ahlam1399
03-12-2019, 07:32 AM
Shares were mixed in Asia on Monday as investors awaited further developments in trade talks between the U.S. and China.
Major benchmarks were mostly higher, with the Shanghai Composite
SHCOMP, -3.10% (http://www.marketwatch.com/investing/index/shcomp?countrycode=cn)
up 1% to 3,001.51 and the Hang Seng
HSI, -1.24% (http://www.marketwatch.com/investing/index/hsi?countrycode=hk)
in Hong Kong gaining 0.6% to 28,387.46.
Weaker-than-expected Chinese loan and money supply data raised expectations of further action to spur the slowing economy. The 885.8 billion yuan ($132 billion) in new loans in February was below forecasts and much lower than the 3.23 trillion yuan in new lending in January.
Elsewhere in Asia, Japanâ??s Nikkei 225 index
NIK, -1.54% (http://www.marketwatch.com/investing/index/nik?countrycode=jp)
added 0.5% to 21,125.09 and the S&P ASX 200
XJO, -1.34% (http://www.marketwatch.com/investing/index/xjo?countrycode=au)
آ*in Australia slipped 0.4%. South Koreaâ??s Kospi
SEU, -1.33% (http://www.marketwatch.com/investing/index/seu?countrycode=kr)
آ*was flat. Shares were lower in Singapore and Jakarta but rose in Thailand and Taipei.
Among individual stocks, Hitachi
6501, +3.03% (http://www.marketwatch.com/investing/stock/6501?countrycode=jp)
آ* and SoftBank
9984, +0.19% (http://www.marketwatch.com/investing/stock/9984?countrycode=jp)
آ* rose in Tokyo trading, while shipping Mitsui OSK Lines
9104, -4.44% (http://www.marketwatch.com/investing/stock/9104?countrycode=jp)
آ* fell. Smartphone component maker AAC
2018, -5.26% (http://www.marketwatch.com/investing/stock/2018?countrycode=hk)
آ* fell in Hong Kong, as did property stocks such as Country Garden Holdings
2007, -6.07% (http://www.marketwatch.com/investing/stock/2007?countrycode=hk)
آ* and China Overseas Land & Investment
0688, -2.61% (http://www.marketwatch.com/investing/stock/0688?countrycode=hk)
آ*. LG Electronics
066570, +0.40% (http://www.marketwatch.com/investing/stock/066570?countrycode=kr)
آ* gained in Korea, and Taiwan Semiconductor
2330, -1.50% (http://www.marketwatch.com/investing/stock/2330?countrycode=tw)
آ* slipped in Taiwan. Energy shares fell in Australia, led by Oil Search
OSH, -4.13% (http://www.marketwatch.com/investing/stock/osh?countrycode=au)
آ*, Beach Energy
BPT, -4.76% (http://www.marketwatch.com/investing/stock/bpt?countrycode=au)
آ* and Woodside Petroleum
WPL, -2.99% (http://www.marketwatch.com/investing/stock/wpl?countrycode=au)
آ*.
It was a steady start for the week after a wave of selling on Wall Street Friday left the S&P 500 with its worst weekly showing since January and its eighth loss in nine trading sessions.
The sell-off followed a surprisingly weak jobs report and more signs that the global economy is hitting the brakes. On Friday a report showed Chinese exports plunged 20% last month, far more than economists expected. On Thursday, Europeâ??s central bank said it was doing a policy reversal and restoring measures to shore up that regionâ??s economy.
The S&P 500
SPX, -0.21% (http://www.marketwatch.com/investing/index/spx)
آ* dropped 0.2% to 2,743.07. The Dow Jones Industrial Average
DJIA, -0.09% (http://www.marketwatch.com/investing/index/djia)
آ*lost 0.1% to 25,450.24. The Nasdaq Composite
COMP, -0.18% (http://www.marketwatch.com/investing/index/comp)
آ*declined 0.2%to 7,408.14 and the Russell 2000 index
RUT, -0.11% (http://www.marketwatch.com/investing/index/rut)
آ*of smaller companies gave up 0.1%, to 1,521.88. Major European indexes also closed lower.
U.S. and Chinese officials say the trade talks are making progress but no formal agreements or details of negotiations have been released.
Chinaâ??s central bank governor on Sunday affirmed an official promise to avoid manipulating its currency to boost exports, an issue he said American and Chinese negotiators discussed in the latest talks in Washington aimed at ending a conflict over Beijingâ??s technology ambitions that has prompted both sides to raise tariffs on billions of dollars of each otherâ??s goods.
Speaking at a news conference during the meeting of Chinaâ??s ceremonial legislature, Yi Gang gave no indication the two sides had reached agreements beyond previous commitments produced by meetings of the Group of 20 major economies.
