https://www.scmp.com/rss/500725/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com It is an uncertain spring, to paraphrase Virginia Woolf, but on Thursday, the last day of April, Asian stocks can be expected to rise, after US equities advanced overnight on signs of progress on a treatment for Covid-19, the disease caused by the novel coronavirus, as well as earnings optimism. The Hong Kong market is shut for a public holiday.   Nasdaq futures rose after results from Microsoft, Facebook and Tesla lifted sentiment. The S&P 500 Index earlier gained more than 2.5 per cent to... https://www.scmp.com/business/markets/article/3082235/china-stocks-expected-track-overnight-gains-us-equities?utm_source=rss_feed https://www.scmp.com/business/markets/article/3082235/china-stocks-expected-track-overnight-gains-us-equities?utm_source=rss_feed Thu, 30 Apr 2020 01:16:54 +0000 The mainland Chinese markets are shut on Friday for the Lunar New Year holiday and will resume trading on January 31 now, a break that might prove to be the only respite for stocks amid a growing coronavirus outbreak. The numbers are rising – 25 dead, but 679 cases of infection and eight cities under lockdown – but the outbreak has not yet been classified as a global health emergency by the WHO.   The Hong Kong market, which fell below the psychologically important support level of 28,000 points... https://www.scmp.com/business/markets/article/3047466/hong-kong-stocks-open-lower-wuhan-coronavirus-outbreak?utm_source=rss_feed https://www.scmp.com/business/markets/article/3047466/hong-kong-stocks-open-lower-wuhan-coronavirus-outbreak?utm_source=rss_feed Fri, 24 Jan 2020 01:05:33 +0000 A day is a long time in the life of an outbreak. On Wednesday, investors buying the Wuhan coronavirus-led dip pushed up both the Hong Kong and mainland China markets. But, as of Thursday morning, the death toll has mounted to 17 on the mainland, and Hong Kong has reported two cases of the Sars-like viral infection.   Wuhan, at the epicentre of the outbreak, has moved to shut down all external links, restricting travel to and from the city, but it remains to be seen whether the coronavirus and... https://www.scmp.com/business/markets/article/3047273/hong-kong-china-stocks-expected-open-lower-wuhan-virus-spreads?utm_source=rss_feed https://www.scmp.com/business/markets/article/3047273/hong-kong-china-stocks-expected-open-lower-wuhan-virus-spreads?utm_source=rss_feed Thu, 23 Jan 2020 01:08:15 +0000 What had promised to be a quiet week shortened by the biggest holiday in mainland China and Hong Kong markets has been sparked into life, ironically enough, by the outbreak of an illness that has already proven to be deadly. With more than 300 cases and six deaths confirmed in China, and first cases being reported in Taiwan as well as the United States, the new coronavirus originating in the central Chinese city of Wuhan promises to upend the apple cart.   On Tuesday, a swathe of sectors were... https://www.scmp.com/business/markets/article/3047094/hong-kong-china-stocks-set-open-mixed-after-virus-outbreak-prompts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3047094/hong-kong-china-stocks-set-open-mixed-after-virus-outbreak-prompts?utm_source=rss_feed Wed, 22 Jan 2020 01:13:49 +0000 Good morning from a gloomy Hong Kong, where the day’s agenda looks set to be dominated by news of the human-to-human spread in mainland China of the Wuhan pneumonia coronavirus. Trading in Hong Kong was already subdued on Monday, with stocks lacking momentum post the US-China phase one trade deal. The mainland markets, ironically, posted a strong start to a week shortened by the Lunar New Year holiday, which starts on Friday. The American markets were shut for Martin Luther King Jr Day on... https://www.scmp.com/business/markets/article/3046932/hong-kong-china-stocks-expected-open-flat-wuhan-flu-dominates-news?utm_source=rss_feed https://www.scmp.com/business/markets/article/3046932/hong-kong-china-stocks-expected-open-flat-wuhan-flu-dominates-news?utm_source=rss_feed Tue, 21 Jan 2020 01:06:59 +0000 As the Hong Kong and mainland China markets enter the home stretch leading up to the Lunar New Year holiday starting this week, some of themes we will keep an eye on include the flu outbreak in Wuhan, the ongoing protests in Hong Kong and whether stocks can hold on to their strong start to 2020.   Meanwhile, the phase one deal between Washington and Beijing – signed, sealed and priced in – might recede in significance and not play a big determining role, but never say never.    