Treasury yields fall amid US-China trade talks

“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC’s “Squawk Box Europe” on Friday. “The problem is that you’re now getting to the more difficult part of the negotiation, which is things like the IP (intellectual property) problem.” One of President Donald Trump’s biggest contentions with Beijing is the claim that the country has stolen intellectual property and trade secrets from American companies.


“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC’s “Squawk Box Europe” on Friday. “The problem is that you’re now getting to the more difficult part of the negotiation, which is things like the IP (intellectual property) problem.” One of President Donald Trump’s biggest contentions with Beijing is the claim that the country has stolen intellectual property and trade secrets from American companies.
Treasury yields fall amid US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne, spriha srivastava
Keywords: news, cnbc, companies, fall, amid, treasury, james, talks, yields, risen, trade, property, uschina, difficult, fed, deal, intellectual, president, continue


Treasury yields fall amid US-China trade talks

Market players continue to monitor the latest round of negotiations between Washington and Beijing. Optimism has risen over the chances of both countries securing a deal to end their protracted trade war, but some experts say the most difficult part is yet to come as high level talks continue into Friday.

“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC’s “Squawk Box Europe” on Friday.

“The problem is that you’re now getting to the more difficult part of the negotiation, which is things like the IP (intellectual property) problem.”

One of President Donald Trump’s biggest contentions with Beijing is the claim that the country has stolen intellectual property and trade secrets from American companies. Both nations are a week away from an early March deadline to secure a trade deal, however speculation has risen there may be an extension to that target.

Elsewhere, a flurry of speeches from Fed policymakers are due throughout the day, with New York Fed President John Williams, San Francisco Fed President Mary Daly, Philadelphia Fed Chairman Patrick Harker and St. Louis Fed President James Bullard expected to speak on the U.S. economy and monetary policy at separate events.

There are no auctions scheduled for Friday.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne, spriha srivastava
Keywords: news, cnbc, companies, fall, amid, treasury, james, talks, yields, risen, trade, property, uschina, difficult, fed, deal, intellectual, president, continue


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Stocks set to open mixed amid weak data, US-China trade talks

U.S. stock futures are pointing to a flat open on the final trading day of the week as investors digest soft economic data and monitor developing trade talks with China. ET, Dow futures rose 7 points, indicating a flat open points. On Thursday, stocks fell as traders reacted to weak economic data, fueling fears of a potential slowdown in the world’s largest economy. The department also said core capital goods orders fell 0.7 percent while economists polled by Reuters expected a gain of 0.2 perce


U.S. stock futures are pointing to a flat open on the final trading day of the week as investors digest soft economic data and monitor developing trade talks with China. ET, Dow futures rose 7 points, indicating a flat open points. On Thursday, stocks fell as traders reacted to weak economic data, fueling fears of a potential slowdown in the world’s largest economy. The department also said core capital goods orders fell 0.7 percent while economists polled by Reuters expected a gain of 0.2 perce
Stocks set to open mixed amid weak data, US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne
Keywords: news, cnbc, companies, polled, mixed, level, open, data, orders, rose, talks, fell, stocks, trade, points, futures, uschina, weak, amid, set


Stocks set to open mixed amid weak data, US-China trade talks

U.S. stock futures are pointing to a flat open on the final trading day of the week as investors digest soft economic data and monitor developing trade talks with China.

As of 2:35 a.m. ET, Dow futures rose 7 points, indicating a flat open points. S&P 500 and Nasdaq futures traded barely above the flatline.

On Thursday, stocks fell as traders reacted to weak economic data, fueling fears of a potential slowdown in the world’s largest economy.

Durable goods orders for December rose 1.2 percent, the Commerce Department said. The department also said core capital goods orders fell 0.7 percent while economists polled by Reuters expected a gain of 0.2 percent.

The Philadelphia Federal Reserve business index fell to negative 4.1 in February — its lowest level since May 2016 — from 17 in January. Economists polled by Dow Jones expected a print of 14.

