Economic news

Asian shares grow despite new tariff threats from U.S.

Asian stock markets grew on Tuesday, despite new threats from U.S. President Donald Trump to raise tariffs on China's import on another sum.

asian markets cheer up 1106

Trump told reporters on Monday that the U.S. would raise tariffs against China if President Xi Jinping did not attend the G-20 meeting at the end of this month in Japan, although there were no signs that X was planning to miss the summit. Trump also threatened that tariffs would force China to bargain.

The broadest MSCI’s index for shares in the Asia-Pacific region advanced 0.65 percent.

  • Japanese Nikkei added 0.33 percent to 21,204;

  • Hong Kong's Hang Seng Index jumped 0.89 percent to 27,822;

  • Shanghai Composite Index increased by 2.55 percent to 2,924;

  • South Korea’s Kospi up by 0.59 percent to 2,111;

  • TAIEX in Taiwan grew by 0.39 percent to 10,607;

  • The FTSE Straits Times in Singapore rose by 0.62 percent to 3,208 at 7.09 GMT

  • Indonesia shares fell 0.24 percent to 6,305;

  • The Australian ASX 200 added 1.59 percent to 6,546.

Companies, whose capitalization grew due to shares jump on Tuesday: Gold Circuit Elect (+9.68), China Railway Cons (+6.51), Sanan Optoelectron (+6.23), China Communications Construction Co Ltd (+5.49),  Lg Electronics (+5.52), Haitong Secur (+5.17), Anhui Conch Cement (+4.99), Huatai Securities (+4.79), Power Con (+4.69), CITIC Securities (+4.48), Sany Heavy Industry (+4.26), Wanhua Chemical (4.18), Chailease Holding (+4.17), Yaskawa Electric (+3.86), Catcher Technology (+3.84), Lenovo Group (+3.63), Nomura (+3.55), Denki Kagaku Kogyo (+3.47), Hitachi Construction Machinery (+3.13), Aac Technologies (+3.06), Mitsubishi Motors (+2.33), etc.

Some drops in shares value are also to be mentioned: Kangmei Pharma (-4.94), Sinopec (-4.87), E Sun Financial Hldg (+3.48), Fast Retailing (-1.69), etc.


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