Asian equities mixed after US, China tariff moves
HONG KONG: Signs of easing tensions between China and the US in their trade row fuelled hopes of a breakthrough in high-level talks next month but ...
In a tweet Wednesday night, Trump said:"We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th."
The delay"shows Trump doesn't want to increase tariffs before the trade talks in early October and it creates good conditions," said Tommy Xie, an economist at Oversea-Chinese Banking Corp."It adds to the hope that there'll be good news from the October meeting, and markets will wait and see."
The apparent easing of trade tensions boosted oil prices as the prospect of an end to the row revived hopes for demand.
Then, next week the Federal Reserve meets, with speculation rife that it will lower borrowing costs again, which would please Trump, who in a Twitter outburst on Wednesday said they should"BE BROUGHT WAY DOWN".
Reports said the proposal is likely to fail, however, as it is dependent on the LSEG scrapping a planned US$27 billion takeover of US financial data provider Refinitiv, which the three-centuries-old exchange said it"remains committed" to buying.
Tokyo - Nikkei 225: UP 0.8 per cent at 21,759.61 (close)
Brent North Sea crude: UP 21 cents at US$61.02 per barrelRead more: CNA
Asian stocks rise on hopes for US-China trade, monetary stimulusAsian stocks rose on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off ...
Asian equities mostly up after US, China tariff movesHONG KONG: Asian investors on Thursday (Sep 12) cheered Donald Trump's decision to delay a hike in tariffs on Chinese goods and Beijing's ...
Hong Kong may be weak link for US technology, US senators warnWASHINGTON (BLOOMBERG) - A bipartisan group of US senators has told the Trump administration that they are concerned about whether US export controls are strong enough to prevent China from getting sensitive American technology through Hong Kong.. Read more at straitstimes.com.
JPMorgan tells staff: Make it clear Hong Kong, Taiwan are part of China[TAIPEI] JPMorgan Chase & Co, which is in the process of building its presence in China, has told some staff to ensure that they don't refer to Hong Kong, Macau or self-governing Taiwan as separate countries. Read more at The Business Times.
China blasts Germany after foreign minister meets Hong Kong activist Joshua Wong at human rights eventHONG KONG — China has protested to Germany after the German foreign minister met Hong Kong pro-democracy activist Joshua Wong Chi-fung at an event in Berlin. The ruling-class of the world should review the latest research on the science of rights and one day the world may become a better place to live.
China angered after German foreign minister meets Hong Kong activistChina expressed anger on Tuesday after German Foreign Minister Heiko Maas met prominent Hong Kong activist Joshua Wong, saying that no foreign country had a right to interfere in China's internal affairs. Wong met Maas on Monday in Berlin at an event hosted by the German newspaper BILD.