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Asian , Pacific markets vary and focus on trade disputes

2019-07-12 06:57 am | Resource: News | No Views : 70

Asian , Pacific markets vary and focus on trade disputes

Most of the equity markets in the East Asia and Pacific region rose mostly on Friday with a focus on trade. US President Donald Trump has claimed that the goal of Chinese import tariffs is to "settle the stadium" rather than harm the largest Asian economy. Washington offered to mediate trade negotiations between Japan and South Korea. On the basis of data, Japan's Ministry of Economy, Trade and Industry reported that industrial production in the country fell by 2.1% in May on an annualized basis.

China could remain a "major threat" to the United States

US President Donald Trump's candidate for chairman of the Joint Chiefs of Staff, Mark Millie, said China could be the "main threat" to the United States for a century. "They watched us closely in the first Gulf War and the Second Gulf War," he told the Senate Armed Services Committee. "They have observed our capabilities and in many ways have emulated them, and they have adopted many beliefs and organizations." Committee during a confirmation session.

Japan's industrial production fell 2.1% in May on an annualized basis

On the data front, industrial production in Japan fell 2.1% in May on a year-on-year basis, with a 97.8 index, according to a revised report by the Ministry of Economy, Trade and Industry. Initial figures showed a 1.8% decline. The seasonally adjusted production index was at 104.9, indicating that production grew by 2.0% compared to the previous month.

The index of shipments at 104.0, up 1.3% in May compared to April; year on year, reached 95.3, 1.8%. The seasonally adjusted inventory was 104.3, up 0.5% on a monthly basis, while the original index was at 105.1, indicating a 1.5% growth over the same month in 2018. The inventory ratio was reported at 106.4, up 1.7% from April , And jumps 4.5% year-on-year to 114.4.

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