Subdued mood in markets trapped in mixed messages on trade maze and as oil nurses losses
Sydney — Asian shares stumbled on Wednesday as the Sino-US trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply left oil prices nursing their biggest one-day loss in seven weeks.
The mood in share markets was subdued with MSCI’s broadest index of Asia-Pacific shares outside Japan off 0.7%. Japan’s Nikkei fell 0.8% and Shanghai blue chips 0.3%.The prospect for progress on trade seemed to dim when China condemned a US Senate measure on Hong Kong, vowing to take the steps necessary to safeguard its sovereignty and security.Late on Tuesday, US President Donald Trump had threatened to raise tariffs further if China would not agree to a deal that he liked.
“It was noticeable that fixed income markets rallied despite equity markets being stable, suggestive of a market that remains cautious about the growth outlook.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares mixed as trade deal seems out of reachMarkets on edge and they await signs of breakthrough on trade war talks
Read more »
JSE could take its lead from weaker Asian markets on WednesdayThe US-China trade war continues to dominate global market sentiment, while locally inflation numbers for October are due later
Read more »
Asian shares rise after China cuts interest rateThe news helped Shanghai blue chips recoup early losses to rise 0.8%, though the initial reaction was cautious overall
Read more »
JSE gains as Asian markets benefit from China’s rate cutSentiment is being supported by reports that the US and China are making progress in talks ahead of signing a partial trade deal
Read more »
Asian shares mixed as trade deal seems out of reachMarkets on edge and they await signs of breakthrough on trade war talks
Read more »
Absa and AfDB seal risk-sharing deal to promote African tradeThe $250m agreement could unlock as much as $2bn worth of trade finance in the next three years, with a focus on SMEs
Read more »