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On Thursday, Asian markets were generally mixed because the Chinese government uncovered its plans to resume trade negotiations with America in an attempt to soothe tensions between the two leading economies.
A Chinese delegation led by, Vice Minister of Commerce, Wang Shouwen, is going to hold negotiations with American representatives in August. That’s what the Ministry of Commerce actually confirmed on Thursday.
The Turkish meltdown kept attracting attention because Qatar pledged to invest up to $15 billion in this Middle Eastern country. Following this news, Turkey’s currency ascended over 8% versus the evergreen buck.
Additionally, Tencent Holdings Ltd revenue report appeared to be in focus in morning trade right after the company shocked investors with its first sag in revenue for about 13 years.
The report showed up after watchdogs had the sale of its blockbuster video game dubbed Monster Hunter: World banned several days after its official launch on August 8 because watchdogs obtained many complaints as for the game, which was sold more than 8 million copies around the globe.
The Shanghai Composite index headed south by 0.1% in China, while the Shenzhen Component managed to gain nearly 0.1%. As for the Hang Seng index, it slumped by 0.5% in Hong Kong.
In Japan, Nikkei 225 leapt by up to 0.1% notwithstanding data disclosed that the country’s exports managed to jump by 3.9% year-on-year last month, which is quite short of a 6.3% ascend anticipated by market experts as well as a 6.7% year-on-year surge in June.
However, trade surplus with America went down by 22.1% year-on-year reaching 502.7 billion yen.
In addition to this, Australia’s S&P/ASX 200 managed to leap by 0.02%. The KOSPI index dipped by nearly 0.8% in South Korea, with big names such as SK Hynix Inc as well as and Samsung Electronics losing respectively 4% and 3%.
On Thursday, American equities jumped a bit due to the fact that market participants set aside fears over the everlasting trade conflict between China and America and turned their focus to economic data as well as earnings out later in the trading…
On Wednesday, EU key equities concluded up, recording their fourth straight winning marathon due to profits in the materials as well as chemicals sectors…
On Wednesday, American futures pointed to a lower start because market participants still worry over worsening trade war tensions…
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…
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