Asia markets fall amid tariffs fears while Chinese trade data surprises

Asia stocks declined Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations, which sent stateside shares tumbling overnight. Mainland Chinese shares were lower on the day, with the Shanghai composite down 1.12% to about 2,893.76. Chinese trade data for April showed both exports and trade surplus missed expectations while imports surprisingly rose. Customs data showed trade surplus was $13.84 billion, far lower than the $35 billion analysts had expected. Elsewhe


Asia stocks declined Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations, which sent stateside shares tumbling overnight. Mainland Chinese shares were lower on the day, with the Shanghai composite down 1.12% to about 2,893.76. Chinese trade data for April showed both exports and trade surplus missed expectations while imports surprisingly rose. Customs data showed trade surplus was $13.84 billion, far lower than the $35 billion analysts had expected. Elsewhe
Asia markets fall amid tariffs fears while Chinese trade data surprises Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: eustance huang
Keywords: news, cnbc, companies, trade, tariffs, fall, declined, lower, fell, asia, amid, surprises, markets, index, fears, chinese, shenzhen, shares, data, surplus, showed


Asia markets fall amid tariffs fears while Chinese trade data surprises

Asia stocks declined Wednesday as investors digested ongoing developments in the U.S.-China trade negotiations, which sent stateside shares tumbling overnight.

Mainland Chinese shares were lower on the day, with the Shanghai composite down 1.12% to about 2,893.76. The Shenzhen component slid 0.96% to 9,002.53 while the Shenzhen composite declined 0.649% to approximately 1,530.31.

Chinese trade data for April showed both exports and trade surplus missed expectations while imports surprisingly rose. Customs data showed trade surplus was $13.84 billion, far lower than the $35 billion analysts had expected.

April exports fell 2.7 percent from a year ago. They were expected to have risen 2.3 percent from a year earlier, according to economists Reuters polled.

The Hang Seng index in Hong Kong declined around 1.2%, as of its final hour of trading.

Elsewhere in Asia, Japan’s Nikkei 225 dropped 1.46% to close at 21,602.59, with shares of index heavyweight Fanuc declining 2.24%. The Topix index also fell 1.72% to 1,572.33.

In South Korea, the Kospi finished its trading day lower by 0.41% at 2,168.01, with Samsung Electronics shares declining 1.34%.

Australia’s ASX 200 also shed 0.42% to close at 6,269.10, as most sectors slipped. Shares of TPG Telecom plunged 13.53% after the company’s merger with Vodafone was blocked by the Australian Competition and Consumer Commission.

“”From an asset allocation perspective … we think that we are quite defensive right now, waiting for this volatility to pass,” Thomas Poullaouec, head of Asia Pacific multi-asset solutions at T. Rowe Price, told CNBC’s “Street Signs” on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: eustance huang
Keywords: news, cnbc, companies, trade, tariffs, fall, declined, lower, fell, asia, amid, surprises, markets, index, fears, chinese, shenzhen, shares, data, surplus, showed


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Asia Pacific stocks mixed amid renewed US-China trade uncertainty

Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday. The Chinese markets, which plunged more than 5% on Monday, attempted to stage a recovery during Tuesday’s session. The Shanghai composite rose 0.69% to close at about 2,926.39 and the Shenzhen component added 1.63% to finish its trading day at 9,089.46. The Topix index also declined 1.12% to finish its trading day at 1,599.84. Over in South Kor


Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday. The Chinese markets, which plunged more than 5% on Monday, attempted to stage a recovery during Tuesday’s session. The Shanghai composite rose 0.69% to close at about 2,926.39 and the Shenzhen component added 1.63% to finish its trading day at 9,089.46. The Topix index also declined 1.12% to finish its trading day at 1,599.84. Over in South Kor
Asia Pacific stocks mixed amid renewed US-China trade uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: eustance huang
Keywords: news, cnbc, companies, trade, treves, pacific, uncertainty, asia, trading, close, mixed, day, amid, index, whats, markets, rose, stocks, uschina, shenzhen, shares, renewed


Asia Pacific stocks mixed amid renewed US-China trade uncertainty

Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday.

The Chinese markets, which plunged more than 5% on Monday, attempted to stage a recovery during Tuesday’s session. The Shanghai composite rose 0.69% to close at about 2,926.39 and the Shenzhen component added 1.63% to finish its trading day at 9,089.46. The Shenzhen composite advanced 1.617% to close at approximately 1,540.31.

Meanwhile, Hong Kong’s Hang Seng index also added more than 0.3%, as of its final hour of trading, as shares of life insurer AIA gained beyond 1.5%.

The Nikkei 225 in Japan, which returned to the first day of trade following an extended holiday period, slipped 1.51% to close at 21,923.72 as shares of index heavyweight Fanuc dropped more than 3%. The Topix index also declined 1.12% to finish its trading day at 1,599.84.

Over in South Korea, the Kospi fell 0.88% to close at 2,176.99 as shares of Hyundai Motor dropped more than 1%.

Australia’s ASX 200, on the other hand, rose 0.19% to close at 6,295.70.

“I think what’s quite surprising here is just that people are surprised by what’s happened over the last few days,” Alexander Treves, managing director and investment specialist of emerging markets and Asia Pacific equities at J.P. Morgan Asset Management, told CNBC’s “Squawk Box” on Tuesday.

“Given the various people involved, surely an element of disruption was always going to be likely along the way through this process,” Treves said. “Our best guess at the moment is that this is a negotiating ploy.”


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: eustance huang
Keywords: news, cnbc, companies, trade, treves, pacific, uncertainty, asia, trading, close, mixed, day, amid, index, whats, markets, rose, stocks, uschina, shenzhen, shares, renewed


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Stocks in Asia advance; BOJ chief flags concerns over trade protectionism

Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook. The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading. Over in South Kore


Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook. The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading. Over in South Kore
Stocks in Asia advance; BOJ chief flags concerns over trade protectionism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: eustance huang
Keywords: news, cnbc, companies, chief, concerns, flags, stocks, protectionism, shares, respectively, kumho, softbank, sectors, index, trade, jumped, rose, boj, advance, shenzhen, asia


Stocks in Asia advance; BOJ chief flags concerns over trade protectionism

Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook.

The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. The Topix index, however, slipped fractionally to end its trading day at 1,626.46.

Shares of Japanese telcos Softbank Corp and NTT Docomo jumped 3.05 percent and 3.56 percent, respectively, after the latter announced price cuts that were smaller than expected.

Shares in mainland China jumped on the day, with the Shanghai composite gaining 2.39 percent to about 3,253.60 and the Shenzhen component adding about 2.33 percent to around 10,287.64. The Shenzhen composite also advanced 2.095 percent to approximately 1,760.02.

Resilience in the property market would provide some cushion for China’s economy as sectors such as manufacturing and retail are hit by trade war tensions and weak consumer confidence, Reuters reported.

Average new home prices in China rose faster in March as compared to February, according to Reuters’ calculation of data released by the National Bureau of Statistics on Tuesday.

In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading.

Over in South Korea, the Kospi closed 0.26 percent higher at 2,248.63, as shares of Asiana Airlines surged 16.07 percent.

The top shareholder of Asiana Airlines, Kumho Industrial, said on Monday it would sell its entire stake in the debt-ridden carrier to keep it afloat, Reuters reported. That followed weeks of financial uncertainty after the carrier failed to win auditors’ sign-off on its 2018 financial statements, which triggered warnings of credit ratings downgrades, according to the Reuters report. For its part, Kumho Industrial saw its stock jump 6.62 percent.

In Australia, the ASX 200 gained 0.42 percent to close at 6,277.40, as most sectors advanced.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: eustance huang
Keywords: news, cnbc, companies, chief, concerns, flags, stocks, protectionism, shares, respectively, kumho, softbank, sectors, index, trade, jumped, rose, boj, advance, shenzhen, asia


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Asia stocks mixed as investors digest better-than-expected US jobs data

Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing. The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN. Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jum


Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing. The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN. Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jum
Asia stocks mixed as investors digest better-than-expected US jobs data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eustance huang, saheli roy choudhury
Keywords: news, cnbc, companies, digest, investors, air, index, cho, stocks, asia, higher, mixed, betterthanexpected, korean, chairman, lines, shenzhen, jobs, data, hanjin, japan


Asia stocks mixed as investors digest better-than-expected US jobs data

Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing.

The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN.

Mainland Chinese stocks were mostly lower on the day, with the Shanghai composite declining slightly to 3,244.81 and the Shenzhen composite falling 0.551% to 1,770.20. The Shenzhen component, on the other hand, was 0.11% higher at 10,351.86.

