country flagالعربية

Asian markets diverged after a report on China's treatment of impact trade war

2019-09-11 06:06 am | Resource: News | No Views : 50

 Asian markets diverged after a report on China's treatment of impact trade war

Markets were mixed across Asia later in the session on Wednesday after Hu Shijin, editor-in-chief of China's Global Times, said Beijing "will implement important measures to mitigate the negative impact of the trade war." He said the measures "will benefit some companies from China and the United States."

China unveils list of US duty-free goods

In the same context, China released the first list of US goods to be duty-free on Wednesday. The list contains base oils and greases, but agricultural goods such as corn and soybeans, as well as pork, did not appear on the list. Soybeans and corn are among the most valuable crops in America, and China is the largest buyer of soybeans in the United States.

Chinese Foreign Ministry spokesman Jing Shuang told reporters at a press conference that the new list represents a "goodwill gesture" ahead of the next round of trade talks scheduled for October. China will consider tariff exemptions on additional products imported from the United States, while the exemptions will take effect on September 17.

South Korea to file a complaint against Japan in the World Trade Organization

SEOUL - South Korea will file a complaint against Japan at the World Trade Organization (WTO) later in the day over Tokyo's decision to restrict exports of certain technical materials to South Korea, South Korea's trade minister said. Yu claimed the Japanese move was "politically motivated" and indicated that it would ask for consultations with Tokyo and review the procedures. If the consultations are not successful, Seoul will seek to set up a WTO committee on the matter.

Earlier this year, Japan imposed trade restrictions on exports of chemicals used in the production of smartphones and chips to South Korea and removed the country from its list of preferred trading partners in response to a dispute over victims of forced labor in World War II.

Asian shares trading
  • In China, the Shanghai Composite fell 0.18% at 7:28 CET.
  • The Shenzhen Composite Index fell 0.78% at 7:29 CET.
  • Meanwhile, the Hang Sang Index in Hong Kong rose 1.76%.
  • Japan's Nikkei 225 rose 0.87% at 7:10 CET after Prime Minister Shinzo Abe announced a cabinet reshuffle.
  • In South Korea, the Kospi Composite rose 0.60% at 7:11 am CET
  • Australia's S&P / ASX 200 rose 0.12% at 7:31 am CET.

Other analysis

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…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.