country flagالعربية
0
0

Asian stocks mixed amid trade developments between US and China

2019-11-08 06:43 am | Resource: News | No Views : 19

Asian stocks mixed amid trade developments between the US and China

Stocks were mixed in Asia on Friday, as investors watched recent developments in US-China trade negotiations. Although China posted better than expected trade balance figures, this was not enough for all indicators to become green. Also, Assistant US President Donald Trump and Trade and Manufacturing Policy Director Peter Navarro said that "there is no agreement at this time to remove any of the tariffs as a condition of the first phase deal."

China posted better-than-expected trade balance figures in October

China's General Administration of Customs released its trade balance report for October on Friday. China's trade surplus against the United States from January to October was $ 247.74 billion, while the trade surplus against the United States in October was $ 26.42 billion. The trade balance with the US was positive at $ 42.81 billion, which is also better than market watchers expected amid the Beijing-Washington trade war.

China's exports fell 0.9% year on year in dollars. That's better than expected 3.9%. Imports fell 6.4% from last year in October.

 Beijing has agreed with Washington to raise existing trade tariffs in intervals, the Ministry of Commerce said on Thursday. However, US Assistant President Donald Trump and Director of Trade and Manufacturing Policy Peter Navarro claimed that "there is no agreement at this time to remove any of the tariffs as a condition of the first phase deal," and this "only" person who can decide that President Trump.

Asian shares trading
  • The Nikkei 225 rose 0.12% at 4:54 CET. In mainland China.
  • The Shenzhen Composite rose 0.86% at 4:46 am CET.
  • The Shanghai Composite rose 0.35% at 4:30 am CET.
  • South Korea's KOSPI fell 0.20% at 4:55 am CET.
  • Australia's S & P / ASX 200 fell 0.14% at 4:55 am CET.
  • The Hang Seng Index fell 0; 43% at 4:55 am CET.

The dollar was steady against the yen, trading at 109.2230 at 4:57 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 doubts.TradingPekk.com 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.