In Asia, shares were mixed in Thursday afternoon trade after the U.S. took aim at Huawei again, with President Donald Trump declaring a national emergency over threats against U.S. technology. The move, done via executive order, is expected to precede a ban on American firms dealing with the Chinese telecommunications company.
Mainland Chinese and Hong Kong shares recovered from an early slip to trade slightly higher in the afternoon, while stocks in Japan and South Korea finished in the red. Stateside, investors will be monitoring a volatile market environment after stocks rose Wednesday following the announcement of the delay to auto tariffs. This came after a market sell-off Monday as the trade war between the world's largest economies gathered pace.
Meanwhile, the European Commission is working on its biggest regulatory push on banking since the 2008 financial crisis, which could curb Britain's access following its departure from the bloc, Reuters reported. In corporate news, Italy's Generali is set to report first-quarter earnings, along with insurer NN Group, travel agency Thomas Cook and ailing football club Manchester United.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets Right Now: Stocks sink as trade war escalatesNEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are plunging at the open on Wall Street Monday after China announced retaliatory... JUST IN: Sarah Sanders says “Trump never met Dow Jones. Dow Jones never worked for Trump and if he did, he was just a low level coffee boy who occasionally went on McDonald's runs for Trump.” *between Trump and the American people. Fixed it for ya I hope when theres a Dem president again we can unilaterally crash the fossil fuel and coal markets in this country to subsidize electric vehicles wind turbines and solar panels...
Source: AP - 🏆 728. / 51 Read more »
U.S. stocks suffer big across-the-board losses as trade war escalatesWall Street recoiled Monday as Beijing promised to impose steep tariffs on $60 billion in U.S. goods. The Standard & Poor’s 500 index also was off significantly at the opening bell. Make it in a,Erica, hire Americans F China. I don't care Down 600 points - and it's only Monday. How's that republican Pres workin for ya now?
Source: washingtonpost - 🏆 95. / 72 Read more »
Escalating US-China trade war sends stocks plungingThe Dow Jones Industrial Average plunged more than 500 points Monday as investors sought shelter from an escalating trade war between the U.S. and China. The Dow and S&P 500 index each fell... GotBitcoin ? That might all be true but you know what? No collusion no collusion and no obstruction. Well maybe. Donald Trump just raised taxes on the average American. Period. And the Republicans in Congress have done nothing to stop this tax increase. Period. When are they going to fix this? Why aren’t they baying at the moon about this tax increase?
Source: AP - 🏆 728. / 51 Read more »