Meanwhile, market players also monitored the latest round of negotiations between Washington and Beijing. Optimism has risen over the chances of both countries securing a deal to end their protracted trade war, but some experts say the most difficult part is yet to come as high level talks continue into Friday.

“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC “Squawk Box Europe” on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne
Keywords: news, cnbc, companies, polled, mixed, level, open, data, orders, rose, talks, fell, stocks, trade, points, futures, uschina, weak, amid, set


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European markets mixed amid US-China trade talks; Elekta shares tumble 10%

Europe’s basic resources stocks — with their heavy exposure to China — were the top performers during morning trade, up more than 1.3 percent. It comes as market focus is largely attuned to global trade negotiations, with little more than a week left before a U.S-imposed deadline for an agreement with China expires. Chinese Vice Premier Liu He is scheduled to meet with President Donald Trump at the White House on Friday. Looking at individual stocks, France’s Sopra Steria Group surged to the top


Europe’s basic resources stocks — with their heavy exposure to China — were the top performers during morning trade, up more than 1.3 percent. It comes as market focus is largely attuned to global trade negotiations, with little more than a week left before a U.S-imposed deadline for an agreement with China expires. Chinese Vice Premier Liu He is scheduled to meet with President Donald Trump at the White House on Friday. Looking at individual stocks, France’s Sopra Steria Group surged to the top
European markets mixed amid US-China trade talks; Elekta shares tumble 10% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sam meredith
Keywords: news, cnbc, companies, european, china, vice, shares, mixed, markets, weakerthanexpected, group, talks, tumble, trade, stocks, uschina, elekta, white, week, amid, usimposed


European markets mixed amid US-China trade talks; Elekta shares tumble 10%

Europe’s basic resources stocks — with their heavy exposure to China — were the top performers during morning trade, up more than 1.3 percent. It comes as market focus is largely attuned to global trade negotiations, with little more than a week left before a U.S-imposed deadline for an agreement with China expires.

Chinese Vice Premier Liu He is scheduled to meet with President Donald Trump at the White House on Friday. The meeting follows reports that both sides have started to outline commitments in principle on the stickiest issues in their protracted dispute.

Looking at individual stocks, France’s Sopra Steria Group surged to the top of the European benchmark. The consultancy group reported full-year revenue jumped almost 7 percent in 2018 and forecast a slight improvement in operating margin on business activity. Shares of the Paris-listed stock rose nearly 16 percent on the news.

Meanwhile, Swedish radiation therapy equipment maker Elekta tumbled to the bottom of the index. The company posted weaker-than-expected third-quarter core profit on Friday, prompting shares to tank more than 11 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sam meredith
Keywords: news, cnbc, companies, european, china, vice, shares, mixed, markets, weakerthanexpected, group, talks, tumble, trade, stocks, uschina, elekta, white, week, amid, usimposed


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Stocks set to open slightly higher amid reports of US-China trade breakthrough

U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war. ET, Dow futures rose 63 points, indicating a higher open of 78 points. Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade. Officials from both countries met for talks this week and higher-level discussions are set to be held on Thursday and Friday. Jobless claims, the Philadelphia Fed


U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war. ET, Dow futures rose 63 points, indicating a higher open of 78 points. Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade. Officials from both countries met for talks this week and higher-level discussions are set to be held on Thursday and Friday. Jobless claims, the Philadelphia Fed
Stocks set to open slightly higher amid reports of US-China trade breakthrough Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: ryan browne
Keywords: news, cnbc, companies, set, risks, uschina, breakthrough, stocks, futures, index, slightly, reports, amid, points, pmi, policy, manufacturing, higher, open, trade


Stocks set to open slightly higher amid reports of US-China trade breakthrough

U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war.

As of 1:45 a.m. ET, Dow futures rose 63 points, indicating a higher open of 78 points. S&P 500 and Nasdaq futures also climbed.

Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade. Officials from both countries met for talks this week and higher-level discussions are set to be held on Thursday and Friday.

The U.S. and China are trying to resolve their differences over trade ahead of a March 1 deadline. However, speculation has risen that there may be an extension to that target, after President Donald Trump said it was not a “magical date.”

Investors also digested the minutes from the Federal Reserve’s latest monetary policy meeting. The central bank highlighted downside risks to the economy from its January meeting.

Those risks included “the possibilities of a sharper-than-expected slowdown in global economic growth,” a “rapid waning of fiscal policy stimulus” and “further tightening of financial market conditions.”

On the data front, a flurry of economic reports are expected throughout the day. Jobless claims, the Philadelphia Fed manufacturing index, durable goods orders, manufacturing PMI (purchasing managers index) and services PMI are due later this morning.

In terms of earnings, Chinese tech giant Baidu and American food firm Kraft Heinz are set to report results after the bell Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: ryan browne
Keywords: news, cnbc, companies, set, risks, uschina, breakthrough, stocks, futures, index, slightly, reports, amid, points, pmi, policy, manufacturing, higher, open, trade


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European markets open slightly higher amid US-China trade talks

Market focus is largely attuned to global trade developments, after officials from the U.S. and China launched a new round of negotiations on Tuesday. A follow-up session of higher-level talks is expected later in the week, as both sides look to resolve the long-running trade war before a March 1 deadline. MSCI’s broadest index of Asia-Pacific shares, excluding Japan, advanced almost 1 percent — hitting its highest level since early October. Glencore, Lloyds Banking Group and Fresenius are all e


Market focus is largely attuned to global trade developments, after officials from the U.S. and China launched a new round of negotiations on Tuesday. A follow-up session of higher-level talks is expected later in the week, as both sides look to resolve the long-running trade war before a March 1 deadline. MSCI’s broadest index of Asia-Pacific shares, excluding Japan, advanced almost 1 percent — hitting its highest level since early October. Glencore, Lloyds Banking Group and Fresenius are all e
European markets open slightly higher amid US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: sam meredith
Keywords: news, cnbc, companies, uschina, slightly, war, european, week, higher, publish, expected, worth, trade, deal, wednesdayon, president, markets, amid, open, talks


European markets open slightly higher amid US-China trade talks

Market focus is largely attuned to global trade developments, after officials from the U.S. and China launched a new round of negotiations on Tuesday.

A follow-up session of higher-level talks is expected later in the week, as both sides look to resolve the long-running trade war before a March 1 deadline.

Last week, President Donald Trump suggested he might extend the deadline for a deal, which would stop an immediate increase in tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent.

MSCI’s broadest index of Asia-Pacific shares, excluding Japan, advanced almost 1 percent — hitting its highest level since early October.

Back in Europe, investors are likely to monitor another batch of earnings reports. Glencore, Lloyds Banking Group and Fresenius are all expected to publish their latest quarterly results on Wednesday.

On the data front, the euro area is scheduled to publish a flash reading of consumer confidence for February at around 3:00 p.m. London time.

Meanwhile, U.K. Prime Minister Theresa May visits Brussels, Belgium to meet European Commission President Jean-Claude Juncker. The meeting comes as May continues with her bid to renegotiate her Brexit deal with the bloc, with less than 38 days to go before the country leaves the European Union.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: sam meredith
Keywords: news, cnbc, companies, uschina, slightly, war, european, week, higher, publish, expected, worth, trade, deal, wednesdayon, president, markets, amid, open, talks


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Treasury yields fall amid US-China trade talks; Fed minutes in focus

U.S. government debt prices were higher on Wednesday as investors watched out for developments in the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note sank to around 2.634 percent, while the yield on the 30-year Treasury bond slipped to 2.978 percent. Higher level talks are expected to arrive later in the week, the White House said Monday. Meanwhile, market players will keep an eye out for Federal Reserve minutes from the central bank’s January meeting, wh


