Asian shares staggered up from five-week lows on Tuesday but remained fragile af...
SYDNEY - Asian shares staggered up from five-week lows on Tuesday but remained fragile after U.S. President Donald Trump’s latest threat to raise tariffs on Chinese goods shocked financial markets and fueled worries that trade talks may be derailed.
Chinese shares rose after their worst drop in more than three years on Monday. The benchmark Shanghai Composite advanced 0.6 percent, while the blue-chip CSI 300 climbed 1.0 percent. Hong Kong’s Hang Seng was up 0.7 percent. Trump tweeted on Sunday that he would raise tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent by the end of the week, and would “soon” target the remaining Chinese imports with tariffs.
“Markets are still not sure and far from a panicky situation. We have to see how the talks will unfold this week,” said Naoki Iwami, fixed income chief investment officer at Whiz Partners in Tokyo. The Australian dollar rose 0.2 percent to $0.6999 though investors remained cautious ahead of an interest rate decision from the country’s central bank later in the day.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets plunge as U.S.-China trade deal appears in jeopardyAsian stock markets plunged in early trading Monday as trade negotiations between the U.S. and China appeared to be on the verge of collapse.
Read more »
Asian shares trade sideways as investors await fresh cuesAsian markets marked time on Thursday with two major centers - Japan and China -...
Read more »
Asian shares flatline after Fed's neutral messageAsian markets marked time on Thursday with two major centers - Japan and China -...
Read more »
Trump rises tariffs on Chinese goods as a last ditch before trade talksThe USPresident Donald Trump announced increasing of tariffs on $200 billion of Chinese goods ahead of scheduled talks with China, causing the Asian markets to tumble in early trade on Monday.
Read more »
Asia shares linger near five-week low amid renewed U.S.-China trade jittersAsian shares wallowed near five-week lows on early Tuesday after U.S. President ...
Read more »
Huawei Has Taken Over Apple's Market Share In China; It Will Get WorseWait until Hauwei launches its own operating system. Then even Google will have a new rival.
Read more »
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
Read more »
US Navy destroyers sail near disputed islands claimed by China in South China SeaTwo U.S. guided missile destroyers sailed near disputed islands claimed by China in the South China Sea on Monday, the U.S. Navy says in a statement.
Read more »
Asian markets calm as investors await U.S. jobs reportAsian share markets were subdued on Friday amid thin holiday trade although the ...
Read more »
Artist-Activist Taz Ahmed Is Creating Spaces for the South Asian, Muslim Community'I wasn't seeing the stories in the public sphere that I needed to see to make me feel whole, so I created them,' Taz Ahmed, artist-activist, said. - NBCAsianAmerica
Read more »