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Markets were on the eve of a deadline for the application of US tariffs on Chinese imports
Straits Times Index (STI) – which added 11.82 points, or 0.4 percent, at 3,256.71 yesterday – and the L & P composite of Kuala Lumpur was two positives in a sea of red at the close of trading, the major indices like the Nikkei 225, the Hang Seng and the Shanghai Composite ending all down respectively 0.78, 0.2 and 0.9 percent. 1.85 billion shares are worth $ 973.4 million, the losers being up slightly from 200 to 175.
At noon today, the United States is expected to reach $ 34 billion ( $ 46.4 billion) duties on Chinese imports China has threatened to take stubborn measures and the spokesman of the Ministry of Commerce, Gao Feng, warned that the US would add tariffs "to companies of all countries, including Chinese ". and US firms "
FXTM's chief market strategist, Hussein Sayed, pointed out that current tariffs, when applied, are only a small part of the commercial value of the states. United States and China
. En route to?
"President Donald Trump threatened to impose $ 200 billion of additional tariffs on Chinese imports, to which China would respond equally. this will certainly lead to a fall in global equities, emerging market currencies and debt, "Sayed wrote.
US markets were closed on Wednesday for Independence Day
Singtel shrugged Wednesday with an increase of 2.93% or 9 cents from the US dollar. euros, on its announcement of 31 hours out of 2, and telecommunications services and Infocomm Media Development Authority conduct separate polls on this failure.
The Venture Corp stock was downgraded by UOB badyst KayHian, Foo Zhi Wei, for a "take" of a "buy" with a lower target price of $ 18.20 and a decrease of 1.89% to $ 17.17. Among the reasons for the downgrade was the slowdown in production of Phillip Morris's IQOS smoke-free device, which, according to the broker, accounted for nearly 25% of Venture's revenue in 2017.
Singapore Press Holdings, which publishes The Straits Times, also saw its shares rise 3.09 percent to $ 2.67 after a Bloomberg report cited a call CGS-CIMB Securities "add" on the band's intention to gain more from its real estate investments.
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