U.S. government debt prices were higher on Wednesday as investors watched out for developments in the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note sank to around 2.634 percent, while the yield on the 30-year Treasury bond slipped to 2.978 percent. Higher level talks are expected to arrive later in the week, the White House said Monday. Meanwhile, market players will keep an eye out for Federal Reserve minutes from the central bank’s January meeting, wh
Treasury yields fall amid US-China trade talks; Fed minutes in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne
Keywords: news, cnbc, companies, rates, amid, fall, yield, reserve, fed, level, focus, higher, uschina, treasury, talks, players, latest, yields, market, minutes, trade


Treasury yields fall amid US-China trade talks; Fed minutes in focus

U.S. government debt prices were higher on Wednesday as investors watched out for developments in the latest round of U.S.-China trade talks.

The yield on the benchmark 10-year Treasury note sank to around 2.634 percent, while the yield on the 30-year Treasury bond slipped to 2.978 percent. Bond yields move inversely to prices.

Fixed income traders are keeping an eye on the latest global trade developments, after U.S. and Chinese officials met for a fresh set of discussions on Tuesday. Higher level talks are expected to arrive later in the week, the White House said Monday.

President Donald Trump said on Tuesday that the March 1 deadline for the two nations to reach a deal was not a “magical date,” hinting at an extension to the target date.

Meanwhile, market players will keep an eye out for Federal Reserve minutes from the central bank’s January meeting, which are due to be published Wednesday at 2 p.m. ET.

In other Fed news, New York Federal Reserve President John Williams said Tuesday that he was content with the current level of U.S. interest rates. The policymaker said he didn’t see any reason to hike rates again except in the event of surprising growth or inflation data.

The Fed’s raising of rates four times last year was a big point of anxiety for the markets, with market players nervous about the pace of the central bank’s stimulus tightening. The institution paused its once quarterly rate hikes last month, amid concerns of a potential slowdown in economic growth.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne
Keywords: news, cnbc, companies, rates, amid, fall, yield, reserve, fed, level, focus, higher, uschina, treasury, talks, players, latest, yields, market, minutes, trade


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European markets open slightly lower amid US-China trade talks

Market focus is largely attuned to trade developments between the world’s two largest economies, with a new round of negotiations expected in Washington on Tuesday. A follow-up session of higher-level talks is expected later in the week, as both sides look to resolve their protracted dispute before a March 1 deadline. Danone, HSBC and BHP Billiton are all expected to publish quarterly results Tuesday morning. In the U.K., Japanese carmaker Honda is reportedly set to announce the closure of its S


Market focus is largely attuned to trade developments between the world’s two largest economies, with a new round of negotiations expected in Washington on Tuesday. A follow-up session of higher-level talks is expected later in the week, as both sides look to resolve their protracted dispute before a March 1 deadline. Danone, HSBC and BHP Billiton are all expected to publish quarterly results Tuesday morning. In the U.K., Japanese carmaker Honda is reportedly set to announce the closure of its S
European markets open slightly lower amid US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: sam meredith
Keywords: news, cnbc, companies, trade, week, open, worlds, worth, tuesdaya, european, expected, amid, trump, uschina, set, announce, lower, washington, slightly, uk, talks, markets


European markets open slightly lower amid US-China trade talks

Market focus is largely attuned to trade developments between the world’s two largest economies, with a new round of negotiations expected in Washington on Tuesday.

A follow-up session of higher-level talks is expected later in the week, as both sides look to resolve their protracted dispute before a March 1 deadline.

Last week, President Donald Trump suggested he might extend the deadline for a deal, which would stop an immediate increase in tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent.

MSCI’s broadest index of Asia-Pacific shares, excluding Japan, edged down 0.1 percent.

Back in Europe, investors are likely to monitor a flurry of corporate earnings. Danone, HSBC and BHP Billiton are all expected to publish quarterly results Tuesday morning.

