EU elections Archives - The Industry Spread

Mexican peso battered after Donald Trump announced new tariffs on Mexico

May 31, 2019

Asian indices finished lower for one more day as President Trump vowed to impose a 5% tariff on Mexican imports until that country stops immigrants from entering the U.S. illegally. The Nikkei225 finished 1.63 percent lower to 20,601 below its 100-day moving average the Hang Seng benchmark in Hong Kong finished 0.59 percent lower at 26,959. The Shanghai Composite finished 0.03 percent lower to 2,904 below the 100-day MA, while in Singapore the FTSE Straits Times index finished 0.80 percent lower to 3,118. Australian equities closed down 47 points or 0.74% to 6,392.

Iron Ore Prices Rally, AUD gets a lift

May 28, 2019

Asian indices finished higher today as the China-U.S. trade dispute continues, with few signs a deal will be reached in the near-term. The Nikkei225 finished 0.37 percent higher to 21,260 the Hang Seng benchmark in Hong Kong finished 0.22 percent higher at 27,351. The Shanghai Composite finished 0.17 percent lower to 2,888 below the 100-day MA, while in Singapore the FTSE Straits Times index finished flat to 3,167. Australian equities rebounded on Tuesday, breaking a three-session slump.