قالب وردپرس درنا توس
Home / Business / Asian stocks open mixed as trade optimism disappears – the Asian market last

Asian stocks open mixed as trade optimism disappears – the Asian market last



Asian stocks were mixed on Tuesday. Hong Kong's Hang Seng Index ( HSI ) was flat. China's Shanghai Composite Index ( SHCOMP ) falls 0.5%. Both ended higher Monday.
South Korea's Kospi ( KOSPI ) also opened slightly lower, but edged higher during morning early trade. On Monday, the index ended 1.1%.
Japan's Nikkei 225 ( N225 ) was the region's pioneer: The advanced 1
.7%
catching up to its global peers after been closed Monday for a holiday.
American futures, meanwhile, edged higher after a lower closing on Wall Street overnight. Futures for Dow ( INDU ) S&P 500 ( SPX ) and Nasdaq [19659002] ( COMP ) all moved up 0.2% during Asian trading hours.

US President Donald Trump announced what he called a "very significant phase one deal," hoping for a resolution in the US-China trade war.

The preliminary agreement includes a halt to US tariff increases which were to take effect this week. Trump also told reporters that intellectual property, financial services and agricultural procurement are included in the deal.

But the two sides still seem to be far from striking any kind of comprehensive agreement, and the latest announcement does not address any of the biggest rifts that divide the United States and China.
Separately, China's consumer inflation reached its highest level in six years thanks to an increase in pork prices. The consumer price index rose 3% in September from the same period the year before, and accelerated from a 2.8% increase in August, government statistics showed on Tuesday. The reading was also higher than the 2.9% expected by analysts polled by Reuters.
Pig prices rose by almost 70% in September compared to a year ago. China has been suffering from a severe outbreak of African swine fever that has wiped out at least a third of the pig population.

Source link