dearJulius.com

$hide=home

Asian stocks fall on trade worries, weak Chinese data


By ANNABELLE LIANG, APO
SINGAPORE

Asian shares were mostly lower Tuesday as the lack of new leads following a U.S. market holiday meant that trade worries and slowing Chinese manufacturing activity stayed in the spotlight.

KEEPING SCORE: Japan’s benchmark Nikkei 225 lost 0.1 percent to 22,697.08. Hong Kong’s Hang Seng dropped less than 0.1 percent to 27,701.03, and the Shanghai Composite index was 0.1 percent lower at 2,718.97. Australia’s S&P/ASX 200 fell 0.4 percent to 6,285.10, ahead of a statement by the Reserve Bank of Australia. The bank is widely expected to keep its 1.5 percent benchmark interest rate unchanged. South Korea’s Kospi bucked the regional trend, adding 0.1 percent to 2,308.95. Wall Street was closed on Monday for a Labor Day holiday.

TRADE CONCERNS: On Saturday, President Donald Trump warned that Canada “will be out” of a revised North American trade agreement unless it’s “fair” to the United States. Talks to keep Canada in the trade bloc are to resume Wednesday as Washington and Ottawa try to break a deadlock over issues such as Canada’s dairy market and U.S. efforts to shield drug companies from generic competition. The two countries will continue to engage in trade talks, despite missing a deadline set by the Trump administration. A U.S.-Mexico deal sealed last Monday excluded Canada.

CHINESE PMI
: A private survey has showed manufacturing activity in China slowing to a 14-month low. The Caixin Manufacturing PMI, which measures growth in the sector, came in at 50.6 in August, slightly lower than 50.8 in July. The index is on a 100-point scale, with 50 separating contraction from growth.

ANALYST’S TAKE: “A look back on Monday’s Caixin manufacturing PMI from China saw that being a factor to weigh with Asia markets broadly receding on the above-mentioned and broad concerns over looming trade issues,” Jingyi Pan of IG said in a commentary.

ENERGY: Benchmark U.S. crude added 26 cents to $70.06 a barrel on Tuesday. It had lost 0.6 percent to settle at $69.80 a barrel in New York. Brent Crude, used to price international oils, shed 8 cents to $78.07 a barrel.

CURRENCIES:
The dollar rose to 111.12 yen from 111.08 yen. The euro fell to $1.1599 from $1.1619.

COMMENTS





Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Name

Business,796,Career,18,Investing,36,Markets,33,News,653,Personal Finance,18,Real Estate,20,Small Business,36,
ltr
item
Business News: Asian stocks fall on trade worries, weak Chinese data
Asian stocks fall on trade worries, weak Chinese data
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij40S-Ipi6-dLS5P29jBHrz2ccfS6gVd-fKAWj2PuNikh_wWfYJag1M7qA-wYhhBVBdib0-DTDHbh8X9UdrdhJXMAeZOO3dX7C61lr0o7KXir34KnRPLj7ErWCIs8B5gA5w-6YpbEe4L0K/s1600/2.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij40S-Ipi6-dLS5P29jBHrz2ccfS6gVd-fKAWj2PuNikh_wWfYJag1M7qA-wYhhBVBdib0-DTDHbh8X9UdrdhJXMAeZOO3dX7C61lr0o7KXir34KnRPLj7ErWCIs8B5gA5w-6YpbEe4L0K/s72-c/2.jpg
Business News
https://business.dailynewsview.com/2018/09/asian-stocks-fall-on-trade-worries-weak.html
https://business.dailynewsview.com/
https://business.dailynewsview.com/
https://business.dailynewsview.com/2018/09/asian-stocks-fall-on-trade-worries-weak.html
true
2833357683530480155
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy