China stocks gain on trade war hopes
11/2/2018, 6:42:02 AMIt follows possible signs of progress on resolving a bitter trade battle between the US and China. ✔ Skip Twitter post by @realDonaldTrump Just had a long and very good conversation with President Xi Jinping of China ✔ Separately, the South China Morning Post - also citing unnamed sources - reported that Mr Trump had offered to host a dinner for the Chinese president after the G20 summit
Japan carmakers’ weapon in trade war: Flexible factories
11/2/2018, 4:14:28 AMSMYRNA, Tennessee--At points along the assembly line at Nissan Motor Co.’s largest U.S. factory, wor ✔ ‘PEOPLE ARE MORE FLEXIBLE’ Using one assembly line to build a variety of different body styles requires careful coordination that starts with the engineers who design the vehicles, and extends to the construction of the tools used to weld and assemble them
Wine industry could be next victim of US, China trade war
11/2/2018, 4:42:35 AMIn April, taxes on U.S. wines sold in China rose nearly 20 percentage points to 66 percent from 48.2 percent. ✔ Chile and New Zealand already struck free-trade deals with Beijing ✔ Although Chinese demand for wine has been steadily growing – U.S. wine exports to China and Hong Kong have climbed by 450 percent in the past decade – American wine exports to China fell more than 4 percent in January through August, compared with the prior year ✔ On Thursday, President Trump said in a tweet that he had a long and very good conversation with Chinese President Xi Jinping with a heavy emphasis on trade
Asia stocks jump on hopes of a deal in the US-China trade war
11/2/2018, 6:45:31 AMAsian stocks surged Friday on optimism about a potential ceasefire in the trade war between the United States and China. ✔ MUST WATCH Hong Kong (CNN Business)Asian stocks surged Friday on optimism about a potential ceasefire in the trade war between the United States and China ✔ Trump later posted on Twitter that talks were moving along nicely ✔ Read More China's beaten down currency, the yuan, also rose almost 0.3% against the dollar amid the buoyant mood
Trump has reportedly asked officials to draft a possible trade deal with China
11/2/2018, 5:40:05 AMU.S. President Donald Trump has asked key officials in his administration to start drafting the terms of a possible trade deal with China, Bloomberg reported, citing four unnamed sources familiar with the matter. ✔ A major remaining issue is intellectual property theft by Chinese companies, one of the sources told Bloomberg, which reported that multiple agencies are involved in the effort ✔ He added that those discussions are moving along nicely ahead of planned face-to-face meetings at the G-20 summit in Argentina later this month ✔ Read more about the new U.S.-China trade war development on Bloomberg
Global shares rally, dollar eases as Trump report fans U.S.-China...
11/2/2018, 7:27:50 AMAsian shares rocketed to three-week highs on Friday while the dollar softened on... ✔ On Thursday, the Dow Jones Industrial Average and the S&P 500 each gained 1.06 percent while the Nasdaq Composite rallied 1.75 percent.[.N] A combination of bargain-hunting following steep losses in equities last month and some strong corporate earnings have helped power Wall Street’s bounce
Shares soar as Trump hints at possible US-China trade deal
11/2/2018, 6:28:15 AMThe president’s positive remarks about a call with Xi Jinping, and a report that he has asked officials to draw up terms, lift battered markets ✔ There was a also a strong gain of 3% for the export-oriented Kospi index in South Korea ✔ While we are still cautious over a full resolution of recent tensions in the medium term, resumption of dialogue between Washington and Beijing would be good enough to investors for now, he told Bloomberg
China equities jump on sign of thaw Trump-Xi relations
11/2/2018, 5:10:40 AMundefined ✔ Tencent’s resurgence has helped put the Hang Seng index on course for its best week since February this year, as the index is poised to post a weekly gain of more than 5 per cent ✔ Sue Trinh, head of Asia FX strategy at Royal Bank of Canada, said Mr Trump’s comments came as the US justice department is stepping up actions against China in cases of suspected economic espionage
Bond funds hit by biggest monthly withdrawals in almost 3 years
11/2/2018, 5:10:54 AMundefined ✔ Within the broad bond fund category, US bond funds suffered net outflows of more than $13bn, while political and economic uncertainty helped to drive $9bn from Europe-focused funds ✔ The rolling global market rout of October sent ETF trading volumes spiralling higher, with just US ETF volumes averaging more than $11bn a day last month, according to BlackRock
Yen falls, Australian dollar gains as U.S.-China trade angst eases
11/2/2018, 6:12:21 AMThe safe haven yen slipped and the Australian dollar extended its rally on Frida... ✔ Long-term U.S. yields have established a firm foothold above 3 percent, providing a strong backdrop for the dollar, said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo ✔ And if the jobs report proves to be robust, we could see the dollar bounce back from recent losses and resume its rise ✔ Our Standards:The Thomson Reuters Trust Principles
Asian shares jump, yuan firms as Trump report fuels hopes of...
11/2/2018, 5:58:37 AMAsian shares jumped to three-week highs on Friday and U.S. equity futures reboun... ✔ REUTERS/Beawiharta MSCI’s broadest index of Asia-Pacific shares outside Japan extended morning gains and was up 2.5 percent by early afternoon at its highest level since Oct. 10 ✔ Hon Hai Precision Industry Co gained 1.3 percent, and Taiwan Semiconductor Manufacturing Co added 0.2 percent ✔ Tech rival Samsung Electronics Co Ltd also rallied, rising 3.2 percent ✔ Our Standards:The Thomson Reuters Trust Principles
Trump and China's Xi Jinping have led their nations into a dark new era of strategic competition — and no one on either side knows where the lights are
11/2/2018, 6:48:53 AMFormer Australian prime minister Kevin Rudd says the US and China are headed for conflict. ✔ China was delighted when Trump took took shots at US-led global institutions, which allowed Beijing to make its own unilateral moves ✔ We talked about many subjects, with a heavy emphasis on Trade, Trump wrote ✔ Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina ✔ So, its time to wake up and smell the communism, Kevin
China’s muted stimulus dents hope of jolt to global markets
11/2/2018, 4:11:06 AMundefined ✔ The watchdog promised to enhance market liquidity, but the phrase appeared to refer to reducing trading restrictions rather than a commitment to deploy public funds ✔ Last time the government directly injected funds into the stock market ✔ Additional reporting by Yizhen Jia in Shanghai
Samsung and Huawei locked in mobile industry's prize fight
11/2/2018, 7:28:02 AMBattle of smartphone giants will be fought with foldable technology ✔ Samsung has a lot of hardcore technologies such as memory chips and displays, said one Huawei engineer ✔ It is still far too early to tell who will emerge triumphant from this latest battle ✔ Randy Abrams, an analyst at Credit Suisse, believes that both Asian companies want to innovate and both have the capability to win
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