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Home / Business / China pays most weaker Asia markets, down as trade agreement enthusiasm cools

China pays most weaker Asia markets, down as trade agreement enthusiasm cools



Stocks were mainly lower in Asia on Tuesday, and withdrawn from Monday's rally asked that President Donald Trump had pushed back a deadline to raise tariffs on imports from China to allow for more negotiations.

Mainland China indices rose, but after a report in the Hong Kong newspaper, South China Morning Post reported that a vice president of the Banking Regulatory Commission, Wang Zhaoxing, had said there was a risk of fluctuating debt.

Shanghai Composite Index

SHCOMP, -0.27%

added 0.4%, while Japan's Nikkei 225 index

N-0.37%

lost 0.4%. Hong Kong's Hang Seng Index

HSI, [-0.7459006] -0.73%

fell 0.6%. South Korea's Kospi

SEU, -0.27%

slid 0.2%. Taiwan Reference Index

Y9999, + 0.01%

was flat, while Singapore

STI, -0.35%

shares fell.

Australia's ASX 200

XJO, -0.94%

fell 0.9% as falling prices for oil and other commodities hit energy companies like Santos

STO, -2.55%

and oil search

OSH, -1.19%

.

Among some shares, oil producer Inpex

1605, -3.84%

tumbled in Tokyo trading while Mitsubishi UFJ

8306, -0.27%

and Hitachi

6501, -0.80%

also declined. AAC

2018, -12.85%

thrown in Hong Kong

0883, -2.30%

after Apple

AAPL, + 0.73%

supplier warns that the net result in the first quarter may fall up to 75%. CNOOC and Galaxy Entertainment

0027, [1.67%] fell as well. Samsung

005930, -1.27%

and SK Hynix

000660, -0.27%

slipped in Korea.

On the other hand, the shares were modestly higher after most of their winnings came from an early rally as a result of the Trump administration's decision to abolish a March 2 increase of $ 200 billion in Chinese imports.

Investors welcomed the move, which averted an escalation in the damaging trade war between the world's two largest economies. The battle is over US complaints that Beijing is stealing technology or pushing companies to take it over.

But many questions remain about the prospect of an agreement that will relax the customs already beaten on both sides of billions of dollars of each other's goods. Trump's contradictory comments on the status of the calls have added uncertainty, said Jingyi Pan of IG.

"As we continue to see the trade issue through an opaque display and make assumptions from President Donald Trump's shadows, Sa Pan in a comment.

The S&P 500 Index

SPX, + 0.12%

added 0.1% to 2,796.11. Dow Jones Industrial average

DJIA, [0.2459006] + 0.23%

became 0.2% to 26.091.95, while Nasdaq Composite

COMP, + 0.36%

rose 0.4% to 7.554.46. The Russell 2000 Index

RUT, -0.08%

of smaller companies fell 0.1% to 1 588.81.

Elsewhere in Asia, South Korea's Kospi

SEU, -0.27%

fell 0.3% and Indias Sensex

1, -0.64%

fell 0.6% among mounting voltages with Pakistan. Stocks were lower in Southeast Asia.

Pakistan's military spokesman tweeted that Indian planes crossed into Pakistan and then "released payload," but said it was no coincidence. The Indian side had no immediate comment.

U.S. crude oil

CLJ9, -0.47%

gave up 32 cents to $ 55.16 per barrel in electronic commerce on the New York Mercantile Exchange. It lost 3.1% to settle at $ 55.48 a barrel in New York after Trump criticized rising oil prices in an early morning tweet. Burned crude oil

LCOJ9, -0.15%

fell 4 cents to $ 64.72 per barrel.

dollar

USDJPY, -0.21%

fell to 110.83 yen from 111.04 yen on Monday. The

EURUSD, -0.0792%

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

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