China shares give preliminary gains on trade news as Japan's Nikkei falls in Asia

Chinese stock markets have started higher among a mixed start for Asia, with mainland shares, perhaps helped by the latest trade headings.

The US and China started the last round of trade negotiations late Monday with a telephone conversation with State Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer and Chinese Vice President Liu He.

Wall Street Journal reported that the three senior officials discussed Chinese purchases of agricultural products and changes in basic Chinese economic policy during the phone call, people told the conversation. They did not give details to Journal.

The Shanghai Composite

SHCOMP, + 0.37%

is up 0.1[ads1]% and Shenzhen

399106, + 0.85%

Composite 0.4% after the reference point disappeared second in China yesterday. Economy leads the gain, while drug manufacturers have stabilized after their recent decline.

However, most of the blue-wells, due to their higher correlation with the macroeconomic climate, can still be overcast by slowing down economic growth, says Soochow Securities. It expects techs to be one of the limited lights in 2019 for Chinese stocks.

Nomura analysts recommend investors be careful in China. "We believe that the markets put too much hope for the speed, scope, scope and efficiency of Beijing stimulus measures and that they may be unprepared for a significantly worse decline in Q2."

"Like those who were too bearish in China several years ago, we announce that those who are too bullish can be detected in the same way confuse," says investment bank.


NIK, -0.34%

is again underperforming other Asian markets, with the Japanese stock market of 0.6%, with transport and knocking down at almost 1%. Meanwhile, Sony

6758, + 0.72%

is down 1.2% despite a bounce method in US tech name. But some defense games are in green, with food and merchandise up about 0.5%.

Singapore shares are among those who decline further Tuesday in Asia, as the region's shares generally struggle for direction. The Straits Times Index

STI, -0.40%

who spoke its lowest close for more than 2 weeks yesterday, lies outside another 0.3%. Banks are sinking, with UOB

UOBKH, + 0.00%

down 1.1%. But Singapore Air

C6L, + 0.22%

is up 0.3% thanks to the fresh overnight slide in oil prices.

The story was compiled from Dow Jones Newswires reports.

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