Asian stocks mixed amid China tension with U.S., Australia

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 99%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Asian stock markets were mixed Thursday after Wall Street rose despite trade tensions between China and Washington and Australia.

Investors were looking ahead to Friday's meeting of China's legislature for details of possible new steps by Beijing to stimulate its virus-battered economy.

China has blocked beef imports from four Australian suppliers in possible retaliation for Australia's support for an investigation into the origin of the coronavirus pandemic. Meanwhile, the Trump administration has stepped up a feud over Beijing's industrial ambitions by tightening controls on use of U.S. technology by tech giant Huawei.

The Kospi in Seoul gained 0.5% to 1,999.69 and Australia's S&P-ASX 200 was off under 0.1% at 5,569.70. New Zealand was off 0.3% and Singapore was up less than 0.1%. The Dow Jones Industrial Average rose 1.5% to 24,575.90. The Nasdaq composite, which is heavily weighted with technology stocks, climbed 2.1% to 9,375.78.U.S. stocks have been spurred higher by hopes for a potential vaccine and optimism the economy will recover in the second half as businesses reopen and stay-at-home orders are relaxed.

Forecasters expect Beijing to channel extra money into job-creation efforts to head off a surge in unemployment and put money in consumers' pockets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JustinTrudeau is in bed with 'who' and china and willing to lie and tries to save them

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSÄ°NESS

Business Business Latest News, Business Business 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 virus worries counter recovery hopesAsian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. Boo fucking hoo. May Asia crash and burn like it deserves.
Source: CTVNews - 🏆 1. / 99 Read more »