Meanwhile, Hong Kong’s Hang Seng index gained 0.32% in its final hour of trading.

In Japan, the Nikkei 225 slipped 0.21% to close at 21,761.65 as index heavyweight Fanuc declined 0.74%. The Topix also shed 0.35% to finish at 1,620.14.

Over in South Korea, the Kospi closed fractionally higher at 2,210.60.

Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. The carrier has been hit in recent years by a series of scandals involving its founding family members, culminating in the indictment of Cho last year on charges of embezzlement and breach of trust. Cho had denied the charges against him.

Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jumped 1.88% and 15.12%, respectively. Hanjin KAL, the holding company for the Hanjin Group conglomerate where Cho was chairman, saw gains of 20.63%.

Australia’s ASX 200 advanced 0.65% to close at 6,221.40 as almost all sectors gained.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eustance huang, saheli roy choudhury
Keywords: news, cnbc, companies, digest, investors, air, index, cho, stocks, asia, higher, mixed, betterthanexpected, korean, chairman, lines, shenzhen, jobs, data, hanjin, japan


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Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.


Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.
Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March.

By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67.

Meanwhile, the CSI 300, which tracks the largest stocks listed on the mainland, advanced 2.62 percent to 3,973.93.

Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 50.8 for March. Analysts had expected it to come in at 49.9 for a second month, according to a Reuters poll of economists. A reading below 50 signals contraction, while a reading above that level indicates expansion.

That came on the back of Sunday’s release of the official PMI in China, which rose to 50.5 in March from February’s three-year low of 49.2. It marked the first expansion in four months, according to data released by China’s National Bureau of Statistics.

“Our view is the impact of policy easing is gradually kicking in, pushing up sequential growth indicators such as PMI first,” economists from Bank of America-Merrill Lynch said in a note.

In particular, they said, the “larger-than-expected tax/fee cuts and improving financial conditions” likely provided a boost to business sentiment in the country’s manufacturing space. Furthermore, demand for industrial restocking could also have risen as commodity and raw material prices experienced a rebound.

“I think this is indeed a good number,” Tan Min Lan, head of the Asia Pacific chief investment office at UBS Wealth Management, told CNBC’s “Street Signs” on Monday.

“It is a critical number because (I) recall that a couple of weeks back one of the key concern(s) of the market is that when factories shut during the Chinese New Year period, they may not (reopen) if orders do not materialize,” she said.

“I think this set of data, it’s critical, it’s important because it suggests that production did not fall over the cliff and that the fears over industrial deflation and the fears over an unemployment surge may have been overplayed,” Tan added.

The manufacturing numbers come amid ongoing tariff talks between the U.S. and China aimed at resolving their trade differences. High-level trade negotiations between the two economic powerhouses are set to resume in Washington this week following last week’s talks in Beijing.

— Reuters and CNBC’s Huileng Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


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Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys


Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys
Stocks in Asia jump following better-than-expected Chinese economic data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March.

Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. The Shenzhen composite jumped 3.571 percent to 1,755.67.

Over in Hong Kong, the Hang Seng index was up 1.66 percent in its final hour of trading.

Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analysts.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.94 percent, as of 3:18 p.m. HK/SIN

The Nikkei 225 in Japan jumped 1.43 percent to close at 21,509.03 as shares of index heavyweights Fast Retailing, Softbank Group and Fanuc all advanced. The Topix index also gained 1.52 percent to finish at 1,615.81.

Apple supplier Japan Display saw its stock surge 10.14 percent after the embattled company said it aimed to reach a financing agreement this week that would lead to a 60 to 80 billion yen (approx. $540 to $720 million) stock and bond issuance. Previous reports in January had suggested that Japan Display — suffering the impact of disappointing sales for Apple’s iPhone XR — was in advanced talks with an investor group from Taiwan and China to bail out the company.

The closely watched “tankan” survey by the Bank of Japan, released on Monday, had shown worsening business confidence among the country’s big manufacturers in the first quarter.

“The large manufacturing weakness is probably worrying for (the Bank of Japan) … in the sense that the economy isn’t picking up as quickly as perhaps as had been anticipated but the bigger issue … is not the economy,” Mitul Kotecha, senior emerging markets strategist at TD Securities, told CNBC’s “Squawk Box” on Monday.