The Shanghai and... https://www.scmp.com/business/markets/article/3046770/can-hong-kong-china-stocks-hold-strong-start-2020?utm_source=rss_feed https://www.scmp.com/business/markets/article/3046770/can-hong-kong-china-stocks-hold-strong-start-2020?utm_source=rss_feed Mon, 20 Jan 2020 01:04:47 +0000 We’re not out of the woods yet. On Thursday, Hong Kong stocks posted their biggest gain in four weeks, and the Chinese market rose too, on a growing global consensus that Iran and the United States might to not engage in a full-blown war. But the return of an appetite for risk will be tested by news that Tehran might have shot down a Ukrainian jetliner with 176 people on board leaving its own international airport.   Closer to home, the phase one deal between Beijing and Washington will continue... https://www.scmp.com/business/markets/article/3045464/hong-kong-china-stocks-rise-after-sp-500-hits-fresh-record?utm_source=rss_feed https://www.scmp.com/business/markets/article/3045464/hong-kong-china-stocks-rise-after-sp-500-hits-fresh-record?utm_source=rss_feed Fri, 10 Jan 2020 01:17:44 +0000 The Hong Kong and mainland China markets are – once again – expected to see-saw between optimism over a trade deal between Beijing and Washington and caution about what looks like Iran and the US walking back from an all-out armed conflict in the Middle East. With US equities moving higher overnight, stocks here are also expected to follow suit, with optimism triumphing over caution for the time being. Domestically, the inflation number for December, expected on Thursday morning, could still... https://www.scmp.com/business/markets/article/3045278/hong-kong-china-stocks-expected-follow-us-equities-higher?utm_source=rss_feed https://www.scmp.com/business/markets/article/3045278/hong-kong-china-stocks-expected-follow-us-equities-higher?utm_source=rss_feed Thu, 09 Jan 2020 01:07:33 +0000 Simmering tensions in the Middle East seem to have slipped off radars in Hong Kong and China, with traders’ focus shifting to a trade deal between Washington and Beijing being signed as early as next week. But after Iran launched missiles on a US airbase in Iraq, don’t expect them to be out of sight for long. The markets in mainland China and Hong Kong  are expected to open mixed after US stocks fell overnight, and Wednesday is likely to see-saw between optimism about the trade deal and caution... https://www.scmp.com/business/markets/article/3045104/hong-kong-china-stocks-expected-open-mixed-amid-middle-east?utm_source=rss_feed https://www.scmp.com/business/markets/article/3045104/hong-kong-china-stocks-expected-open-mixed-amid-middle-east?utm_source=rss_feed Wed, 08 Jan 2020 01:13:08 +0000 Hong Kong, China stocks are expected to rebound on Tuesday after the S&P 500 rose overnight, for the third time in four sessions, as technology companies led a comeback. But tensions between Washington and Tehran will continue to check momentum as caution prevails.   The local markets are expected to retrain their focus to the phase one deal, which the United States and China, the world’s two largest economies, are expected to sign this month. And if you would like the Live Stocks Blog emailed... https://www.scmp.com/business/markets/article/3044924/hong-kong-china-stocks-expected-follow-rebound-us-markets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3044924/hong-kong-china-stocks-expected-follow-rebound-us-markets?utm_source=rss_feed Tue, 07 Jan 2020 01:04:39 +0000 Well, that was short-lived. The solid start Hong Kong and mainland Chinese stocks made to 2020 is already under pressure, after a US air strike that killed Iran’s top military commander. As a direct result of the geopolitical tensions in the Middle East, oil surged last week and is set for a bumpy week ahead.  Among factors to watch closer to home, we have reported that a Chinese delegation will travel to Washington this month to sign the phase one deal. And if you would like the Live Stocks... https://www.scmp.com/business/markets/article/3044769/hong-kong-china-stocks-set-volatile-start-middle-east-tensions?utm_source=rss_feed https://www.scmp.com/business/markets/article/3044769/hong-kong-china-stocks-set-volatile-start-middle-east-tensions?utm_source=rss_feed Mon, 06 Jan 2020 01:12:05 +0000 It’s here. Bloomberg is reporting US President Donald Trump has signed a “Phase One” trade deal with China, which is bound to push up the Hong Kong and mainland China markets a day after they were boosted by the Federal Reserve’s decision to keep rates unchanged. Moreover, optimism around the trade deal pushed American equities to records overnight, and Asian stocks are expected to follow them and rise.   