Asian Shares Mixed As Trade Fears Ebb

RTTNews | 91 일 전

(RTTNews) - Asian shares ended mixed on Monday as U.S. President Donald Trump threatened to roll out 25 percent tariffs by the end of next month on smartphones made by Apple, Samsung Electronics Co. and other companies, if they are not manufactured in the U.S.

That said, underlying sentiment was underpinned somewhat due to easing trade tensions between the United States and the European Union.

Trump said he would delay imposing 50 percent tariffs on imports from the EU until July 9, backing of this threat to impose tariffs on goods from the European Union as soon as 1 June.

The U.S. dollar began the week on a tepid note and gold dropped from a two-week high hit on Friday, while oil prices were slightly higher in Asian trade after Ukraine was hit by a massive Russian drone and missile attack for the second night in a row.

China's Shanghai Composite index finished marginally lower at 3,346.84 after a choppy session.

Hong Kong's Hang Seng index fell 1.35 percent to 23,282.33, with automobile and Apple suppliers pacing the decliners.

China's yuan climbed to near a seven-month high after the country's central bank tightened the midpoint fixing.

Japanese markets rallied on trade optimism ahead of chief trade negotiator Ryosei Akazawa's visit to the U.S. for a third round of talks.

The Nikkei average climbed 1 percent to 37,531.53, extending gains for a second consecutive session. The broader Topix index settled 0.60 percent higher at 2,751.91.

Nippon Steel Corp shares jumped 2.1 percent after Trump approved the company's investment in U.S. Steel.

Seoul stocks ended sharply higher, snapping a two-day losing streak driven by gains in tech shares. The Kospi average jumped 2.02 percent to 2,644.40, marking the highest level since Feb. 24.

Market bellwether Samsung Electronics rose 0.9 percent and its rival SK Hynix added 1.5 percent.

Battery makers LG Energy Solution and Samsung SDI soared around 4 percent each, chemical firm LG Chem jumped 2.9 percent and automaker Hyundai Motor rose 1.1 percent.

Australian markets fluctuated before ending on a flat note. Banks declined, offsetting gains in the mining and IT sectors. WiseTech Global surged 4.7 percent after the software firm agreed to acquire U.S. cloud computing firm E2open for $2.1 billion.

Paladin Energy soared 8.8 percent and Boss Energy climbed 7.3 percent after Trump signed a series of executive orders to boost nuclear energy production in the United States.

Origin Energy gave up 4.9 percent after downgrading forecast for its Octopus Energy business.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index dipped 0.39 percent to 12,547.22.

U.S. stocks ended firmly in the red on Friday as President Trump targeted the European Union and Apple with tariff threats.

He threatened to impose 50 percent tariffs on imports from the European Union beginning June 1st, claiming talks with the bloc are "going nowhere."

Separately, Trump warned that Apple would face a 25 percent tariff on iPhones manufactured outside the United States, sparking debate on manufacturing and job creation.

The tech-heavy Nasdaq Composite shed 1 percent, the S&P 500 dropped 0.7 percent and the Dow dipped 0.6 percent.

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 13 분 전

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 43 분 전

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1 시간 13 분 전

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1 시간 43 분 전

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1 시간 58 분 전

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2 시간 14 분 전

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 3 시간 14 분 전

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 4 시간 26 분 전

EURUSD	1.16411	GBPUSD	1.34726	AUDUSD	0.64879
USDJPY	147.263	USDCAD	1.385	USDCHF	0.80411