U.S. complaints that Beijing manipulates the yuanâ??s government-controlled exchange rate for a trade advantage have taken a backseat lately to frustration at its industrial policy. But American officials have long pressed China to allow the yuan to fluctuate more freely in response to market forces.
â??â??We stress that we will never use the exchange rate for competitive purposes, nor will we use it to boost Chinaâ??s exports,â?* Yi said.
He repeated official promises that Chinaâ??s stock and bond markets would open wider to global investors and its currency would trade more freely but gave no details or a timeline.
The yuanâ??s value sank this year, coming close to breaking the symbolic level of seven per dollar before rebounding slightly to about 6.7 to the greenback.
â??Our exchange rate is relatively stable. But at the same time, that stability does not mean the exchange rate is fixed,â?* said Yi.
Benchmark U.S. crude oil
CLJ9, +0.45% (http://www.marketwatch.com/investing/future/clj9)
آ*gained 27 cents to $56.34 per barrel in electronic trading on the New York Mercantile Exchange. It lost 59 cents to $56.07 per barrel on Friday. Brent
LCOK9, +0.30% (http://www.marketwatch.com/investing/future/lcok9?countrycode=uk)
آ* the international standard, gained 28 cents to $66.02 per barrel. It lost 0.8 cents to close at $65.74 per barrel on Friday.
The dollar
USDJPY, +0.01% (http://www.marketwatch.com/investing/currency/usdjpy)
آ*was trading at 111.12 yen, down slightly from 111.17 yen on Friday. The euro
EURUSD, +0.0356% (http://www.marketwatch.com/investing/currency/eurusd)
آ*strengthened to $1.1233 from $1.1230.
Japanâ??s Nikkei
NIK, -1.54% (http://www.marketwatch.com/investing/index/nik?countrycode=jp)
آ* was last up 0.2% after earlier being in the red. Hong Kongâ??s Hang Seng
HSI, -1.24% (http://www.marketwatch.com/investing/index/hsi?countrycode=hk)
آ* rose 0.6%, while in mainland China, the Shanghai Composite
SHCOMP, -3.10% (http://www.marketwatch.com/investing/index/shcomp?countrycode=cn)
آ* bounced up 1.2% and the smaller-cap Shenzhen Composite
399106, -0.80% (http://www.marketwatch.com/investing/index/399106?countrycode=cn)
آ* jumped 2.3%. South Koreaâ??s Kospi
SEU, -1.33% (http://www.marketwatch.com/investing/index/seu?countrycode=kr)
آ* fell 0.2%, while indexes in Taiwan
Y9999, -0.60% (http://www.marketwatch.com/investing/index/y9999?countrycode=xx)
آ* and Singapore
STI, -1.14% (http://www.marketwatch.com/investing/index/sti?countrycode=sg)
آ* were about flat. Australiaâ??s ASX/200
XJO, -1.34% (http://www.marketwatch.com/investing/index/xjo?countrycode=au)
آ* was down about 0.5%
Among individual stocks, Hitachi
6501, +3.03% (http://www.marketwatch.com/investing/stock/6501?countrycode=jp)
آ* and SoftBank
9984, +0.19% (http://www.marketwatch.com/investing/stock/9984?countrycode=jp)
آ* rose in Tokyo trading, while shipping Mitsui OSK Lines
9104, -4.44% (http://www.marketwatch.com/investing/stock/9104?countrycode=jp)
آ* fell. Smartphone component maker AAC
2018, -5.26% (http://www.marketwatch.com/investing/stock/2018?countrycode=hk)
آ* fell in Hong Kong, as did property stocks such as Country Garden Holdings
2007, -6.07% (http://www.marketwatch.com/investing/stock/2007?countrycode=hk)
آ* and China Overseas Land & Investment
0688, -2.61% (http://www.marketwatch.com/investing/stock/0688?countrycode=hk)
آ*. LG Electronics
066570, +0.40% (http://www.marketwatch.com/investing/stock/066570?countrycode=kr)
آ* gained in Korea, and Taiwan Semiconductor
2330, -1.50% (http://www.marketwatch.com/investing/stock/2330?countrycode=tw)
آ* slipped in Taiwan. Energy shares fell in Australia, led by Oil Search
OSH, -4.13% (http://www.marketwatch.com/investing/stock/osh?countrycode=au)
آ*, Beach Energy
BPT, -4.76% (http://www.marketwatch.com/investing/stock/bpt?countrycode=au)
آ* and Woodside Petroleum
WPL, -2.99% (http://www.marketwatch.com/investing/stock/wpl?countrycode=au)
آ*.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here. (http://www.marketwatch.com/newsletters)
</p>
Source link (http://www.marketwatch.com/news/story.asp?guid=%7B30BFAFE0-43AB-11E9-941F-9DD58265ED8A%7D&siteid=rss&rss=1)
More (http://ahlam1399.i234.me:8888/m/2019/03/11/asian-markets-mixed-as-worries-of-a-global-slowdown-accelerate/)
Major benchmarks were mostly higher, with the Shanghai Composite
SHCOMP, -3.10% (http://www.marketwatch.com/investing/index/shcomp?countrycode=cn)
up 1% to 3,001.51 and the Hang Seng
HSI, -1.24% (http://www.marketwatch.com/investing/index/hsi?countrycode=hk)
in Hong Kong gaining 0.6% to 28,387.46.
