Asian stocks are mixed after U.S. President Donald Trump’s latest comments on tariffs raised uncertainty in Chinese markets.
China and Hong Kong stocks fell on Wednesday after U.S. President Donald Trump hinted at new tariffs on Chinese imports, ending a brief reprieve for the markets. China's blue-chip CSI 300 Index and the Shanghai Composite Index both declined 0.
A gauge of Asian shares snapped a two-day gain, with Korean chipmakers SK Hynix Inc. and Samsung Electronics Co. weighing as the nation’s markets reopened after the Lunar New Year holidays.
Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc.
Saturday could be the best indication so far, when Trump has promised to slap neighbours Canada and Mexico with 25% levies until both illegal migrants and the drug fentanyl stop crossing their borders. In scope for tariffs are a combined trillion dollars of U.S.-bound shipments a year.
A barrel of Brent fell to USD76.26 early Friday from USD77.18 at the time of the London equities close on Thursday. An ounce of gold rose to USD2,794.27 from USD2,793.57. Gold rose as high as USD2,799.86 on Friday, its best level.
Market Overview Analysis by Newsquawk Voice Ltd (Ryan Anderson) covering: US Dollar Canadian Dollar. Read Newsquawk Voice Ltd (Ryan Anderson)'s latest article on Investing.com
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