Forex Marketz Daily Forex News – Fully Markets Update
Asian traders were cautious on Thursday as the headline equity indices were broadly mixed by the afternoon. Asian traders are cautiously optimistic regarding recent trade commentary from the U.S. President that indicates that the trade war with China might end soon.
In Japan, the Nikkei 225 was up 0.22 percent. Shares of robot manufacturer Fanuc gained 2.8 percent. In Tokyo, the Topix index added 0.44 percent.
One Wednesday, President Donald Trump announced that an agreement had been reached with Tokyo on an initial trade accord.
In South Korea, the Kospi composite gained 0.33 percent. Shares of SK Hynix rained 1.8 percent. Elsewhere in the Asian and Pacific Rim, the Australian ASX 200 was down 0.42 percent by the afternoon.
On the Chinese mainland, the headline indices were lower. The Shanghai composite surrendered 0.73 percent. The smaller Shenzhen composite lost 2.31 percent and the Shenzhen component fell 1.9 percent.
In Hong Kong, the benchmark Hang Seng index added 0.16 percent as shares of index heavyweight Tencent rose 0.67 percent.
Asian traders Digest Trade Commentary and Iranian Tensions in the ME
On Wednesday, U.S. President Donald Trump said that the trade war with China could come to an end “sooner than you think.” This trade spat is nearly 15 months long now.
On Tuesday, President Trump told the United Nations General Assembly that he was not very happy with China’s unfair trade practices. He said that he would not accept a “bad deal.”
The U.S. President also commented that he sees a road to possible peace with Iran. This comes as a surprise considering his hawkish comments after the September 14 attack on Saudi Arabian oil refiners and infrastructure. Saudi Arabia, the United States and the euro area have all blamed Iran for that attack.
