Asian shares are mixed on lingering trade worries

Asian shares are mixed on lingering trade worries

On Wednesday, Asian equities turned out to be mixed in morning trade because worries over a looming trade conflict between China and the United States kept lingering.

The Dow headed south by 287.26 points, erasing all of it revenue for the year. As for the S&P 500, it went down by 0.4%, the Nasdaq decreased by 0.3%.

Goldman Sachs CEO Lloyd Blankfein’s statement appeared to be shocking because the statesman told that he’s not concerned over the recent global trade clashes between the two leading economies.

In China, the Shanghai Composite index as well as the Shanghai Component started 0.07% and 0.02% lower. As a matter of fact, the Hang Seng Index managed to grow by 0.2% in Hong Kong.

Governor of the People’s Bank of China, Yi Gang told in an interview with the Shanghai Securities News that policymakers are ready for outside shocks. Moreover, he asked investors to be calm. China’s major financial institution is ready to take adequate measures to respond to the standoff and stabilize the country’s stock markets.

The Chinese statesman told that China’s authorities are going to be forward-looking in the situation. The Chinese government will come up with relevant policies and certainly utilize all kinds of monetary policy solutions. He added that stock market turbulence is mostly powered by market sentiment. In addition, he pointed out that his country has enough room to adequately respond to any trade hostile move.

Besides this, this week China’s leader Jinping and North Korea’s leader Kim Jong Un had a meeting in Beijing.  The both leaders came to a deep understanding on a variety of issues, including denuclearization of the Korean peninsula, as North Korea’s state media informed.

Kim’s two-day visit to China’s capital that followed his Singapore summit the previous week, is expected to finish a bit later today.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera