Market Talk – Wednesday, September 11


Finally, some positive news from the US and China trade war as China announced they will exempt 16 categories of products from US tariffs today ahead of the meeting early next month. The two main categories of products were seafood and medicines related to cancer, perhaps looking at these products as more of a case to help China rather than loosen the tension.

After the meeting yesterday with German Foreign minister and Hong Kong activist Joshua Wong, China announced they have “sufficient proof” of foreign intervention in Hong Kong. In addition, China has now recalled the German ambassador in retaliation of the meeting which took place. “What happened now, I, unfortunately, have to say, will have negative consequences on bilateral relations and the Chinese side has to react,” said the German ambassador Wu Ken.

The UN secretary-general has asked for India and Pakistan to resolve the issues through dialogue and to try to stop the rising tensions of Kashmir. India today tested a portable anti-tank guided missile system, which is said to be the start of the art, in perhaps a show to Pakistan.

The major Asian stock markets had a mixed day today:

  • Shanghai decreased 12.39 points or -0.41% to 3,008.81
  • Kospi increased 17.12 points or 0.84% to 2049.20
  • ASX 200 increased 23.90 points or 0.36% to 6,638.00
  • NIKKEI 225 increased 205.66 points or 0.96% to 21,597.76
  • Hang Seng increased 475.38 points or 1.78% to 27,159.06
  • SENSEX increased 125.37 points or 0.34% to 37,270.82

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.0002 or 0.03% to 0.6861
  • NZDUSD decreased 0.0012 or 0.18% to 0.6412
  • USDJPY increased 0.2540 or 0.24% to 107.7840
  • USDCNY increased 0.0001 or 0.00% to 7.1091

Precious Metals:

  • Gold increased 12.15 USD/t oz. or 0.82% to 1,495.69
  • Silver increased 0.12 USD/t. oz or 0.67%% to 18.1639

Some economic news from last night:


  • Westpac Consumer Sentiment (Sep) decreased from 3.6% to -1.7%
1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.