Showing posts with the label Europe & US Markets Closing Reports.
ASIA cnbc.com Asia markets jump amid US-China trade talks Eustance Huang 6-7 minutes Stocks in Asia gained on Monday as investor sentiment picked up slightly amid a new round of trade negotiations between the United States and China in Beijing. Japan’s Nikkei 225 bounced 2.44 percent to close at 20,038.97 while the Topix jumped 2.81 percent to finish its trading day at 1,512.53. Shares of automaker Toyota gained 3.15 percent. South Korea’s Kospi gained 1.34 percent to close at 2,037.10 as shares of steelmaker Dongbu Steel skyrocketed almost 30 percent after the company announced plans to issue new shares to draw new investment. Samsung shares rose 3.47 percent. Australia’s benchmark ASX 200 was up 1.14 percent to close at 5,683.20 as most sectors saw gains. The materials subindex advanced 2.22 percent as shares of major miners rose; Rio Tinto
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ASIA cnbc.com China rebounds on trade hopes as Japan slips more than 2 percent Eustance Huang Asia markets were mostly higher on Friday as developments on the U.S.-China trade front overcame fears of a slowdown in the global economy which resulted in sharp declines in stocks stateside overnight. The Chinese mainland markets rebounded strongly after an earlier slip. The Shanghai composite bounced about 2.05 percent higher to close at around 2,514.87 and the Shenzhen composite jumped 2.658 percent to finish its trading day at approximately 1,279.49. The Shenzhen component rose 2.756 percent to close at about 7,284.84. Hong Kong’s Hang Seng index extended gains to rise about 2 percent, as of its final hour of trade. The positive moves in China came after the country’s commerce ministry announced that vice ministerial level trade talks with the U.S. would be held