Huawei Archives - The Industry Spread

Equities Muted Post Strong Rebound, Lingering Stimulus Keeps Bulls Sustained

Asian market opened positive post bullish price action in US Wall Street last night. US decision to give China’s Huawei a 90-day extension combined with easing recession woes played a major role in influencing positive action in the global market yesterday. Lingering influenced from previous sessions positive cues helped underpin market bulls in Asian market today.

Mexican peso battered after Donald Trump announced new tariffs on Mexico

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.

Sterling at Four-Month Lows

Asian markets finished mixed today amid global politics and geopolitical uncertainty. The Nikkei225 finished 0.05 percent lower to 21,283, the Hang Seng benchmark in Hong Kong finished 0.04 percent lower at 27,647. The Shanghai Composite finished 0.87 percent lower to 2,880, while in Singapore, the FTSE Straits Times index finished flat at 3,184.

GBPUSD in search for support, Bears control EURUSD

Asian markets finished lower today amid global politics and geopolitical uncertainty. The Nikkei225 finished 0.14 percent lower to 21,272; the Hang Seng benchmark in Hong Kong finished 0.10 percent lower at 27,756. The Shanghai Composite outperformed adding 1.23 percent to 2,903 while in Singapore the FTSE Straits Times index finished 0.49 percent lower at 3,188.

ASX200 closed to fresh 11.5 year high after surprise in General Election

The Nikkei225 finished 0.24 percent higher to 21,301; the Hang Seng benchmark in Hong Kong finished 0.59 percent lower at 27,784. The Shanghai Composite lost 0.41 percent to 2,870 while in Singapore the FTSE Straits Times index finished 0.77 percent lower at 3,205. Australian stocks rallied to a fresh 11.5 year high, as investors responded to the Federal Election result.

Pound breaches 1.28 as the no deal Brexit scenario is back on the table

Asian markets finished mixed today as China responded with a firm message that it does not want to sit down to negotiate so long as the US remains ‘insincere’ in trade talks. The Nikkei225 was the outperformer adding 0.89 percent to 21,250 the Hang Seng benchmark in Hong Kong finished 1.19 percent lower at 27,941.

ECB on the Spotlight, USDCAD Breaks Higher

Asian indices finished mostly lower today following a downbeat session in Wall Street. With trade negotiations frontier quiet, traders will turn their attention to Europe and focus on the monthly decision on interest rates by the European Central Bank and data on quarterly economic growth. Stock traders will also be following news that Chinese tech company Huawei has filed a lawsuit against the US government over the ban that restricts Fed agencies from using its products.

Asian Stocks Ended the day Bearish

Asian stocks finished the day lower as U.S. Justice Department yesterday brought charges against Huawei Technologies Co. alleging that it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran. Caterpillar and Nvidia both reported forecasts for 2019 that disappointed analysts expectations.

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