In the U.K., Japanese carmaker Honda is reportedly set to announce the closure of its Swindon car plant on Tuesday, risking the loss of 3,500 jobs.

The company is set to hold a news conference at 0800 GMT to announce further details.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: sam meredith
Keywords: news, cnbc, companies, trade, week, open, worlds, worth, tuesdaya, european, expected, amid, trump, uschina, set, announce, lower, washington, slightly, uk, talks, markets


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US Treasury yields lower amid US-China trade talks

U.S. government debt prices rose on Tuesday as investors awaited details from the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note slipped to 3.661 percent, while the yield on the 30-year Treasury bond fell to 3.993 percent. Fixed income traders turned their attention to the latest session of trade negotiations between Washington and Beijing. The White House said Monday that a new session of trade discussions would take place Tuesday, with higher level tal


U.S. government debt prices rose on Tuesday as investors awaited details from the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note slipped to 3.661 percent, while the yield on the 30-year Treasury bond fell to 3.993 percent. Fixed income traders turned their attention to the latest session of trade negotiations between Washington and Beijing. The White House said Monday that a new session of trade discussions would take place Tuesday, with higher level tal
US Treasury yields lower amid US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: ryan browne
Keywords: news, cnbc, companies, yield, talks, yields, later, policy, session, traders, trade, latest, countries, uschina, treasury, chinese, lower, amid


US Treasury yields lower amid US-China trade talks

U.S. government debt prices rose on Tuesday as investors awaited details from the latest round of U.S.-China trade talks.

The yield on the benchmark 10-year Treasury note slipped to 3.661 percent, while the yield on the 30-year Treasury bond fell to 3.993 percent. Bond yields move inversely to prices.

Fixed income traders turned their attention to the latest session of trade negotiations between Washington and Beijing. The White House said Monday that a new session of trade discussions would take place Tuesday, with higher level talks due later this week.

Tensions between the two countries have heightened as they attempt to strike a deal to prevent any further escalation in tariffs. China on Monday accused the U.S. of blocking its industrial development by claiming Chinese mobile gear could pose a cybersecurity threat to countries rolling out next-generation 5G networks.

Washington has been putting particular pressure on Huawei, the Chinese telecommunications giant, and is attempting to extradite Chief Financial Officer Meng Wanzhou over charges of bank and wire fraud to violate Iran sanctions. The company’s founder Ren Zhengfei — who is also Meng’s father — labelled the move “politically motivated” in an interview with the BBC Monday.

Elsewhere, traders will be on the lookout for the NAHB housing market index on Tuesday, and are anticipating minutes from the Federal Reserve’s latest policy meeting and other economic data later in the week.

Meanwhile Cleveland Fed President Loretta Mester is due to give a speech about the economy and monetary policy at Newark, Delaware, on Tuesday.

In auctions news, $45 billion in 13-week Treasury bills and $39 billion in 26-week Treasury bills will be auctioned on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: ryan browne
Keywords: news, cnbc, companies, yield, talks, yields, later, policy, session, traders, trade, latest, countries, uschina, treasury, chinese, lower, amid


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Asia stocks decline amid fears of slowing US economy

Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments. Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to e


Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments. Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to e
Asia stocks decline amid fears of slowing US economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: eustance huang
Keywords: news, cnbc, companies, slipped, shed, shares, investors, slowing, shenzhen, asia, close, rose, negotiations, trade, fears, economy, markets, stocks, amid, decline


Asia stocks decline amid fears of slowing US economy

Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing.

Mainland Chinese markets saw losses on the day. The Shanghai composite slipped 1.37 percent to close at 2,682.38 while the Shenzhen component declined 1.148 percent to finish its trading day at 8,125.63. The Shenzhen composite also declined 0.67 percent to close at 1,389.47..

Hong Kong’s Hang Seng index slipped 1.91 percent in its final hour of trading.

