قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Asian stocks are mostly flat, Japan is hurt by Chinese-American tensions by Reuters

Asian stocks are mostly flat, Japan is hurt by Chinese-American tensions by Reuters




By Hideyuki Sano and Vidya Ranganathan

TOKYO / SINGAPORE (Reuters) – Asian stock markets, including the Chinese, were slightly changed on Monday, dismissing news that the US administration was considering excluding Chinese companies from US stock exchanges. [19659002] The widest MSCI index of Asia-Pacific equities outside Japan () was flat, while the Chinese index of Shanghai (Shanghai) declined by 0.1%, only in response to any of the concerns about the latest tension in China and the US, which triggered the Nasdaq () index fell more than 1

% on Friday.

European stocks were spotted fighting when they opened for trading. Pan-European Euro Stoxx 50 () futures fell 0.11%, German DAX futures (0.08%) and futures () 0.16% lower.

Venture assets took a hit in US trade on Friday after news that the Trump administration was considering a radical new tactic for financial pressure on Beijing, including the possibility of divesting Chinese companies from US stock exchanges.

The report shattered Chinese stocks listed on US stock exchanges with Alibaba Group Holding (N 🙂 down 5.15% and JD.com (O 🙂 5.95% on Friday.

Concerns from such an escalation would hurt Japan, which weighed the most on Nikkei (), which shed 0.9%. US stock futures () gained 0.35%, down most of the index by 0.53% on Friday.

Trading on the Chinese markets was quiet before a long hiatus. Chinese stock markets will only trade on Monday this week before the country's national holiday, which runs through October 7.

On Monday, there were mixed signals from China's manufacturing studies that showed a persistent weakness in exports and a surprising improvement in the domestic market by Chinese central bank consumption indicators and a brief hint at plans for more stimulating policies.

The Chinese Yuan was slightly moved to 7.1260 yuan to the dollar, while increasing slightly from the three-week low on Friday of 7.1520.

The deletion of Chinese companies from US stock exchanges was part of a broader effort to curb US investment in Chinese companies, two sources told Reuters.

An official of the US Treasury Department said that the US does not currently plan to suspend Chinese companies from listing in the US, Bloomberg reported on Saturday.

"While China manages the current account surplus and is a net creditor country, the Chinese companies are net debtors and rely on foreign capital," Koji Fukai, President of Office Fukaya Consulting.

Washington seems to be trying to limit

However, with trade negotiations between the United States and China expected to take place on October 10-11, many market players hope to avoid such drastic measures in the capital markets [19659002] "At this point the markets will have to wait and see. Of course we have to beware of the crazier headlines, but this week might be a little more relaxed given the holidays in China. Economic data is likely will be the main driver for the markets, "says Kyosuke Suzuki, Director of Forex at Societe Generale (PA :).

US data on Friday showed that consumer spending barely rose in August, and business investment

Japan and South Korea's industrial output released Monday morning declined more than expected, highlighting the headwinds of the trade war.

Investors are

US House Speaker Nancy Pelosi said public opinion is now on the side of an impeachment investigation against Trump after releasing new information about his talks with Ukrainian President Vladimir Zelensky.

The major currencies were slightly changed, with the yen trading slightly stronger at 107.75 yen.

The euro held around $ 1.0932 () after plunging to a 28-month low of $ 1.0904 on Friday. for rapid growth in Europe, which weighs on the common currency.

The sterling was trading at $ 1.23, not far from Friday's level of $ 1.22270, its lowest level since September 9.

Boris Johnson said on Sunday that he would not step down as British prime minister even if he failed to secure a deal to leave the European Union, insisting that only his conservative government could deliver Brexit on October 31st.

Oil prices dropped but remained far from last week's lows.

The Crown Prince of Saudi Arabia warned in an interview with CBS's 60 Minutes program on Sunday that crude prices could jump to "unimaginably high numbers" if the world does not come together to deter Iran.

But Crown Prince Mohammed bin Salman said he would prefer a political solution to a military one, adding the September 14 attacks against the oil facilities of the kingdom are an act of war from Iran.

Crude (Brent) futures () fell 0.36% to $ 61.64 a barrel, while the US Western Intermediate Medal (WTI) of West Texas () fell 0.14% to $ 55.83 a barrel . [19659033] (This story corrects the title and the first paragraph of Asia shares "mostly flat" (not "edge lower") and in the second paragraph the MSCI Asia-ex-Japan index flat (no lower than 0, 55%)


Source link