[ad_1]
SINGAPORE (AP) – Asian markets tumbled on Monday as traders feared that President Donald Trump would only report on the progress of trade talks with China to score political points in the run-up to the mid-term elections to the states. -United.
GUARANTEE OF THE SCORE: The Japanese Nikkei 225 index fell 1.2% to 21,985.05 and that of South Korea, 1.6%, to 2,059.60. The Hang Seng Hong Kong index slid 2.4% to 25,891.48. The Shanghai Composite Index fell 1% to 2,649.21. The S & P ASX / 200 in Australia fell 0.1% to 5,841.70. Shares fell in Taiwan and Singapore, but rose in the Philippines.
WALL STREET: Tech stocks fell on Friday as Apple announced mediocre profits and said it would stop disclosing iPhone's quarterly sales. Shares of the Company sold 6.6% to $ 207.48. But high-growth stocks rose after the United States and China said they had made progress in trade talks. The S & P 500 index fell 0.6% to 2,723.06% and the Dow Jones Industrial Average, from 0.4% to 25,380.74%. The Nasdaq composite, which has a high concentration of technology companies, slid 1% to 7,356.99. The Russell 2000 stock index of smaller companies rose 0.2% to 1 547.98.
US-CHINA TRADE: World markets rose on Friday after President Donald Trump said he spoke to his Chinese counterpart Xi Jinping of the trade. Trump added that the talks "were progressing well" in anticipation of a meeting scheduled for the Group of 20 summit later this month. Larry Kudlow, one of the White House's leading economic advisers, said later that "there may be a slight thaw here." Both countries have already imposed tariffs on their respective exports amounting to billions of dollars and allusions are still to be expected if the relations do not improve. A spokesman for the Chinese Ministry of Foreign Affairs agreed that the leaders had had a positive phone conversation, without specifying whether they had made progress in escalating the trade dispute surrounding Beijing's technology policy.
ANALYST TAKING: Different pronouncements by US authorities on the progress of trade negotiations with China have kept "political uncertainty in turmoil," said Stephen Innes of OANDA in a commentary on the market. "Investors are far too wary of a hollow promise, but in the end they will have to decide what part of President Trump's olive branch in China was a ploy to revive the stock markets before the US elections in a real attempt to achieve a agreement, "he said.
ENERGY: Oil prices have fallen as the United States has defended the exemptions granted to eight unidentified countries, which will be able to continue importing Iranian oil after sanctions are reinstated. The benchmark US crude fell 48 cents to 62.66 dollars a barrel in electronic trading on the New York Mercantile Exchange. He lost 55 cents to 63.14 dollars a barrel in New York on Friday. Brent, used for the price of international oil, lost 42 cents to 72.41 dollars a barrel. The contract yielded 6 cents to 72.83 dollars a barrel in London.
CURRENCIES: The dollar has fallen from 113.19 yen to 113.18 yen on Friday night. The euro was flat at $ 1,1387.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, disseminated, rewritten or redistributed.
[ad_2]
Source link
