Forex Marketz Daily Forex News – Fully Markets Update
Asian markets, during today’s trade session, mostly saw some gains as traders took a temporary breather from mounting trade tensions between the United States and China.
The Asian benchmark, in Japan, the Nikkei 225, was mostly flat as the index recovered from early losses. Shares of index blue chip and robotics company, Fanuc, also reversed losses to trade marginally higher. The broader Topix index, in Tokyo, was trading lower as shares lost 0.14 percent
In Seoul, South Korea, the benchmark Kospi composite index added 0.85 percent. In corporate news, shares of Samsung Electronics gained four percent after news that Google will be suspending business activity with China’s Huawei.
Elsewhere in the Asian and Pacific Rim, the Australian S&P ASX 200 was up a fraction.
In China, on the mainland, the equity indices were up by the afternoon. The the Shanghai composite was up 1.5 percent The smaller Shenzhen composite added 1.91 percent and the Shenzhen component was up 2.14%.
In Hong Kong, the Hang Seng index rose a fraction.
Asian Traders Digest and Worry about the ongoing Trade war Between China and the US
Overnight, the parent company of Google, Alphabet, suspended business with Huawei. This will include transferring hardware, software and other technical services.
This decision follows the U.S. administration decision that added Huawei to a list that required U.S. companies that will now need a license to do business with the Chinese telecommunications giant. Other companies like Intel, Qualcomm and Broadcom will also no longer supply Huawei with technology.
