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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 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…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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