Rising Asian markets; Trump urges the Fed to reduce its rate to win the trade war by Investing.com

Investing.com – Asian markets advanced Wednesday morning in the morning, after a slump felt earlier this week, due to heightened trade tensions between the United States and China.

China and countries earn 1% and 1.1% respectively at 10:30 am ET (02:30 GMT). Hong Kong rose 0.7%.

China's growth slowed to 5.4% in April after peaking at four and a half years in March, the data showed previously. Analysts previously expected 6.5% growth in industrial production.

rose by 6.1% in January-April compared to the same period last year, which is also below expectations. Private sector capital investment, which accounts for about 60% of total investment in China, grew by 5.5% over the same period.

Another report showed an increase of 7.2% in April compared to 8.6%.

Apple's net provider (NASDAQ :), Foxconn (TW :), reported a net profit of 19.82 billion Tanzanian pesos (637.26 million US dollars) for the first three months of 2019, down 17 , 7% compared to the same period of the previous year.

Another Apple supplier, listed in Japan Japan Display Inc (T :), rose more than 3% after the Nikkei Business Daily announced that the company planned to reduce by one fifth the number of its employees, because it was considering a rescue plan of a consortium Sino-Taiwanese .

The slight decrease of 0.1%. Auto stocks underperformed today after Nissan Motor Co., Ltd. Prediction of unexpected loss (T 🙂 and dividend reduction.

Elsewhere, South Korea increased by 0.6%. In Australia, trade also increased by 0.6%.

Tensions between the United States and China intensified this week after China announced Monday that it would increase tariffs on US imports to $ 60 billion as of June 1, in retaliation for the decision of Trump administrations to increase tariffs on Chinese imports.

The market sentiment, however, found some support after Trump had stated that it would become apparent "in about three or four weeks" that trade negotiations with China were succeeding. He then predicted that China's next move would be a rate cut, and he urged the US Federal Reserve to do the same to help the United States win the trade war.

"China will inject money into its system and will probably reduce, as always, interest rates in order to make up for the business it is losing and losing. If the Federal Reserve made a "match", it would be over, we would win! In any case, China wants an agreement! He tweeted.