oil

CLJ9, -0.47%

has sold 32 cents to $ 55.16 a barrel in electronic trading on the New York Mercantile Exchange. It lost 3.1% to settle at 55.48 dollars a barrel in New York after Trump had criticized the rise in oil prices in an early tweet. Raw Brent

LCOJ9, -0.17%

fell 4 cents to $ 64.72 a barrel.

The dollar

USDJPY, -0.22%

fell to 110.83 yen from 111.04 yen on Monday. the

EURUSD + 0.0000%

strengthened to $ 1,1376 from $ 1,1356.

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