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Most Asian stocks are rising after the Federal Reserve decision

2019-03-21 07:40 am | Resource: NEWS | No Views : 55



Most markets in the Asia-Pacific region were trading Thursday's gains as investors digested the Federal Reserve's decision to keep interest rates and focus on the latest developments in US-China trade talks.

According to media reports, the world's two largest economies are expected to reach a trade deal by the end of June.

 However, US President Donald Trump said that even if an agreement is reached, Washington plans to maintain tariffs on Chinese imports "for a considerable period of time" to ensure that China "lives through the deal."

Abe visits the United States in April and discusses trade with the Trump report

Japanese Prime Minister Shinzo Abe will visit the United States in late April to meet US President Donald Trump, media reports said. Abe and Trump are expected to discuss trade agreements and Trump's planned visit to Japan in May, as well as the situation on the Korean Peninsula in the light of the collapse of the second summit between Trump and North Korean leader Kim Jong-un in Hanoi earlier this year.

Before visiting the United States on April 26-27, Abe may travel to France and other EU countries to prepare for the G20 summit hosted by Japan in Osaka in June.

Samsung launches the Galaxy S10 5G in April

Samsung Electronics said Thursday it will launch its first 5G smartphone, the Galaxy S10 5G, on April 5 in South Korea. The technology giant noted that customers who register on the model between the launch date and April 16 will receive wireless headsets and a wireless charging package with their new phone, plus a 50% discount on replacement of displays in the first year after purchase.

Samsung unveiled the Galaxy S10 series in February, when it said the 5G version would be available starting in the second quarter. Last week, Verizon announced that it would launch the 5G Ultra Broadband Network in Chicago and Minneapolis on April 11.

Asian stocks closed
 
  • In China, the Shanghai index rose 0.54% at 7:52 am CET.
  • The Shenzhen composite index jumped 1.25% at 7:41 am CET.
  • Meanwhile, the Hang Seng Index in Hong Kong fell 0.64% at 7:55 am CET.
  • Korea's Kospi rose 0.36% at 7:32 CET.
  • In Australia, the S & P / MSX 200 ended the 0.03 session in green.
  • The Nikkei average was closed on the day of the Spring Equinox. While the dollar lost 0.20% against the yen to trade at 110.471 at 7:47 CET.


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