London — Stocks markets gained on Tuesday, with chip makers and stocks exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed on China’s Huawei last week.
“The Huawei extension is in some sense providing a relief rally as it eases the worst fears of market participants that we are drifting towards a fully-fledged trade war,” said Aberdeen Standard’s head of global strategy, Andrew Milligan. In Asia, gains in heavyweight Samsung Electronics helped South Korea’s Kospi stock index close up 0.3%.“Equity markets remain hostage to developments in the ongoing US-China trade battle,” said Rupert Thompson, head of research at Kingswood. “We still believe some kind of deal will eventually be reached — most likely at a Xi/Trump meeting at the G20 Summit in late June.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei sanctions send world stocks into tailspinThe latest US sanctions on Huawei undermine market sentiment but China stocks gain on hopes of government support
Source: BDliveSA - 🏆 12. / 63 Read more »
Gold eases on technical sellingUS sanctions on Huawei dent risk appetite and soften losses
Source: BDliveSA - 🏆 12. / 63 Read more »
US eases trade restrictions on Huawei | IOL NewsThe US government has temporarily eased trade restrictions imposed last week on China's Huawei, a move aimed at minimising disruption for customers.
Source: IOL - 🏆 46. / 51 Read more »
Huawei will not bow to US pressure: founderPresident Donald Trump effectively barred Huawei from the US market on Wednesday.
Source: eNCA - 🏆 49. / 51 Read more »
Huawei ban clouds US-China trade talks, tech sectorThe US crackdown, announced on Wednesday, was the latest shot fired in a US-China trade war that is rattling financial markets and threatening to derail a slowing global economy.
Source: ewnupdates - 🏆 30. / 53 Read more »
Gold steady as trade worries resurfaceUS sanctions on China’s Huawei sour hopes for a lull in spat
Source: BDliveSA - 🏆 12. / 63 Read more »
Newsdeck: U.S. blacklists China’s Huawei as trade dispute clouds global outlookWASHINGTON, May 15 (Reuters) - The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks.
Source: dailymaverick - 🏆 3. / 84 Read more »
China slams US over Huawei blacklisting as Macron warns of ‘tech war’China opposes U.S. move to blacklist telecom giant Huawei
Source: BDliveSA - 🏆 12. / 63 Read more »
Asian shares slip after US blacklists HuaweiMarkets fall after steadying earlier on news that Washington may delay auto tariffs on Europe and Japan
Source: BDliveSA - 🏆 12. / 63 Read more »
WATCH: Motorsport world reacts to three-time F1 world champion Niki Lauda's deathHaving cheated death during his career, three-times F1 champion Niki Lauda's has died at the age of 70.
Source: News24 - 🏆 4. / 80 Read more »
Exasperated Europeans face surprise Pompeo visit on IranThe top US diplomat parachutes in as 28 European Union foreign ministers gathered to discuss Iran
Source: BDliveSA - 🏆 12. / 63 Read more »