Asia stocks set to trade lower as U.S.-China tech tensions rise; Chinese August trade data expected

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Investors will watch shares of Semiconductor Manufacturing International Corporation (SMIC), China's largest manufacturer of semiconductors, after a Defense Department spokesperson said the Trump administration is considering imposing export restrictions on the firm.

Investors will watch shares of Semiconductor Manufacturing International Corporation , China's largest manufacturer of semiconductors.

U.S. President Donald Trump's administration is considering imposing export restrictions on SMIC, according to a Defense Department spokesperson. On the economic data front, China's trade data for August is expected to be released at around 11:00 a.m. HK/SIN on Monday. SINGAPORE — Asia markets were set to trade lower at the Monday open as tech tensions between Washington and Beijing escalate.

Futures pointed to a lower open for stocks in Japan, with the Nikkei futures contract in Osaka at 23,200. That compared against theShares in Australia were also poised to dip, with the SPI futures contract at 5,875.0, as compared to the

 

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

Should be a certain percentage lapsed over a decade

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:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines