Contact Your Financial Adviser Money Making MC
31 Aug 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global shares mostly fell Friday following a report that the Trump
administration could put tariffs on $200 billion in Chinese goods as early as
next week.
KEEPING SCORE: France's CAC 40 fell 0.5
percent in early trading to 5,451.68. Germany's DAX lost 0.7 percent to
12,404.10. Britain's FTSE 100 slipped 0.3 percent to 7,496.35. U.S. shares were
set to drift lower with Dow futures down 0.1 percent at 25,993. S&P 500
futures were also 0.1 percent lower at 2,898.70.
ASIA'S DAY: Japan's benchmark Nikkei 225
recouped earlier losses to finish virtually unchanged at 22,865.15. Australia's
S&P/ASX 200 slipped 0.5 percent to 6,319.50. South Korea's Kospi rose 0.7
percent to 2,322.88. Hong Kong's Hang Seng was down 1.1 percent at 27,858.64,
while the Shanghai Composite index fell 0.5 percent to 2,725.25.
TRADE WORRIES: Worries about recent
trans-Pacific trade fiction have hurt Asian markets. Bloomberg News said the
U.S. government was getting ready to ramp up its trade dispute with China. It
has been threatening to tax $200 billion in Chinese products for several
months, which would represent a major escalation in the trade fight. The report
sent shares falling on Wall Street.
ANALYST'S TAKE: "It is undoubtedly a
morning of decline for Asia markets following the setback seen overnight on
Wall Street from the bout of political tensions," said Jingyi Pan, market
strategist at IG in Singapore.
ENERGY: Benchmark U.S. crude fell 12 cent to
$70.13 a barrel. It gained 1.4 percent to $70.25 in New York. Brent crude, used
to price international oils, dipped 25 cents to $77.77 a barrel in London.
CURRENCIES: The dollar fell to 110.75 yen
from 111.58 yen. The euro fell to $1.1685 from $1.1688.The Total Investment & Insurance Solutions
No comments:
Post a Comment