Instead, Kotecha said inflation continues to be a bugbear for the Japanese central bank, where its target rate of 2 percent remains ever elusive.

Over in South Korea, the Kospi added 1.29 percent to finish at 2,168.28 as chipmaker SK Hynix saw its stock jump 3.23 percent.

Meanwhile, Australia’s ASX 200 rose 0.59 percent to close at 6,217.00, with most sectors seeing gains.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


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Stocks in Japan rebound following earlier tumble amid global growth worries

Stocks in Japan bounced back partially on Tuesday after the previous day’s heavy losses as concerns over the global economy weighed on investor sentiment. Following its Monday tumble, the Nikkei 225 rose 2.15 percent to close at 21,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.70 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher at 522.41 as of 3:17 p.m. HK/SIN. In Hong Kong, the Hang Seng index slipped 0.19 percent in its fina


Stocks in Japan bounced back partially on Tuesday after the previous day’s heavy losses as concerns over the global economy weighed on investor sentiment. Following its Monday tumble, the Nikkei 225 rose 2.15 percent to close at 21,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.70 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher at 522.41 as of 3:17 p.m. HK/SIN. In Hong Kong, the Hang Seng index slipped 0.19 percent in its fina
Stocks in Japan rebound following earlier tumble amid global growth worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: eustance huang
Keywords: news, cnbc, companies, trading, tumble, worries, shares, stock, rebound, lows, index, day, slipped, following, earlier, amid, rose, lynas, stocks, global, japan, shenzhen, growth


Stocks in Japan rebound following earlier tumble amid global growth worries

Stocks in Japan bounced back partially on Tuesday after the previous day’s heavy losses as concerns over the global economy weighed on investor sentiment.

Following its Monday tumble, the Nikkei 225 rose 2.15 percent to close at 21,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.70 percent. The Topix index also added 2.57 percent to end its trading day at 1,617.94..

Nintendo saw its stock surge 4.76 percent on the day following a Monday report by the Wall Street Journal that it is set to launch new models of its Switch video game console later this year.

MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher at 522.41 as of 3:17 p.m. HK/SIN.

Mainland Chinese shares closed lower, with the Shanghai composite slipping 1.51 percent to 2,997.10 and the Shenzhen component declining 1.94 percent to 9,513.00. The Shenzhen composite declined 2.176 percent to 1,639.94.

In Hong Kong, the Hang Seng index slipped 0.19 percent in its final hour of trading.

Over in South Korea, the Kospi closed 0.18 percent higher at 2,148.80. Shares of Samsung Electronics slipped 0.55 percent after the company issued a warning on its first-quarter earnings.

Meanwhile, shares in Australia rose as the ASX 200 rose fractionally to close at 6,130.60.

Stocks of Australian conglomerate Wesfarmers dropped 3.51 percent after the company announced a bid for embattled rare earths miner Lynas, whose own stock was earlier placed on a trading halt. For its part, Lynas shares skyrocketed 35.05 percent on the day following its return to trade.

The developments came as Lynas’ shares have dragged along near 18-month lows as it faces hurdles over environmental license in Malaysia where its chemicals plant is located, according to Reuters.

“Share markets are due a correction or pullback after rallying strongly since their December lows and worries about inverted yields curves and the growth outlook could provide the trigger,” Shane Oliver, head of investment strategy and chief economist at AMP Capital, said in a note.

Oliver did add, however, that “US and global recession still looks to be a fair way off and we continue to see this being a reasonably good year for shares.”


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: eustance huang
Keywords: news, cnbc, companies, trading, tumble, worries, shares, stock, rebound, lows, index, day, slipped, following, earlier, amid, rose, lynas, stocks, global, japan, shenzhen, growth


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Asian stocks rise as investors await Federal Reserve meeting

Major Asian stock markets closed higher on Monday as investors awaited developments on the U.S.-China trade front.The U.S. Federal Reserve was also set to begin its March policy meeting later in the week. Hong Kong’s Hang Seng index rose around 1 percent in its final hour of trading. Meanwhile, the U.S. and China looked to be closer to a trade deal, according to a Xinhua news report that both sides have made “concrete progress” on the text of the trade agreement. The news comes after CNBC report


