Asian equities generally rally
On Tuesday, Asian equities headed north, with Chinese shares adding nearly 0.5% right after Donald Trump told that he’ll probably ramp up levies on $200 billion of China’s products.
US leader told that he actually expects to proceed with lifting duties on $200 billion in China’s imports to 25% from the current reading of 10%.
American President told he’s ready to accept the Asian country’s China's request to postpone that lift scheduled on January 1. The remarks ran counter to recent rumors about a probable agreement when US leader meets Chinese President Xi Jinping at the highly-anticipated G20 summit in Argentina this week.
Apple went down by 2% in after-hours trading because Trump told that the new levies could affect laptops and iPhones imported from China. Trump added that the rate could be either 25% or 10%.
By the way, Apple’s products are exempt from the duties now. As for the equities of the company’s Asia-listed suppliers, they demonstrated mixed performance. Hon Hai Precision slumped by 0.7%. On the contrary, Pegatron managed to rally by up to 0.4%.
In addition to this, in China, the Shanghai Composite as well as the Shenzhen Component managed to tack on by respectively 0.4% and 0.5%.
Besides this, the Hang Seng Index was nearly intact in Hong Kong coming up with a reading of 26,361.00.
Apart from that, Japan’s Nikkei 225 headed north by up to 0.7%. Moreover, chat app operator Line Corp headed south by up to 9% following reports that it’s already teaming up with Hong Kong-listed Tencent Holdings Ltd for the purpose of providing mobile payment services to small Japanese retailers.
In addition to this, the KOSPI index ascended by nearly 0.6% in South Korea.
Meanwhile, in Australia, the ASX 200 index managed to surge by 1%.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…