|Day's range||28,430.199 - 28,816.301|
|52-week range||24,540.631 - 31,978.141|
Chinese stocks have staged a resurgence this year, stoked by stimulus unleashed by China’s central bank and a dovish US Federal Reserve, in a sharp reversal of its performance last year as the world’s worst equity market. The dovish move was followed by other central banks globally, giving a boost to China and other emerging markets. The switch in tone came against a backdrop of global geopolitical tension, with uncertainty hanging over Brexit and the US-China trade war.
US stocks on Friday posted their best daily gain this month, as investors kept faith that Beijing and Washington will still manage to avert an escalation in the trade war between the world’s two biggest economies. After US and Chinese trade negotiators held the first substantial talks this week in several months, the two sides would meet again next week in Washington, President Xi Jinping said.
The move lower in global equities gathered pace in Asia trading on Friday against a backdrop of rising concerns over global growth and as sentiment soured about the prospects of a positive outcome from the high level US-China trade talks in Beijing today. The Hang Seng index in Hong Kong was among the worst hit across the major bourses, falling 1.6 per cent in morning trade with all market segments in negative territory. Seoul’s Kospi was down by 1.5 per cent, led by a 2.7 per cent drop for technology stocks.
Thursday 21.46 GMT Wall Street lost ground on Thursday after poorer than expected US retail sales data sent shivers through the stock market. The bleak American data followed numbers that showed Germany ...
US stocks were mixed on Monday, struggling to maintain the momentum from gains in global stock markets as initial US-China trade talks got under way. A cautious mood hung over markets ahead of planned meetings this week between Robert Lighthizer, the US trade representative, Steven Mnuchin, the US Treasury secretary, and Chinese vice-premier Liu He as the separate threat of another US government shutdown also hung in the balance. “There is an uncertainty in the air and in the markets, which is adding a little downward pressure,” said Michael Underhill, chief investment officer at Capital Innovations.
The gains by Chinese equities came even after data from China’s commerce ministry showed retail sales grew 8.5 per cent year on year during last week’s holiday compared to a 10.2 per cent rise in 2018.
Chinese stocks started the week in negative territory and the onshore renminbi lost ground after returning from a five-day break and as US-China trade negotiations began in Beijing. Chinese stocks returned opened lower on the return from the lunar new year break. The Hang Seng index in Hong Kong was down 0.2 per cent as financial stocks slipped 0.3 per cent and the technology sector fell 0.1 per cent. The Hang Seng China Enterprises index was down 0.3 per cent. In Australia, the S&P/ASX 200 was down 0.5 per cent as the financials sector shed 1.2 per cent as the country’s four major banks all retreated.
U.S. stocks flipped between small gains and losses Monday, as a rise in technology shares was offset by declines in health-care and energy companies. The Dow Jones Industrial Average rose 36 points, or 0.1%, to 25100. The S&P 500 climbed 0.3%, on course to rise for the fourth consecutive session.
SINGAPORE (AP) — World markets were mixed Monday amid speculation over the next steps in a dispute between the U.S. and China over technology development and trade following meetings in Washington last week.
SINGAPORE (AP) — World markets edged lower on Friday ahead of the monthly U.S. jobs report and after the U.S.-China trade talks yielded few immediate results.
SINGAPORE (AP) — World markets were mixed Tuesday amid concerns that U.S. criminal charges against China's Huawei could complicate trade talks, though European indexes were up on optimism over Brexit.
BANGKOK (AP) — Stock markets mostly fell Monday on caution over China-U.S. trade talks and over the ability of U.S. congressional negotiators to forge a government funding bill acceptable to President Donald Trump.