Stocks in Asia Face Mixed Start; Yields Slide

Market Preview: Stocks in Asia Face Mixed Start; Yields Slide - Bloomberg

16.5.2019

Market Preview: Stocks in Asia Face Mixed Start; Yields Slide - Bloomberg

(May 16): Asian equities headed for a mixed start Thursday after weak U.S. economic data added to concerns about the escalating trade tensions and sent Treasuries higher.Futures pointed to a flat open for stocks in Tokyo, while Hong Kong indicated losses. The caution comes despite U.S. equities rising Wednesday as Bloomberg reported President Donald Trump would postpone by up to six months a decision on car tariffs that was due by Saturday. The two-year Treasury yield touched the lowest

Anxiety remains after unexpectedly weak U.S. and Chinese economic numbers Wednesday heightened worries the trade war could weigh on a global economy that’s already slowing. The possibility that Trump will delay penalties on cars and end steel and aluminum tariffs helped calm investors concerns about his protectionist turn against major trade partners, outside of China.

The yen held at 109.58 per dollar. The offshore yuan was at 6.9028 per dollar. The Bloomberg Dollar Spot Index was little changed. The euro was steady at $1.1204.

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Stocks Mixed in Asia as Tariff Deadline Nears(May 9): Asian stocks were mixed amid dissonant signals on U.S.-China trade, with a deadline for the imposition of new tariffs just one day away. Treasuries steadied.Shares were modestly lower in Japan and South Korea, while Australia’s stock index opened flat. Futures on the S&P 500 Index edged lower after U.S. shares fluctuated for much of Wednesday. Traders sought a measure of calm after the White House suggested a deal was still possible even as both sides threatened tariff

Most SE Asian stocks advance as Trump offers trade hopes to markets(May 15): Most Southeast Asian stock markets advanced on Wednesday, following a firmer finish on the Wall Street, as US President Donald Trump's upbeat remarks on Sino-US trade talks helped repair bruised optimism.All three major US stock indexes rose on Tuesday after President Trump said he had a 'very good' dialogue with China and insisted talks between the two economies had not collapsed, raising hopes of a possible trade resolution as Washington and Beijing prepare to meet again at

Most SE Asian stocks end weaker as trade worries bite; Indonesia sinks(May 15): Most Southeast Asian stock markets reversed course to close lower on Wednesday, as US-China trade concerns lingered, with the Indonesian index leading the declines after the country posted its widest monthly trade deficit in history.Risk appetite had recovered earlier in the day after US President Donald Trump said he had a 'very good' dialogue with China and insisted talks between the two economies had not collapsed.'I don't think any recovery will be sustainable as China is unlikely

Most SE Asian stocks end weaker as US-China trade rift deepens(May 13): Most Southeast Asian stock markets closed lower on Monday, as investors took a cautious stance fearing flare-up in the Sino-US trade negotiations, while anxiety over a possible retaliation by Beijing kept sentiment fragile.Until last week, there were expectations that US President Donald Trump and his Chinese counterpart Xi Jinping would sign a trade deal at the summit. However, the trade talks suffered a major setback last week when China proposed extensive revisions to a draft agreement.'Tensions appear

Stocks Sell-Off to Hit Asia as China Strikes Back(May 14): The sell-off that sank U.S. stocks and global commodities is set to spill into Asia after China retaliated with higher tariffs on a range of American goods. Treasuries jumped with the yen on demand for haven assets.Futures flagged shares will fall when markets open in Tokyo and Sydney. All three major U.S. benchmarks ended more than 2 percent lower, only the second time this year that’s happened, after China targeted some of the biggest U.S. exporters in

Asia stocks set to climb after US reboundSYDNEY (May 15): Asian stocks were poised to track a rebound in U.S. equities as President Donald Trump said he had an ongoing dialogue with China, assuaging some concern about the deteriorating trade war.Futures pointed higher for stocks in Japan, Hong Kong and Australia. U.S. equities rebounded Tuesday from their worst sell-off in four months, while Treasuries, gold and the yen declined. The offshore yuan -- a key risk indicator due to concern China will use it to retaliate

Stocks Edge Up in Asia as Tariff Deadline Nears(May 10): Asian shares climbed with U.S. equity futures as the U.S. and China continued a pivotal round of trade negotiations. The yuan remains near its weakest since January.Shares in Japan and South Korea rose, while futures indicated a rebound in China, with hours to go before Washington ratchets up tariffs. Contracts on the S&P 500 Index ticked up after the benchmark pared losses on Wall Street into the close on Thursday. President Donald Trump said he received a

Asia stocks bounce from three-and-a-half month lows as trade fears softenTOKYO (May 15): Asian stocks bounced from a 3-1/2-month low on Wednesday as a slight softening in rhetoric from U.S. President Donald Trump helped ease worries about the U.S.-China tariff war and on expectations Beijing could release more economic stimulus.Shares in Asia were led by strong gains in Chinese equities, which rebounded after two days of losses.“Chinese stocks are mounting a rebound as they had been oversold in recent sessions. Sentiment is also better as President Trump seems to be

Philippines falls most on tepid growth data; trade jitters continue(May 9): The Philippine stock index fell nearly 2% on Thursday after a disappointing first-quarter growth data, while most of its peers in the region extended losses as investors remained edgy ahead of the crucial US-China trade talks.Markets were nervous after Beijing on Thursday threatened countermeasures if the additional 25% tariff on US$200 billion worth of Chinese goods, ordered by US President Donald Trump, came into force on Friday.Chinese Vice Premier Liu He is expected to meet US officials

Philippines biggest loser on weak growth data; trade deal jitters remain(May 9): The Philippine stock index closed more than 2% lower on Thursday on disappointing growth data, while all its peers in Southeast Asia fell amid worries over salvaging the US-China trade deal before fresh US tariff hikes set in.Chinese Vice Premier Liu He is heading a delegation scheduled to hold talks with US counterparts in Washington on Thursday and Friday, as China attempts to scrape out a deal to avert an additional 25% US tariff on US$200 billion

Indonesia falls most, others muted as Trump's China tariff kicks in(May 10): Indonesian stocks fell the most after hopes of an imminent interest rate cut dimmed, with most others in Southeast Asia remaining subdued on Friday, as US tariffs on Chinese imports kicked in while the two nations engage in crucial talks to rescue a trade deal.US President Donald Trump said on Thursday he believed it was possible to reach a deal this week after he received a 'beautiful letter' from Chinese President Xi Jinping which called for the

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