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Asian markets mixed on Wednesday diverge amid trade uncertainty

2019-07-17 05:47 am | Resource: News | No Views : 75

Asian markets mixed on Wednesday diverge amid trade uncertainty

Asian markets mixed on Wednesday after US Federal Reserve Chairman Jerome Powell once again pointed out that uncertainty about a trade war and slowing global growth might require a rate cut. The same signals caused Wall Street to end trading below the fixed line after several consecutive highs.

Meanwhile, Chinese Premier Li Keqiang announced a new round of investment in the country after the latest data showed that the country's gross domestic product had fallen to its lowest level in 27 years.

US lawmakers seek to ban Huawei on the law

A bipartisan group of lawmakers has introduced legislation that bars US-based companies from dealing with Huawei without Congressional approval. In a joint statement, senators said the future law of the fifth generation of the defense of America would reinforce US President Donald Trump's decision to place Huawei on a black list of technology because it is "a facade of the Chinese Communist Party."

The measure would go beyond the president's executive order, which also bars companies from dealing with China's giant telecommunications company, but is now used as a bargaining chip in the ongoing trade frenzy between Washington and Beijing.

Following the G20 summit in Osaka, Trump announced his decision to ease the ban on Huawei, while the US Department of Commerce began issuing licenses allowing US companies to sell equipment to a Shenzhen-based company.

Asian Indices Trading
  • The Shanghai Composite Index was trading at 4:13 am CET.
  • Shenzhen Composite rose 0.49% at the same time.
  • Hong Kong's Hang Sang Index fell 0.37% at 4:12 CET.
  • The Nikkei average fell 0.40% at 4:10 am. The greenback was trading at 0.05% against the yen at 108.1880 at the same time.
  • South Korea's Kospi Composite Index also fell 1.08% at 3:55 am CET.
  • The Australian S & P / ASX 200 was trading in Green Zone, up 0.47% at 4:12 am CET

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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

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