Major Asian stock markets closed higher on Monday as investors awaited developments on the U.S.-China trade front.The U.S. Federal Reserve was also set to begin its March policy meeting later in the week. Hong Kong’s Hang Seng index rose around 1 percent in its final hour of trading. Meanwhile, the U.S. and China looked to be closer to a trade deal, according to a Xinhua news report that both sides have made “concrete progress” on the text of the trade agreement. The news comes after CNBC report
Asian stocks rise as investors await Federal Reserve meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: eustance huang
Keywords: news, cnbc, companies, federal, meeting, await, shares, shenzhen, trade, rose, stocks, deal, rise, president, chinese, reserve, investors, index, close, asian, presumably


Asian stocks rise as investors await Federal Reserve meeting

Major Asian stock markets closed higher on Monday as investors awaited developments on the U.S.-China trade front.The U.S. Federal Reserve was also set to begin its March policy meeting later in the week.

Mainland Chinese shares advanced on the day, as the Shanghai composite jumped 2.47 percent to close at 3,096.42 and the Shenzhen component gained 3.067 percent to finish at 9,843.43. The Shenzhen composite also added 2.706 percent to close at 1,685.79.

Hong Kong’s Hang Seng index rose around 1 percent in its final hour of trading. Shares of rail operator MTR declined about 0.3 percent after a train collision disrupted services in the city.

The Nikkei 225 in Japan rose 0.62 percent to close at 21,584.50 as shares of index heavyweights Fast Retailing, Softbank Group and Fanuc all advanced. The Topix index also added 0.69 percent to finish at 1,613.68.

Over in South Korea, the Kospi closed 0.16 percent higher at 2,179.49 as shares of automaker Hyundai Motor jumped 2.48 percent. The ASX 200 in Australia gained 0.25 percent to close at 6,190.50, with most sectors rising.

Meanwhile, the U.S. and China looked to be closer to a trade deal, according to a Xinhua news report that both sides have made “concrete progress” on the text of the trade agreement.

The news comes after CNBC reported Thursday that Chinese negotiators suggest combining a state visit to the U.S. with the signing of a trade deal. Beijing wants a deal to be fully ironed out before Chinese President Xi Jinping meets with U.S. President Donald Trump.

“While there is presumably a strong US political imperative to get a deal done ahead of next year’s elections, and presumably China is keen to bed down this issue, and while we expect a deal to be proclaimed, we can only believe it once it’s seen,” David de Garis, a director and senior economist at National Australia Bank, said in a morning note.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: eustance huang
Keywords: news, cnbc, companies, federal, meeting, await, shares, shenzhen, trade, rose, stocks, deal, rise, president, chinese, reserve, investors, index, close, asian, presumably


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Shanghai stocks plummet more than 4 percent: ‘China’s trade recession has started to emerge’

Shares in mainland China crumbled on Friday after Chinese trade data missed expectations by a wide margin. China on Friday reported worse than expected trade data for the month of February. China’s February trade balance was also significantly weaker than expected at $4.12 billion. The country’s trade balance in January had been $39.16 billion. In a note on Friday, ANZ said the release of the trade numbers reinforced its view that “China’s trade recession has started to emerge.”


Shares in mainland China crumbled on Friday after Chinese trade data missed expectations by a wide margin. China on Friday reported worse than expected trade data for the month of February. China’s February trade balance was also significantly weaker than expected at $4.12 billion. The country’s trade balance in January had been $39.16 billion. In a note on Friday, ANZ said the release of the trade numbers reinforced its view that “China’s trade recession has started to emerge.”
Shanghai stocks plummet more than 4 percent: ‘China’s trade recession has started to emerge’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang, weizhen tan, str, afp, getty images
Keywords: news, cnbc, companies, chinese, note, sentiment, shares, balance, chinas, release, expected, emerge, data, trade, shenzhen, shanghai, plummet, started, stocks, recession


Shanghai stocks plummet more than 4 percent: 'China's trade recession has started to emerge'

Shares in mainland China crumbled on Friday after Chinese trade data missed expectations by a wide margin.

All major Chinese indexes closed the day deep in negative territory. The Shanghai composite plunged 4.4 percent, the Shenzhen component tumbled 3.248 percent and the Shenzhen composite dropped 3.791 percent. The CSI 300, which tracks the largest shares on the mainland, plummeted nearly 4 percent.

The significant losses in Chinese stocks came as overall sentiment in Asia was downbeat for the day. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.5 percent, as of 3:14 p.m. HK/SIN.

