Asian stocks mixed after US, China impose new tariff hikes

  • 📰 trtworld
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

South Africa News News

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

Asian stocks mixed but mostly down as US-China tariffs on goods worth hundreds of billions of dollars take effect

An investor looks at the stock price monitor at a private securities company in Shanghai, China, Thursday, November 8, 2012.

The Shanghai Composite Index gained 1% to 2,916.37 and Hong Kong's Hang Seng lost 0.6% to 25,580.16. Tokyo's Nikkei 225 shed 0.3% to 20,633.92. The United States is pressing China to narrow its trade surplus and roll back plans for government-led creation of global competitors in robotics and other industries. Its trading partners say those violate its free-trade obligations and are based on stealing or pressuring companies to hand over technology.

On Wall Street, stocks ended little changed Friday after a listless day of trading ahead of a holiday weekend.Financial, industrial and health care stocks were among the big winners. Those sectors outweighed losses in consumer goods makers and communication services stocks. Shares in companies that rely on consumer spending also fell.

Chinese exporters are struggling in the face of US tariff hikes. Beijing has propped up economic growth by boosting government spending on construction.

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:

 /  🏆 101. in ZA
 

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

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

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks mixed after US, Chinese tariff hikesBEIJING (AP) — Asian stocks were mixed Monday after Washington and Beijing escalated their trade war with new tariff hikes. Shanghai advanced while Tokyo and Hong Kong declined. South... want to visit Shanghai
Source: AP - 🏆 728. / 51 Read more »