Weaker-than-expected Chinese loan and money supply data raised expectations of further action to spur the slowing economy. The 885.8 billion yuan ($132 billion) in new loans in February was below forecasts and much lower than the 3.23 trillion yuan in new lending in January.
Elsewhere in Asia, Japanâ??s Nikkei 225 index
NIK, -1.54% (http://www.marketwatch.com/investing/index/nik?countrycode=jp)
added 0.5% to 21,125.09 and the S&P ASX 200
XJO, -1.34% (http://www.marketwatch.com/investing/index/xjo?countrycode=au)
آ*in Australia slipped 0.4%. South Koreaâ??s Kospi
SEU, -1.33% (http://www.marketwatch.com/investing/index/seu?countrycode=kr)
آ*was flat. Shares were lower in Singapore and Jakarta but rose in Thailand and Taipei.
Among individual stocks, Hitachi
6501, +3.03% (http://www.marketwatch.com/investing/stock/6501?countrycode=jp)
آ* and SoftBank
9984, +0.19% (http://www.marketwatch.com/investing/stock/9984?countrycode=jp)
آ* rose in Tokyo trading, while shipping Mitsui OSK Lines
9104, -4.44% (http://www.marketwatch.com/investing/stock/9104?countrycode=jp)
آ* fell. Smartphone component maker AAC
2018, -5.26% (http://www.marketwatch.com/investing/stock/2018?countrycode=hk)
آ* fell in Hong Kong, as did property stocks such as Country Garden Holdings
2007, -6.07% (http://www.marketwatch.com/investing/stock/2007?countrycode=hk)
آ* and China Overseas Land & Investment
0688, -2.61% (http://www.marketwatch.com/investing/stock/0688?countrycode=hk)
آ*. LG Electronics
066570, +0.40% (http://www.marketwatch.com/investing/stock/066570?countrycode=kr)
آ* gained in Korea, and Taiwan Semiconductor
2330, -1.50% (http://www.marketwatch.com/investing/stock/2330?countrycode=tw)
آ* slipped in Taiwan. Energy shares fell in Australia, led by Oil Search
OSH, -4.13% (http://www.marketwatch.com/investing/stock/osh?countrycode=au)
آ*, Beach Energy
BPT, -4.76% (http://www.marketwatch.com/investing/stock/bpt?countrycode=au)
آ* and Woodside Petroleum
WPL, -2.99% (http://www.marketwatch.com/investing/stock/wpl?countrycode=au)
آ*.
It was a steady start for the week after a wave of selling on Wall Street Friday left the S&P 500 with its worst weekly showing since January and its eighth loss in nine trading sessions.
The sell-off followed a surprisingly weak jobs report and more signs that the global economy is hitting the brakes. On Friday a report showed Chinese exports plunged 20% last month, far more than economists expected. On Thursday, Europeâ??s central bank said it was doing a policy reversal and restoring measures to shore up that regionâ??s economy.
The S&P 500
SPX, -0.21% (http://www.marketwatch.com/investing/index/spx)
آ* dropped 0.2% to 2,743.07. The Dow Jones Industrial Average
DJIA, -0.09% (http://www.marketwatch.com/investing/index/djia)
آ*lost 0.1% to 25,450.24. The Nasdaq Composite
COMP, -0.18% (http://www.marketwatch.com/investing/index/comp)
آ*declined 0.2%to 7,408.14 and the Russell 2000 index
RUT, -0.11% (http://www.marketwatch.com/investing/index/rut)
آ*of smaller companies gave up 0.1%, to 1,521.88. Major European indexes also closed lower.
U.S. and Chinese officials say the trade talks are making progress but no formal agreements or details of negotiations have been released.
Chinaâ??s central bank governor on Sunday affirmed an official promise to avoid manipulating its currency to boost exports, an issue he said American and Chinese negotiators discussed in the latest talks in Washington aimed at ending a conflict over Beijingâ??s technology ambitions that has prompted both sides to raise tariffs on billions of dollars of each otherâ??s goods.
Speaking at a news conference during the meeting of Chinaâ??s ceremonial legislature, Yi Gang gave no indication the two sides had reached agreements beyond previous commitments produced by meetings of the Group of 20 major economies.
U.S. complaints that Beijing manipulates the yuanâ??s government-controlled exchange rate for a trade advantage have taken a backseat lately to frustration at its industrial policy. But American officials have long pressed China to allow the yuan to fluctuate more freely in response to market forces.
