Asian equities show mixed performance
On Thursday, Asian equities demonstrated mixed performance in morning trade. The Brexit marathon keeps unrolling as British Prime Minister Theresa May told she’d step down if the UK legislative body approves her Brexit deal.
As a matter of fact, China’s Shanghai Composite sank by about 0.4%. As for the SZSE Component, it surged by 0.1%. In Hong Kong, the Hang Seng Index was nearly intact. Besides this, stocks of China Construction Bank Corp decreased by nearly 1.5% right after the company posted its first profit sink since 2015 in the first quarter of this year.
Besides this, Japan’s Nikkei 225 went down by 1.5%, while South Korea’s KOSPI slipped by 0.6%.
As for Australia’s ASX 200, it managed to tack on by about 0.3%.
Meanwhile, on the China-US trade front, American Trade Representative Robert Lighthizer as well as Treasury Secretary Steven Mnuchin are braced for having next round of trade negotiations with China’s statesmen in Beijing now. It was previously reported that the two sides expect to come to a compromise before the end of April.
Referring to an anonymous American statesman, Reuters informed that China and America have made progress in trade negotiations, with unprecedented movement on the delicate issue of forced technology transfers.
According to the source, the sides are actually negotiating forced technology transfer in a way they have never been eager to talk about before, well, both in terms of specifics and scope.
Considering the previous month’s texts, the sides managed to move forward literally in all areas. However, the trading partners haven’t reached the desired outcome yet. The agreement could be real already in April, although there’re still certain pitfalls.
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…