The deal also averts the introduction on Sunday of a new wave of tariffs on about US$160... https://www.scmp.com/business/markets/article/3041909/hong-kong-china-stocks-set-strong-start-reports-trade-deal?utm_source=rss_feed https://www.scmp.com/business/markets/article/3041909/hong-kong-china-stocks-set-strong-start-reports-trade-deal?utm_source=rss_feed Fri, 13 Dec 2019 01:24:02 +0000 The Hong Kong and mainland Chinese markets are expected to open with small gains on Thursday, as the wait for a trade deal between the United States and China goes on. An added factor to watch this morning is the US Federal Reserve’s decision to hold off on interest rate changes for the whole of 2020.  The Hong Kong dollar is pegged to the US dollar, and the city’s monetary authority, the de facto central bank, must remain in lockstep with the US Fed. The Fed’s decision could have repercussions... https://www.scmp.com/business/markets/article/3041723/hong-kong-china-stocks-set-positive-open-after-wall-st-gains-fed?utm_source=rss_feed https://www.scmp.com/business/markets/article/3041723/hong-kong-china-stocks-set-positive-open-after-wall-st-gains-fed?utm_source=rss_feed Thu, 12 Dec 2019 01:21:21 +0000 It promises to be another day of muted activity in the Hong Kong and mainland China equity markets, as eyes once again turn to US-China trade negotiations. Sunday, December 15, is the key date, and it seems more likely that Washington will hold back from imposing extra tariffs on another US$160 billion of Chinese goods.  Closer to home, media reports about a Chinese city relaxing some of its property pricing curbs are also likely to draw some interest, as the industry – critical to China’s... https://www.scmp.com/business/markets/article/3041540/hong-kong-china-markets-poised-muted-open-wait-trade-deal-goes?utm_source=rss_feed https://www.scmp.com/business/markets/article/3041540/hong-kong-china-markets-poised-muted-open-wait-trade-deal-goes?utm_source=rss_feed Wed, 11 Dec 2019 01:24:01 +0000 As we move closer to a deadline for new US tariffs on Chinese goods, it promises to be another day of wait-and-see in the Hong Kong and China markets. Even though Bloomberg has reported US Agriculture Secretary Sonny Perdue as saying Washington was unlikely to impose extra tariffs on another US$160 billion of Chinese goods on December 15, the prevailing sentiment of caution is not expected to lift any time soon.   On the domestic front, all eyes will be on the trading debut of Postal Savings... https://www.scmp.com/business/markets/article/3041350/hong-kong-china-stocks-open-lower-markets-assess-trade-deal?utm_source=rss_feed https://www.scmp.com/business/markets/article/3041350/hong-kong-china-stocks-open-lower-markets-assess-trade-deal?utm_source=rss_feed Tue, 10 Dec 2019 01:17:23 +0000 The looming December 15 deadline for a trade deal between the United States and China could limit any upside in Hong Kong and China stocks, with no specific plan yet in place. US equities rallied on Friday on better-than-expected jobs data, but last week was a bit of a roller-coaster for stocks amid conflicting signs on progress in negotiations between the world’s two largest economies. Central banks will also be in the spotlight this week, with policy meetings at the Federal Reserve and the... https://www.scmp.com/business/markets/article/3041183/hong-kong-china-stocks-set-open-higher-after-solid-gains-wall?utm_source=rss_feed https://www.scmp.com/business/markets/article/3041183/hong-kong-china-stocks-set-open-higher-after-solid-gains-wall?utm_source=rss_feed Mon, 09 Dec 2019 01:19:20 +0000 Will poor US economic data drive the Hong Kong stocks market on Friday, or will it be local concerns, such as the introduction of a face mask ban in the protest-hit special administrative region, that determine which way the markets go? Add to the mix the prospect of an interest-rate cut by the US Federal Reserve towards the end of October, and we might have ourselves a roller-coaster ride. Hang with us, Xie Yu and Azar Zaidi in Hong Kong, as we follow all the day’s developments. The mainland... https://www.scmp.com/business/markets/article/3031500/stocks-blog-hong-kong-market-expected-open-higher?utm_source=rss_feed https://www.scmp.com/business/markets/article/3031500/stocks-blog-hong-kong-market-expected-open-higher?utm_source=rss_feed