â??â??We stress that we will never use the exchange rate for competitive purposes, nor will we use it to boost Chinaâ??s exports,â?* Yi said.
He repeated official promises that Chinaâ??s stock and bond markets would open wider to global investors and its currency would trade more freely but gave no details or a timeline.
The yuanâ??s value sank this year, coming close to breaking the symbolic level of seven per dollar before rebounding slightly to about 6.7 to the greenback.
â??Our exchange rate is relatively stable. But at the same time, that stability does not mean the exchange rate is fixed,â?* said Yi.
Benchmark U.S. crude oil
CLJ9, +0.45% (http://www.marketwatch.com/investing/future/clj9)
آ*gained 27 cents to $56.34 per barrel in electronic trading on the New York Mercantile Exchange. It lost 59 cents to $56.07 per barrel on Friday. Brent
LCOK9, +0.30% (http://www.marketwatch.com/investing/future/lcok9?countrycode=uk)
آ* the international standard, gained 28 cents to $66.02 per barrel. It lost 0.8 cents to close at $65.74 per barrel on Friday.
The dollar
USDJPY, +0.01% (http://www.marketwatch.com/investing/currency/usdjpy)
آ*was trading at 111.12 yen, down slightly from 111.17 yen on Friday. The euro
EURUSD, +0.0356% (http://www.marketwatch.com/investing/currency/eurusd)
آ*strengthened to $1.1233 from $1.1230.
Japanâ??s Nikkei
NIK, -1.54% (http://www.marketwatch.com/investing/index/nik?countrycode=jp)
آ* was last up 0.2% after earlier being in the red. Hong Kongâ??s Hang Seng
HSI, -1.24% (http://www.marketwatch.com/investing/index/hsi?countrycode=hk)
آ* rose 0.6%, while in mainland China, the Shanghai Composite
SHCOMP, -3.10% (http://www.marketwatch.com/investing/index/shcomp?countrycode=cn)
آ* bounced up 1.2% and the smaller-cap Shenzhen Composite
399106, -0.80% (http://www.marketwatch.com/investing/index/399106?countrycode=cn)
آ* jumped 2.3%. South Koreaâ??s Kospi
SEU, -1.33% (http://www.marketwatch.com/investing/index/seu?countrycode=kr)
آ* fell 0.2%, while indexes in Taiwan
Y9999, -0.60% (http://www.marketwatch.com/investing/index/y9999?countrycode=xx)
آ* and Singapore
STI, -1.14% (http://www.marketwatch.com/investing/index/sti?countrycode=sg)
آ* were about flat. Australiaâ??s ASX/200
XJO, -1.34% (http://www.marketwatch.com/investing/index/xjo?countrycode=au)
آ* was down about 0.5%
Among individual stocks, Hitachi
6501, +3.03% (http://www.marketwatch.com/investing/stock/6501?countrycode=jp)
آ* and SoftBank
9984, +0.19% (http://www.marketwatch.com/investing/stock/9984?countrycode=jp)
آ* rose in Tokyo trading, while shipping Mitsui OSK Lines
9104, -4.44% (http://www.marketwatch.com/investing/stock/9104?countrycode=jp)
آ* fell. Smartphone component maker AAC
2018, -5.26% (http://www.marketwatch.com/investing/stock/2018?countrycode=hk)
آ* fell in Hong Kong, as did property stocks such as Country Garden Holdings
2007, -6.07% (http://www.marketwatch.com/investing/stock/2007?countrycode=hk)
آ* and China Overseas Land & Investment
0688, -2.61% (http://www.marketwatch.com/investing/stock/0688?countrycode=hk)
آ*. LG Electronics
066570, +0.40% (http://www.marketwatch.com/investing/stock/066570?countrycode=kr)
آ* gained in Korea, and Taiwan Semiconductor
2330, -1.50% (http://www.marketwatch.com/investing/stock/2330?countrycode=tw)
آ* slipped in Taiwan. Energy shares fell in Australia, led by Oil Search
OSH, -4.13% (http://www.marketwatch.com/investing/stock/osh?countrycode=au)
آ*, Beach Energy
BPT, -4.76% (http://www.marketwatch.com/investing/stock/bpt?countrycode=au)
آ* and Woodside Petroleum
WPL, -2.99% (http://www.marketwatch.com/investing/stock/wpl?countrycode=au)
آ*.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here. (http://www.marketwatch.com/newsletters)
</p>
Source link (http://www.marketwatch.com/news/story.asp?guid=%7B30BFAFE0-43AB-11E9-941F-9DD58265ED8A%7D&siteid=rss&rss=1)
More (http://ahlam1399.i234.me:8888/m/2019/03/11/asian-markets-mixed-as-worries-of-a-global-slowdown-accelerate/)