China on Friday reported worse than expected trade data for the month of February. Dollar-denominated exports plunged 20.7 percent for the month from a year ago, missing economists’ expectations of a 4.8 percent decline, according to a Reuters poll. February’s dollar-denominated imports, meanwhile, fell 5.2 percent from the prior year, missing an expected 1.4 percent fall.

China’s February trade balance was also significantly weaker than expected at $4.12 billion. Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion. The country’s trade balance in January had been $39.16 billion.

In a note on Friday, ANZ said the release of the trade numbers reinforced its view that “China’s trade recession has started to emerge.”

China will require a stronger dose of stimulus to support growth, said Raymond Yeung, ANZ Research’s chief economist for Greater China.

“Looking ahead, we find little reason to expect a rebound in the near term on the back of a sluggish global electronics cycle,” he explained in the note, adding that Asia’s export figures are pointing to a “sobering” outlook.

That sentiment was echoed by Louis Kuijs, head of Asia economics at Oxford Economics.

“We expect subdued global trade and the impact of US tariffs to continue to weigh on exports in the coming months, although the tariff suspension by the US and China and increased likelihood of a more lasting agreement should help eventually,” Kuijs said in a note following Friday’s data release.

— CNBC’s Huileng Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang, weizhen tan, str, afp, getty images
Keywords: news, cnbc, companies, chinese, note, sentiment, shares, balance, chinas, release, expected, emerge, data, trade, shenzhen, shanghai, plummet, started, stocks, recession


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Stocks in Asia tumble; China leads losses after trade data disappoints

Stocks in major Asian stock markets closed lower on Friday as investors grappled with fresh concerns over the state of the global economy, with Chinese trade data for February coming in below expectations. Chinese customs data on Friday showed that dollar-denominated exports for China fell 20.7 percent for the month of February from a year ago, missing a 4.8 percent decline that economists polled by Reuters had expected. Dollar-denominated imports fell 5.2 percent in February from a year ago, mi


Stocks in major Asian stock markets closed lower on Friday as investors grappled with fresh concerns over the state of the global economy, with Chinese trade data for February coming in below expectations. Chinese customs data on Friday showed that dollar-denominated exports for China fell 20.7 percent for the month of February from a year ago, missing a 4.8 percent decline that economists polled by Reuters had expected. Dollar-denominated imports fell 5.2 percent in February from a year ago, mi
Stocks in Asia tumble; China leads losses after trade data disappoints Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang
Keywords: news, cnbc, companies, slowdown, leads, missing, global, think, china, tumble, trade, data, shenzhen, market, asia, stocks, disappoints, fell, investors, losses


Stocks in Asia tumble; China leads losses after trade data disappoints

Stocks in major Asian stock markets closed lower on Friday as investors grappled with fresh concerns over the state of the global economy, with Chinese trade data for February coming in below expectations.

Mainland Chinese shares cratered on the day, with the Shanghai composite falling 4.4 percent to close at 2,969.86 and the Shenzhen component slipping 3.248 percent to finish at 9,363.72. The Shenzhen composite shed 3.791 percent to close at 1,605.28.

Hong Kong’s Hang Seng index declined more than 1.8 percent in its final hour of trading.

Chinese customs data on Friday showed that dollar-denominated exports for China fell 20.7 percent for the month of February from a year ago, missing a 4.8 percent decline that economists polled by Reuters had expected.

Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists’ forecast of a 1.4 percent fall.

Analysts, however, say data from China in the first two months of the year must be treated with caution due to business distortions caused by the timing of the week-long Lunar New Year public holiday which started on Feb. 4 this year.

“A 20-percent decline is a big number. I think the market is clearly disappointed by this,” Sarah Lien, a director and client portfolio manager at Eastspring Investments (Singapore), told CNBC’s “Capital Connection” on Friday. “But to put things into perspective, I think we’ve been talking about a global growth slowdown and a China slowdown for a long time now, so it’s not completely unexpected to see a negative number.”

Lien added that Eastspring remained “very bullish” on China, and the country’s long-term outlook looked constructive. In particular, she pointed to China’s “hugely growing” domestic market, where there was “plenty of opportunity” for investors.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang
Keywords: news, cnbc, companies, slowdown, leads, missing, global, think, china, tumble, trade, data, shenzhen, market, asia, stocks, disappoints, fell, investors, losses


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