dearJulius.com Write For Us

Asian trading mixed amid lingering trade tension worries


By YURI KAGEYAMA, AP
TOKYO

Asian stocks were mixed Monday after U.S. markets wrapped up their best quarter in almost five years, but sentiment was clouded by lingering worries over global trade tensions.

KEEPING SCORE: Japan’s benchmark Nikkei 225 added 0.6 percent in morning trading to 24,277.51. Australia’s S&P/ASX 200 lost nearly 0.6 percent to 6,169.00. South Korea’s Kospi edged less than 0.1 percent lower to 2,340.25. Markets in Hong Kong and the Chinese mainland were closed for National Day holidays.

TANKAN: A key quarterly economic survey by the Bank of Japan showed that sentiment among large manufacturers dipped two points to 19, as worries grow about global trade tensions. The “tankan” survey, released Monday, marked the third straight quarter of decline.

THE QUOTE: “The shockwaves from the U.S.-China tariff exchange are now starting to appear in the data,” said Chan Wed Liang at Mizuho Bank in Singapore, adding the damage would likely worsen in October.

CHINA DATA: Recent data from China show its exports shrank in September as a tariff battle with Washington over technology escalated, adding to downward pressure on the world’s No. 2 economy. Signs are emerging that Chinese trade, which had held up despite U.S. President Donald Trump’s tariff hikes, might be weakening.

WALL STREET: The S&P 500 index was flat at 2,913.98. The Dow Jones Industrial Average rose 0.1 percent to 26,458.31. The Nasdaq composite added less than 0.1 percent, to 8,046.35. The Russell 2000 index of smaller-company stocks gained 0.4 percent to 1,696.57.

ENERGY: Benchmark U.S. crude jumped 34 cents to $73.59. It rose 1.6 percent to $73.25 per barrel in New York on Friday. Brent crude, used to price international oils, added 48 cents to $83.21 per barrel in London.

CURRENCIES: The dollar rose to 113.88 yen from 113.69 yen on Friday. The euro fell to $1.1597 from $1.1605.

COMMENTS





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

Business,648,Careers & Education,19,Investing,37,Markets,34,Money,5,Personal Finance,19,Real Estate,21,Small Business,37,
ltr
item
Business News: Asian trading mixed amid lingering trade tension worries
Asian trading mixed amid lingering trade tension worries
https://1.bp.blogspot.com/-vHnR9ZbX4Cc/W7G7aj3kE_I/AAAAAAABBU8/PH3f9LOx_dYXALvaejnxBbYjy_6LPuJzwCLcBGAs/s1600/3.jpg
https://1.bp.blogspot.com/-vHnR9ZbX4Cc/W7G7aj3kE_I/AAAAAAABBU8/PH3f9LOx_dYXALvaejnxBbYjy_6LPuJzwCLcBGAs/s72-c/3.jpg
Business News
https://business.dailynewsview.com/2018/10/asian-trading-mixed-amid-lingering.html
https://business.dailynewsview.com/
https://business.dailynewsview.com/
https://business.dailynewsview.com/2018/10/asian-trading-mixed-amid-lingering.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