Stock Trading In Asia Mixed With Focus On The US-China Trade War

Stock trading in Asia mixed with focus on trade war

Investors are still looking for a direction for stocks on Friday near the end of the Asian session as the focus on the US-China trade war remains.

Where the government of the most populous country appeared reluctant to continue discussions with Treasury Secretary Steve Menuchin and Trade Representative Robert Leitzer without any move that would make a real difference amid an import tariff and an effective ban on Huawei.

Chinese media criticize the United States for "simple tricks"

The government's honesty in Beijing "will not return a positive response" from the United States, according to a commentary in the newspaper Tauran Knots, which accused the other country of "simple tricks" and dishonesty. The entity closely linked to the China Daily Economic Daily warned on Friday that there was "no alternative" but to respond to import duties, the South China Morning Post reported.

The talks with US Trade Representative Robert Leitzer and Treasury Secretary Steve Menuchin collapsed last week. "Some seem to think that the most populous country is weak and intimidating," the article says. The unnamed author said China was determined to defend itself with regard to bilateral negotiations on trade and intellectual property protection, and that the alleged discussions would be preferred to be suspended in the wake of unfriendly moves on the other side.

The State Media Foundation confirmed that it would be "futile" for Menuchin to come if there was no "real concrete action" towards a comprehensive agreement.

Asian stocks trading

  • The Nikkei 225 rose 0.97% at 8:01 am CET.
  • . The Sang-Sang Index lost 1.09% in Hong Kong at the same time.
  • Shanghai Composite Index fell 1.94%
  • At the same time, the Shenzhen Composite Index fell 2.58%.
  • South Korea's Kospi rose 1.51%.
  • The Australian S & P / ASX 200 rose earlier by 0.59% for the day.

 The dollar rose 0.22% at 8:15 am CET, where it bought 109.6025 yen, and rose 0.16% to 6.93939 yuan abroad

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