Forex Marketz Daily Forex News – Fully Markets Update
This morning Asian markets were mostly higher. Regional traders in the Asian and Pacific Rim are waiting on news surrounding ongoing trade talks between the United States and China. There are also concerns regarding renewed political tensions as China is accusing the United States of stoking cybersecurity fears.
The Asian benchmark in Japan, the Nikkei 225 was up 0.12 percent. In Tokyo, the broader Topix index gained 0.17 percent higher. Shares of index blue chip Fast Retailing were up 0.4 percent this morning.
In South Korea, the Kospi composite index reversed early losses to move up above the flat line.
In The Down Under, the S&P ASX 200 was up 0.4 percent. Most sub-sectors were in the green. In Australian corporate news, shares of Blackmores shed over 22 percent. The maker of supplements said that there was a weaker outlook for the second half of 2019 thanks to weak sales in China.
Asian Traders wait on Trade News between the United States and China
In the headlines, regional traders are waiting for clarity regarding trade talks between the world’s biggest economic superpowers. The White House said, yesterday, that trade talks between the two nations will continue in Washington. They are scheduled for to start today. Higher level trade talks will start later this week.
On the mainland in China, the markets were higher this morning. The Shanghai composite was up 0.6 percent. The smaller Shenzhen composite gained 0.94 percent. The Shenzhen component was up 0.91 percent.
In Hong Kong, the Hang Seng index tacked on 0.43 percent.