Fri, 04 Oct 2019 01:10:15 +0000 The narrative of an impending global slowdown amid poor US data, as well as the fallout from National Day violence in Hong Kong, are expected to dominate the markets on Thursday. US equities fell overnight after American employment data – coming a day after poor factory data – too fell below expectations. Monthly jobs data coming out on Friday could set the tone as far as rate cut expectations are concerned. Mainland Chinese markets remain shut for “golden week” and will resume trading on... https://www.scmp.com/business/markets/article/3031346/stocks-blog-will-global-slowdown-fears-protests-weigh-hong-kong?utm_source=rss_feed https://www.scmp.com/business/markets/article/3031346/stocks-blog-will-global-slowdown-fears-protests-weigh-hong-kong?utm_source=rss_feed Thu, 03 Oct 2019 01:02:52 +0000 The global economy is expected to be in focus in Asia on Wednesday following weak US manufacturing data overnight. The data comes on the heels of disappointing figures from Europe earlier this week. The US will remain in focus this week, with attention now turning to the ADP employment report due on Wednesday and the monthly jobs report on Friday. Moreover, slowing growth globally, coupled with the US-China trade war, has sparked yet more speculation about US Federal Reserve interest rate cuts... https://www.scmp.com/business/markets/article/3031177/stocks-blog-week-us-factory-data-expected-weigh-stocks?utm_source=rss_feed https://www.scmp.com/business/markets/article/3031177/stocks-blog-week-us-factory-data-expected-weigh-stocks?utm_source=rss_feed Wed, 02 Oct 2019 01:11:05 +0000 The US-China trade war is expected to determine how markets in Hong Kong and mainland China kick off the week once again, before mainland markets go on holiday between October 1-7.  Overnight, Nasdaq was cracking down on initial public offerings by small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers, amid calls to de-list Chinese companies.  Additionally, Hong Kong will be braced for any... https://www.scmp.com/business/markets/article/3030878/stocks-blog-stocks-expected-start-week-cautious-note?utm_source=rss_feed https://www.scmp.com/business/markets/article/3030878/stocks-blog-stocks-expected-start-week-cautious-note?utm_source=rss_feed Mon, 30 Sep 2019 01:11:27 +0000 Stay with us, Xie Yu and Azar Zaidi in Hong Kong, as we follow the day’s developments in markets in the special administrative region and the mainland.  If you would like to get the stocks blog via email each morning, shoot Deb Price a message at deb.price@scmp.com https://www.scmp.com/business/markets/article/3030223/stocks-blog-hong-kong-china-stocks-follow-us-equities-south?utm_source=rss_feed https://www.scmp.com/business/markets/article/3030223/stocks-blog-hong-kong-china-stocks-follow-us-equities-south?utm_source=rss_feed Wed, 25 Sep 2019 01:06:10 +0000 Consumer stocks boosted markets in Hong Kong and mainland China on Friday, while an assisting cast of property stocks and flag-carrier Cathay Pacific provided some heft in the special administrative region.  Full report by Louise Moon and Azar Zaidi in Hong Kong. https://www.scmp.com/business/markets/article/3023028/stocks-blog-asia-stocks-expected-follow-us-peers-open-mixed?utm_source=rss_feed https://www.scmp.com/business/markets/article/3023028/stocks-blog-asia-stocks-expected-follow-us-peers-open-mixed?utm_source=rss_feed Fri, 16 Aug 2019 01:26:53 +0000 Well, that did not last long. A cheer brought on by a delay in tariffs on about US$300 billion worth of Chinese goods has proved to be short-lived. US equities tanked as much as 3 per cent overnight, spooking investors. And as chances of a recession build up, will Asia join the party? China and Germany released weak economic data on Wednesday, while the world’s largest gaming company, Tencent Holdings, posted disappointing results. Meanwhile, protests continue in Hong Kong for a 11th consecutive... https://www.scmp.com/business/markets/article/3022856/stocks-blog-will-hong-kong-mainland-china-join-recession-party?utm_source=rss_feed https://www.scmp.com/business/markets/article/3022856/stocks-blog-will-hong-kong-mainland-china-join-recession-party?utm_source=rss_feed Thu, 15 Aug 2019 01:23:42 +0000 It is not every day that US President Donald Trump lightens the mood. But amid the gloom that has descended on Hong Kong amid an escalation in protests, a delay in tariffs on some items until December 15 announced overnight could be welcomed – even embraced – by some sections of the markets. It should not come as a surprise that US markets all closed higher overnight. The S&P 500 rose 1.48 per cent, the Nasdaq was up 1.95 per cent and the Dow Jones Industrial Average gained 1.48 per cent. The... https://www.scmp.com/business/markets/article/3022683/stocks-blog-markets-expected-rally-trump-delays-tariffs?utm_source=rss_feed https://www.scmp.com/business/markets/article/3022683/stocks-blog-markets-expected-rally-trump-delays-tariffs?utm_source=rss_feed Wed, 14 Aug 2019 01:15:38 +0000 What does Tuesday hold for markets in Hong Kong and mainland China? Monday was supposed to be all about the US-China trade war weighing on sentiment.  