Sino-U.S trade Archives - The Industry Spread

Safe Haven Assets Lower, Equities Rally

July 1, 2019

Asian indices started on positive tone today as investors sentiment improved after the U.S. agreed to halt additional tariffs on China and to start again the negotiations. The Nikkei225 finished 2.13 percent higher at 21,729 the Shanghai Composite finished 2.22 percent higher to 3,044, while in Singapore, the FTSE Straits Times index finished 1.54 percent higher to 3,372. Australian equities ended stronger on Monday as ASX200 added 29 points or 0.4% to 6,648. 

Positive Mood on Better China PMI figures

April 1, 2019

Asian stocks finished strong as investors digest better China PMI figures and progress in trade negotiations between the US and China. In Japan, the Nikkei225 main index added 1,43 percent to 21,509, the Hang Seng benchmark in Hong Kong finished 1.69 percent higher at 29,541. The Shanghai Composite outperformed for one more day, finishing 2.58 percent higher at 3,170, and in Singapore, the FTSE Straits Times index gained 1.02 percent higher at 3,245. Australian equities also in positive performance.

Post-FOMC Bearish Pressure Surrounds US Dollar

March 22, 2019

In Japan the Nikkei225 main index added 0.09 percent to 21627, the Hang Seng benchmark in Hong Kong finished 0.25 percent lower at 28,989. The Shanghai Composite finished 0.01 percent higher at 3,101 and in Singapore, the FTSE Straits Times index gained 0.02 percent at 3,213. The Aussie stock market managed to make a solid gain today, capping off what’s been a week of choppy and lackluster trade. The ASX 200 rose 28 points or 0.5% to 6,195 – helped by gains in financial, energy, retail, healthcare, IT and utility stocks. The index gained 0.3% for the week.

Chinese stocks rally as Trump postpones trade deal deadline

February 25, 2019

Chinese stocks finished higher as Sino–US trade talk optimism boosts sentiments. The Shanghai Composite Index is set for the best day since June 2015 adding more than 5 percent to 2,961. In Tokyo, the Nikkei225 gained 0.5 percent to 21,528, and Hong Kong’s Hang Seng finished 0.4 percent higher at 28,959. The ASX 200 in Australia advanced 19 points or 0.31 percent to 6,263, supported by the headlines that the US and China are close to reaching a trade deal. 

Hopes on Trade Truce Extension Drives Markets

February 14, 2019

Traders are remaining hopeful of a trade truce extension between the US and China after US President Trump said he would let the deal deadline slide if both parties were making headway. Asian markets finished flat for the day, after posting decent gains over the last days.

Asian Stocks Higher amid Positive Reports Regarding the Trade Talks

February 13, 2019

Optimism emerges in US-China trade talks and traders throw bids in Asian markets with Tokyo’s main index adding 1.31 percent to 21,144 making to eight weeks high, the Hang Seng in Hong Kong rose 1.16 percent to 28,497 and Shanghai Composite index advanced 1.84 percent to 2,721. The Aussie ASX 200 index shed 0.3 percent to 6,063. US Dollar index trading flat at 96.73.  The crude oil rose 50 cents to $53.60/barrel, and Brent oil gained 53 cents to $62.95/barrel. Gold is adding two dollars to $1312.65.

Nikkei Closes Lower, NZDUSD Plummets to 0.6745

February 7, 2019

Japanese main stock index Nikkei 225 finished 0.59 percent lower at 20,751 on concerns over the Sino-US trade war while South Korea’s Kospi rose 0.3 percent to 2,209.76 and New Zealand’s NZX index finished 0.8 percent higher. Aussie stocks have extended its winning streak to four days, hitting fresh four-month highs with the ASX 200 adding 1.1 per cent to 6,026 thanks to gains across all sectors. NZDUSD took a hit on the chin after a weaker-than-expected New Zealand labor market data raised the odds of an RBNZ rate cut.

RBA sends Aussie Dollar Lower, Greenback gains

February 6, 2019

Indices closed higher in Asia following a late rally in Nasdaq as investors continue to wait on further developments in trade talks between China and US. In Tokyo, the Nikkei 225 edged 0.14 percent higher on Wednesday, and the Australian stocks continued to climb higher, to end a third straight session in positive territory.