On Friday, American futures went down because traders worry about decelerating economic surge in China and in other countries…
Asian markets decrease
On Thursday, Asian markets tumbled in the morning, with Hong Kong shares losing nearly 3% after the detaining of the chief financial officer of Huawei Technologies.
On Wednesday, Canada’s Department of Justice informed that CFO of Huawei, Meng Wanzhou was detained in Vancouver. She’s blamed for violating American sanctions. She’s currently being extradited to the USA.
After that announcement, in Canada, China’s embassy criticized this country and America for this arrest and also demanded her release right now.
At the request of the US, the Canadian police detained a Chinese citizen who hadn’t broken any Canadian or US law. That’s what China’s embassy told in a brief statement on its official website.
The news showed up after China and the United States decided to cease the planned lift in duties to 25% from 10% on China’s imports a bit earlier this week.
China’s Ministry of Commerce published its first official statement on Wednesday’s gathering and stressed that it was successful. However, it didn’t provide any details on the result of those talks.
The Ministry emphasized that China would start working rapidly to take certain steps already agreed upon, since both parties actively promote the work of talks within 90 days in compliance with a clear timetable as well as road map.
As Bloomberg News informed, officials have started reparations to restart imports of American soybeans as well as liquefied natural gas.
The Hang Seng Index reached 26,061.00 in Hong Kong, declining by 2.9%. The Shanghai Composite along with the Shenzhen Component in China both sank by respectively 1.3% and 1.6%.
Additionally, Australia’s ASX 200 went down by 0.7% after data disclosed that in October the country's trade surplus amounted to nearly AUD 2.3 billion versus the anticipated AUD 3.2 billion from a Reuters survey.
Nikkei 225 dived by 2.3% in Japan, while South Korea’s KOSPI declined by 1.4%.
On Friday, Asian equities declined because China came up with a set of poor data, thus driving fresh worries of a deceleration in the world's number two economy and also leaving traders fretting over the wider effect of a yet unresolved China-US trade…
On Thursday, American equities decreased in volatile trade because optimism provoked by progress in US-China trade negotiations faded away, with market participants preferring defensive sectors, including utilities and real estate…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…