dChan
Anonymous ID: 627162 March 13, 2019, 9:40 p.m. No.5673620   🗄️.is 🔗kun   >>3719 >>3914 >>4009

ASIA MARKETS: Asian Markets Give Up Early Gains On Weak China Industrial Data

 

Asian markets were mixed in early trading Thursday, as optimism after British lawmakers rejected a no-deal Brexit was tempered by poor economic data from China and a warning from President Donald Trump that the U.S. may walk away from trade talks with China.

 

Trump spoke about China on Wednesday in Washington, and said that while he was optimistic a deal will be reached, he may walk if terms are not to his liking. "We're making great deals, or we're not going to make them at all. We're going to go (with) tariffs," Trump said.

 

On Thursday, China's National Bureau of Statistics said industrial output slowed more than expected in January and February, suggesting China's economy is slowing down. Value-added industrial output in China rose 5.3% in the January-to-February period from the year before, compared to 5.7% a year ago and economists' projections of 5.5%. Thursday's reading was the slowest pace of growth in 17 years.

 

That sent stocks falling in mainland China. After early gains, the Shanghai Composite was last down 0.9% and the smaller-cap Shenzhen Composite was off more than 2%. Stocks in Hong Kong gave up early gains as well, and were last up only about 0.1%. Japan's Nikkei was up 0.6%, while South Korea's Kospi was about flat. Benchmark indexes in Taiwan and Singapore were slightly lower. Australia's S&P/ASX 200 was up about 0.1%.

 

Among individual stocks, SoftBank jumped in Tokyo trading after a report that it may lead a $1 billion investment in Uber Technologies' self-driving car unit. E-commers company Rakuten and Kobe Steel also rose. Oil producer CNOOC advanced in Hong Kong, while Apple suppliers AAC and Sunny Optical sank. LG Electronics rose in South Korea while Hyundai Motor fell. Mining and oil stocks, such as Rio Tinto and Beach Energy , rose in Australia.

 

On Wall Street, stocks secured their third straight gain on Wednesday after health care and technology companies rose. Boeing dipped briefly, but ultimately finished slightly higher, as the U.S. joined much of the world in grounding its 737 Max 8 aircraft after a fatal crash in Ethiopia on Sunday.

https://www.marketscreener.com/news/ASIA-MARKETS-Asian-Markets-Give-Up-Early-Gains-On-Weak-China-Industrial-Data–28161755/

 

Major Chinese cement company becomes latest to default on renminbi-denominated bonds; Anheuser-Busch InBev and SABMiller make merger official; employment data for U.K. improves.

 

https://www.institutionalinvestor.com/article/b14z9yn1brpbwy/daily-agenda-chinese-industrial-data-weak-but-consumption-rises

Anonymous ID: 627162 March 13, 2019, 9:57 p.m. No.5673818   🗄️.is 🔗kun

>>5673766

admit I struggled with the ramifications of what we all learned over last summer but once I decided to separate the product from the people who produce it, it was much easier.

That is harder to do with movies but I have not watched many of them since early 2000's. A few hear and there. That is going to be a mind-screw for many.