The moves came after Chinese inflation data for January missed expectations, coming in at 1.7 percent higher as compared to a year ago, the National Bureau of Statistics said on Friday. Economists polled by Reuters were expecting China’s Consumer Price Index to come in at 1.9 percent higher on year. December CPI — a gauge of prices for goods and services — rose 1.9 percent over the same period.

Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments.

Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to end at 1,577.29. Shares of Japanese conglomerate Softbank Group fell 4.4 percent.

South Korea’s Kospi shed 1.34 percent to close at 2,196.09 as shares of industry heavyweight Samsung Electronics and chipmaker SK Hynix fell 3.05 percent and 4.65 percent, respectively.

Australia’s ASX 200 bucked the overall trend in the region as it rose 0.11 percent to close at 6,066.10. The energy subindex rose 0.76 percent as oil stocks mostly gained. Santos advanced 0.75 percent, Woodside Petroleum gained 1.49 percent and Beach Energy added 2.17 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: eustance huang
Keywords: news, cnbc, companies, slipped, shed, shares, investors, slowing, shenzhen, asia, close, rose, negotiations, trade, fears, economy, markets, stocks, amid, decline


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Asia markets decline amid fresh concerns over US-China trade

Stocks in Asia slipped on Friday amid growing concerns over the trade fight between the U.S. and China. Hong Kong’s Hang Seng index, which returned to trade after being offline for most of the week due to the Lunar New Year holidays, slipped 0.18 percent in afternoon trade. The energy subindex fell 2.63 percent as oil stocks declined on the back of Thursday’s drop in crude prices. Santos shares fell 4.37 percent, Woodside Petroleum slipped 1.67 percent and Beach Energy dropped 9.67 percent. The


Stocks in Asia slipped on Friday amid growing concerns over the trade fight between the U.S. and China. Hong Kong’s Hang Seng index, which returned to trade after being offline for most of the week due to the Lunar New Year holidays, slipped 0.18 percent in afternoon trade. The energy subindex fell 2.63 percent as oil stocks declined on the back of Thursday’s drop in crude prices. Santos shares fell 4.37 percent, Woodside Petroleum slipped 1.67 percent and Beach Energy dropped 9.67 percent. The
Asia markets decline amid fresh concerns over US-China trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: eustance huang
Keywords: news, cnbc, companies, amid, markets, fresh, slipped, stocks, fell, shares, week, close, trade, uschina, asia, crude, shed, declined, concerns, decline


Asia markets decline amid fresh concerns over US-China trade

Stocks in Asia slipped on Friday amid growing concerns over the trade fight between the U.S. and China.

Hong Kong’s Hang Seng index, which returned to trade after being offline for most of the week due to the Lunar New Year holidays, slipped 0.18 percent in afternoon trade. Shares of Chinese tech heavyweight Tencent declined 0.52 percent.

Japan’s Nikkei 225 declined 2.01 percent to close at 20,333.17 as index heavyweight Fast Retailing fell 0.5 percent. The Topix shed 1.89 percent to close at 1,539.40. Shares of Sony, however, bucked the overall downward trend and jumped 4.1 percent after the company announced its first-ever share buyback of $910 million.

South Korea’s Kospi also slipped 1.2 percent to finish its trading week at 2,177.05.

The ASX 200 in Australia shed 0.34 percent to close at 6,071.5. The energy subindex fell 2.63 percent as oil stocks declined on the back of Thursday’s drop in crude prices.

Santos shares fell 4.37 percent, Woodside Petroleum slipped 1.67 percent and Beach Energy dropped 9.67 percent.

Oil prices declined in afternoon trade on Friday during Asian hours. The international Brent crude futures contract slipped 0.8 percent to $61.14 per barrel while U.S. crude futures fell 0.85 percent to $52.19 per barrel.

In India, Tata Motors shares plummeted more than 18 percent after the company announced its largest quarterly loss on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: eustance huang
Keywords: news, cnbc, companies, amid, markets, fresh, slipped, stocks, fell, shares, week, close, trade, uschina, asia, crude, shed, declined, concerns, decline


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