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World stocks fall as Huawei sanctions touch trade fears



SINGAPORE (AP) – Global markets were mainly lower on Friday among concerns that US financial sanctions on Huawei could pave the way for trade negotiations with China.

Germany's DAX went 0.8% to 12,215,20 and CAC 40 in France lost 0.5% to 5,418,70. The UK's FTSE 100 fell 0.5% to 7 319.61.

Stocks in the US were set for early losses, with future contracts for the S & P 500 index falling 0.5% to 2863.70 and for Dow also down 0.5% to 25.746.00. [19659002] The Trump administration has issued an Exercise Confirmation aimed at banning Huawei equipment from US networks. Another sanction subjecting the Chinese telecommunications giant to strict export controls came into force on Thursday.

China has threatened to retaliate. It remains to be seen how the movement will affect trade negotiations, which are expected to continue.

Last Friday, trade negotiations talked without agreement after the US more than doubled the $ 200 billion tariffs from Chinese imports to 25% from 1

0%.

"The trade problem can still get worse before it gets better, but our perception remains that an agreement is finally reached to solve the problem given the economic (and in Trump's political) damage that would occur if an agreement is not reached, "Shane Oliver from AMP Capital said.

In Asia, the Shanghai composite gave 2.5% to 2,882.30. Hong Kong's Hang Seng lost 1.2% to 27,946.46 and the A-share index on the smaller Shenzhen market lost 3.3%.

Japan's reference Nikkei 225 jumped 0.9% to 21,250.09, while Australia's S & P ASX 200 advanced 0.6% to 6,365.30. Kospi in South Korea went 0.6% to 2.055.80. Stocks fell in Taiwan, Singapore and Indonesia, but rallied in the Philippines.

ENERGY: Benchmark US crude added 15 cents to $ 63.02 per barrel in electronic commerce on the New York Mercantile Exchange. It took 85 cents to $ 62.87 a barrel on Thursday. Brent crude, the international standard, rose 8 cents to $ 72.70 a barrel.

CURRENCY: The dollar eased to 109.60 Japanese yen from 109.85 yen on Thursday. The euro fell to $ 1.173 from $ 1.178.


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