The Dow Jones Industrial Average rose 80.51 points, or 0.28 per cent, at the open to 29,312.70.
[NEW YORK] Nasdaq hit an all-time high at the open on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy.The S&P 500 opened higher by 10.10 points, or 0.30 per cent, at 3,380.39. The Nasdaq Composite gained 50.07 points, or 0.51 per cent, to 9,782.81 at the opening bell.
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China to grant tariff exemptions on additional US goodsBEIJING (REUTERS) - China said on Tuesday (Feb 18) it would accept applications for new tariff exemptions for 696 products imported from the United States including key agricultural and energy products such as pork, beef, soybeans, liquefied natural gas and crude oil.. Read more at straitstimes.com.
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Decrying 'propaganda,' US tightens rules on China state mediaThe United States on Tuesday tightened rules on Chinese state media organizations as it classified them as foreign missions, decrying what US officials described as Beijing's growing 'propaganda.' In a step likely to anger Beijing, the State Department told five outlets including the Xinhua
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US considering new wave of China tech restrictionsWASHINGTON (BLOOMBERG) - The Trump administration is considering new restrictions on exports of cutting-edge technology to China in a push aimed at limiting Chinese progress in developing its own passenger jets and clamping down further on tech giant Huawei's access to vital semiconductors, according to four people familiar with the discussions.. Read more at straitstimes.com.
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HSBC 2019 pre-tax profits drop by a third to US$13.3bHSBC 2019 pre-tax profits drop by a third to US$13.3b
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Asia stocks, US futures drop after Apple warningSYDNEY (BLOOMBERG) - US futures and stocks in Asia fell on Tuesday (Feb 18) after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.. Read more at straitstimes.com.
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US mulls cutting China's Huawei off from global chip suppliers, with TSMC in crosshairsWASHINGTON (REUTERS) - The Trump administration is considering changing US regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan's TSMC, the world's largest contract chipmaker, two sources familiar with the matter said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »