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On Monday, stock indices of the Asia-Pacific region were traded in the green zone after the mixed start, notwithstanding the fact that on Wall Street negative signals were recorded. It’s because concerns about the trade war stepped up after US President Donald Trump said that he instructed his trade officials to consider extra duties on Chinese imports of $100 billion. Problems in trade relations persist after the official news agency of China Xinhua on Saturday reported that American "capricious" trade tariffs will end only with defeat.
Additionally, on Friday, the US Department of Labor reported that non-farm employment soared by 103,000 jobs in March after an updated leap of 326,000 jobs in February. Financial analysts had expected an ascend of about 193,000 jobs. The unemployment rate accounted for 4.1% per month, staying intact from the five previous months.
During Asia trade crude prices tacked on having dived more than 2% on Friday.
In Japan, the Nikkei index traded marginally higher in weak trade because as the Japanese yen is still robust against the evergreen buck after the release of the current account balance for February.
According to the Ministry of Finance, in February, Japan had a current account surplus of Y2,076 trillion after a surplus of Y0,607 trillion in January. However, the current account surplus turned to be lower than the economists' estimate of Y2,260 trillion.
The trade balance showed a surplus of Y188.7 billion, which is also lower than economists' expectations of Y249.7 billion after a deficit of -Y666.6 billion in the previous month. Exports increased by 0.9% compared to the same period last year and amounted to Y6,423 trillion, while imports grew by 17.8% to Y6.234 trillion.
The average value of Kospi in South Korea has increased. Technological companies are at the forefront of surge. Equities of Samsung Electronics tacked on by 1.3%, while Hyundai Motor and Posco lost 1-2%.
On Monday, Asian stocks dived on resuming trade tensions between America and key economies while crude gave up some of its hefty revenues made after key crude producers agreed to a mild increase in their output…
US equities went down, with Dow diving the eighth consecutive day…
On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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