But the Hong Kong protests have assumed more importance in the special administrative region, best illustrated by flag-carrier Cathay Pacific moving swiftly to head off potentially being locked out of the lucrative mainland market. And that is before the airport shut down and all hell broke loose. How will the city deal with the fallout on... https://www.scmp.com/business/markets/article/3022524/stocks-blog-asian-stocks-set-follow-declines-us-open-lower?utm_source=rss_feed https://www.scmp.com/business/markets/article/3022524/stocks-blog-asian-stocks-set-follow-declines-us-open-lower?utm_source=rss_feed Tue, 13 Aug 2019 01:07:32 +0000 Market sentiment looks set to be cautious on Monday after a battering last week, following China’s yuan breaching the psychological threshold of 7 against the US dollar, escalating the US-China trade war. On Friday, Chen Yuan, a former deputy governor of the People’s Bank of China, said at a China Finance 40 meeting in Yichun, Heilongjiang province, that the US labelling China a currency manipulator “signifies the trade war is evolving into a financial war and a currency war”. He said... https://www.scmp.com/business/markets/article/3022361/stocks-blog-no-let-trade-war-how-will-markets-react?utm_source=rss_feed https://www.scmp.com/business/markets/article/3022361/stocks-blog-no-let-trade-war-how-will-markets-react?utm_source=rss_feed Mon, 12 Aug 2019 01:17:26 +0000 Trade tensions have reappeared overnight, in US trading hours, and could determine the direction Asian equities take on Friday.  Any comfort derived from stabilisation of the yuan by Beijing could also be short-lived as all eyes will once again shift to the daily reference rate against the US dollar. We – Azar Zaidi in Hong Kong and Zhang Shidong in Shanghai – will stay abreast of all developments through the day. Stay with us as we keep you updated about the bourses in Hong Kong and mainland... https://www.scmp.com/business/markets/article/3022072/stocks-blog-how-will-markets-react-us-china-trade-tensions?utm_source=rss_feed https://www.scmp.com/business/markets/article/3022072/stocks-blog-how-will-markets-react-us-china-trade-tensions?utm_source=rss_feed Fri, 09 Aug 2019 01:04:29 +0000 How will the Asian markets respond to rate cuts in New Zealand, India and Thailand yesterday? The spectre of further escalation in the US-China trade war continues to loom large over corporate boardrooms, while eyes will once again be on China’s yuan fixing rate against the US dollar.  Stay with us, Azar Zaidi in Hong Kong and Zhang Shidong in Shanghai, as we keep an eye on stocks in Hong Kong and mainland China. https://www.scmp.com/business/markets/article/3021893/stocks-blog-how-will-markets-respond-latest-round-monetary-easing?utm_source=rss_feed https://www.scmp.com/business/markets/article/3021893/stocks-blog-how-will-markets-respond-latest-round-monetary-easing?utm_source=rss_feed Thu, 08 Aug 2019 01:00:06 +0000 The markets will be braced for volatility on Wednesday, with Asian equities looking like they are set for a mixed start following an overnight rebound in US stocks. But even as China moves to stabilise the yuan, fuelling hopes that cooler heads will prevail, Hong Kong could be in line for more losses. Join us, Azar Zaidi in Hong Kong and Zhang Shidong in Shanghai, as we track all the day's happenings in the bourses of mainland China and Hong Kong. https://www.scmp.com/business/markets/article/3021727/stocks-blog-cloudy-day-chance-turbulence-ahead?utm_source=rss_feed https://www.scmp.com/business/markets/article/3021727/stocks-blog-cloudy-day-chance-turbulence-ahead?utm_source=rss_feed Wed, 07 Aug 2019 00:55:43 +0000 What a difference a week makes. Last Monday, the markets were in panic mode following tweets by US President Donald Trump that Washington would increase tariffs on US$200 billion dollars worth of Chinese imports from 10 per cent to 25 per cent.  