Asia: Another positive day for Chinese stocks. The Shanghai Composite added 47 points (1.54%) to 3101, the highest closing since June 7th 2018. The SENSEX increased 190 points (0.52%) to 36633, Hang Seng and ASX200 rose 76 points (0.26%) to 29,038 and 46.3 points (0.75%) to 6,246 respectfully. However, both the NIKKEI 225 and KOSPI […]
Asia: China’s Premier Li Keqiang stated that China will face a graver and more complicated environment as well as risks and challenges that are greater in both number and size (in the coming future). He also reduced GDP growth expectation for 2019 from around 6.5% last year to 6%-6.5% this year. A 2 trillion (CNY) […]
Asia: China has accused two Canadian’s of spying in what seems as to be retaliation of the extradition of Huawei executive to the US. Tensions seems to be escalating between the two countries. Huawei Meng Wanzhou, in turn, sued Canada for violation of human rights. Ironically, there are now hopes for a conclusion to the […]
Asia: Stocks were boosted amid renewed hopes that a US and China trade deal will finally be resolved in the coming weeks. Some analysts are pointing their fingers at President Trump, stating that the deal was meant to be helping Americans, instead it is seen to be bringing fear to many businesses worried about importing […]
Asia: U.S. President Donald Trump said he had walked away from a nuclear deal at his summit with Kim Jong-un on Thursday as they cannot accept the demands from each other. Kim Jong-un pressed for the end of the US sanctions, however Trump declined as this was not possible until proof of total nuclear disarmament […]
Asia: Most of the Major Asian stock indexes increased today apart from the Hang Seng dropping 30.79 points (-0.11%) to 28,740. The Nikkei 225 gained 107 points or 0.5% to 21557; the Shanghai Composite added 12 points or 0.4% to 2954; the Kospi went up 8 points or 0.4% to 2235 and the ASX 200 closed 22 […]
Asia: Most of the major Asian stocks decreased today after yesterday’s impressive rise, particularly in the Shanghai Composite. The Shanghai dropped 63bps to 2943 today. Nikkei decreased -0.37bps to 21449; Kospi decreased 25bps to 2227; Hang Seng and ASX 200 decreased 65bps and 94bps to 28772 and 6128 respectfully. Gold did not absorb any of […]
Asia: Major global news today regarding the US China trade talks. President Trump tweeted on Sunday that the US and China have made substantial progress with the trade talks, extended trade talks were made during the weekend and the deadline for the tariff increase has subsequently been postponed. However, he did stress that an agreement […]
Asia: The global markets reacted to the following news of President Trump expectations to meet with Chinese Vice Premier Liu later in the day to conclude US-China trade talks. Investors were really optimistic about the news, which pushed up most of the major Asian stock markets today. The Nikkei 225 was not to follow […]
Asia: Reports from Asia state that China is proposing an agricultural deal worth up to 30 bn a year. This would mean that China would have to source products from the US such as soybeans, corn and wheat. However, this news has failed to inspire any excitement in the Chinese markets today as the […]
