Asian stocks sank on Wednesday after US President Donald Trump threatened higher tariff increases on Chinese imports if negotiations aimed at ending the trade war fail to reach a provisional agreement.
Market ratings in Shanghai, Tokyo, Hong Kong and Southeast Asia all
In a speech in New York on Tuesday, Trump said on Tuesday that the Phase 1 deal, announced last month, "could happen soon. "But he warned that he was ready to raise tariffs on Chinese imports" very substantially "if that fails.
The talks appear to have been halted by China's pressure on Washington to abolish some of its punitive tariffs imposed in the fight against trade surplus. and Beijing's technological ambitions, the Chinese government said Last week, negotiators agreed, but Trump denied it.
Trump's comments "served as a reminder of the challenge facing the two sides," an IGI report said in a report, however, she said that investors
Comments failed to endure Wall Street, which closed with modest profits.
Shanghai Composite Index
lost 0.2% to 2 908,63, and Tokke Nikkei 225
sank 0.9% to 23,303.13. Hong Kong Hong Seng
went down 1.9% to 26 549.
Hair in Seoul
retreated 0.8% to 2,124.68 and Sydney's S & P-ASX 200
was 0.6% lower at 6,715.70. Taiwan
shares have fallen. New Zealand
shares fell after the country's central bank unexpectedly kept its official exchange rate unchanged.
Among the individual shares, Nissan
fell in trade in Tokyo after reporting a 70% drop in operating income from the previous year and lowering their expectations of revenue and profit. Fast retail
In Hong Kong, real estate stocks like New World Development
Wharf Real Estate
and Sino Land Co.
have been hit as violent protests continue.
Shares in Hong Kong have jumped since the escalation of violence in anti-government protests for five months. A protester was shot dead on Monday, while others blocked streets and tracks and dropped petrol bombs at the University of Hong Kong.
Protests began in June over the proposed extradition law and grew to include demands for more democracy and other complaints. Already under pressure from weak global demand and the tariff war between the US and China, Hong Kong fell into its first recession since a decade.
downloaded in South Korea and Foxconn
submerged in Taiwan. Beach Energy
broke up in Australia.
On Wall Street, the S&P 500 indicator
SPX, + 0.16%
rose to 3,100 levels for the first time, but the profits did not hold. The index closed 0.2% at 3,091.84. The Dow Jones industrial average
DJIA, + 0.00%
closed unchanged at 27 691,49. The Nasdaq
COMP, + 0.26%
accumulated 0.3% to a record 8 486.09.
Market momentum is mostly upward for more than five weeks as concerns about the US-China trade war diminish, among other factors.
Stocks in healthcare, technology and communications led to profits on Tuesday, outweighing losses at energy companies and elsewhere.
This week, the US Department of Labor needs to update consumer and wholesale inflation.
Federal Reserve Chairman Jerome Powell is due to testify to Congress on Wednesday for the US economy. Most investors expect the Fed to keep interest rates down for now, having cut them three times since the summer.
Benchmark USA harsh
lost 29 cents to $ 56.51 a barrel in e-commerce on the New York Stock Exchange. The contract fell 6 cents on Tuesday to close at $ 56.80. Brent is harsh
used for international oil prices, threw 28 cents to $ 61.78 a barrel in London. It ceded 12 cents to $ 62.06 the previous session.
USDJPY, + 0.03%
was equal to 109.06 yen from 109.01 yen on Tuesday.