But on Friday, the Shanghai Composite Index – though still 10 per cent off from an April high – added 3.1 per cent for its biggest gain in six weeks.  The tariff increases have come to pass, but a slew of market observers in China seem more confident... https://www.scmp.com/business/markets/article/3009940/stocks-blog-how-will-chinese-market-respond-trade-war-escalation?utm_source=rss_feed https://www.scmp.com/business/markets/article/3009940/stocks-blog-how-will-chinese-market-respond-trade-war-escalation?utm_source=rss_feed Mon, 13 May 2019 01:07:37 +0000 China and Hong Kong stocks have brushed aside an increase in tariffs on Chinese imports worth US$200 billion by the US from 10 per cent to 25 per cent, on expectations a deal will be reached between Washington and Beijing.  Talks between Chinese Vice-Premier Liu He, who is in Washington for two days of talks, and US officials, including Robert Lighthizer, the country’s top negotiator, and Treasury Secretary Steven Mnuchin, will resume on Friday morning EDT. On Thursday, US President Donald Trump... https://www.scmp.com/business/markets/article/3009626/stocks-blog-sentiment-fragile-fresh-tariffs-loom?utm_source=rss_feed https://www.scmp.com/business/markets/article/3009626/stocks-blog-sentiment-fragile-fresh-tariffs-loom?utm_source=rss_feed Fri, 10 May 2019 01:09:58 +0000 It has been a rough, volatile week for markets globally, which woke up on Monday to US President Donald Trump’s tweets about raising tariffs on Chinese imports to America.  And this volatility is set to continue on Thursday after another night of mixed signals, where Trump expressed his optimism over a trade deal, but Beijing signalled it would retaliate if the White House follows through with its tariff threat.  Moreover, overnight, the US Trade Representative’s office took a formal step... https://www.scmp.com/business/markets/article/3009451/stock-blog-mixed-signals-out-washington-beijing-add-volatility?utm_source=rss_feed https://www.scmp.com/business/markets/article/3009451/stock-blog-mixed-signals-out-washington-beijing-add-volatility?utm_source=rss_feed Thu, 09 May 2019 01:06:00 +0000 US President Donald Trump’s threat to increase tariffs on Chinese imports continues to send shock waves across global financial markets, sinking stocks in the US and Europe overnight. US stocks dropped by the most since March and equities in Europe closed at their lowest in five weeks. We expect a bumpy day in Asian trading on Wednesday. The key things on traders’ radars will be China’s April data on imports and exports and blue-chip liquor maker Kweichow Moutai, which received an inquiry letter... https://www.scmp.com/business/markets/article/3009282/stock-blog-china-hong-kong-stocks-follow-us-equities-south?utm_source=rss_feed https://www.scmp.com/business/markets/article/3009282/stock-blog-china-hong-kong-stocks-follow-us-equities-south?utm_source=rss_feed Wed, 08 May 2019 01:25:38 +0000 The Chinese stocks market is braced for another roller-coaster following overnight comments by US President Donald Trumps’ top trade negotiator, Robert Lighthizer, accusing Beijing of back-pedalling on commitments made during trade negotiations between two of the world’s biggest economies. Trade talks will, however, continue, with a Chinese delegation in Washington on Thursday and Friday, Lighthizer said on Monday. Both sides have reasons to keep talking, even if the prospects of a short-term... https://www.scmp.com/business/markets/article/3009110/stocks-blog-its-return-trade-war?utm_source=rss_feed https://www.scmp.com/business/markets/article/3009110/stocks-blog-its-return-trade-war?utm_source=rss_feed Tue, 07 May 2019 01:19:48 +0000 In a surprise move, US President Donald Trump said he would raise tariffs on US$200 billion worth of Chinese goods because trade negotiations with China are moving too slowly. Markets across the world plunged on the announcement. US stock futures tumbled, with S&P 500 e-minis down 1.9 per cent in latest trading. The offshore yuan weakened as much as 1.2 per cent against the US dollar to a four-month low in morning trading. China is considering cancelling a planned Washington trip this week by... https://www.scmp.com/business/markets/article/3008947/stocks-blog-chinese-markets-braced-after-overnight-trump-tariff?utm_source=rss_feed https://www.scmp.com/business/markets/article/3008947/stocks-blog-chinese-markets-braced-after-overnight-trump-tariff?utm_source=rss_feed Mon, 06 May 2019 01:04:34 +0000