Asian markets mostly down as China-US tariffs kick in

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 71%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Washington's latest levies on imports from China took effect on Sunday and were followed later by Beijing's retaliation.

Most Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in, though Donald Trump reiterated that the two sides were still due to hold talks this month.

The measures are the latest in the long-running trade war between the world's top two economies, which has rattled markets and hit growth across the globe. But Shanghai rose more than one percent after a better-than-expected reading on Chinese factory activity, though another index showed the sector remained in contraction and investors remain uncertain about the outlook as the trade war bites deeper. There were also gains in Seoul, Wellington and Taipei.Hong Kong sank 0.

"The answer is, not good, to put it bluntly. The economic impact will surely show in Hong Kong data going forward and may temper the mood of equity traders in Asia as the new month begins." "On the surface, while it is not likely a significant divergence, it's the messaging that Russia is sending that spooks markets. While it could be little more than a tempest in an oil can at this stage, it's worth monitoring nonetheless."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia: Shares end down as new US-China tariffs trigger caution[SYDNEY] Australian shares, led by energy stocks, edged lower on Monday, with investors unsettled by the latest blows traded by the United States and China in their tariff war. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks fall on renewed US-China trade war fears[TOKYO] Tokyo stocks closed lower Monday on renewed fears of escalation in the US-China trade war and its impact on the global economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »