DJIA39807.37
LIVE47.29(0.12%)
NDX18254.69
LIVE-26.15(-0.14%)

China Yuan Drops to 8-Mth Lows, Stocks Slide as Trump Slaps On More Tariffs


Friday, 2 August 2019 15:52 WIB

HANG SENGSahamHongkongSahamChinaIndeks Shanghai Composite


Chinese markets slumped on Friday, with investors rushing for cover after U.S. President Donald Trump slapped fresh tariffs on China citing a lack of progress in their trade talks.

Trump said on Thursday he would impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1, breaking a ceasefire in the trade war since his meeting with Chinese President Xi Jinping at the G20 summit in June.

The U.S. leader said Xi was moving too slowly in the negotiations, after being briefed by U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on their meeting with Chinese officials this week, which were the first such in-person talks since the June trade truce.

Chinese shares plummeted with the Shanghai Composite Index falling 1.4%, down 2.6% for the week. The blue-chip CSI300 fell 1.5%. In Hong Kong, the Hang Seng Index shed 2.4% and H-shares 2.7% as of 07:44 GMT.

As investors sought sanctuary from volatility in safer assets, the 10-year Chinese government bond yield fell to 3.1%, its lowest since early April.

Source : Reuters


RELATED NEWS

  • Nikkei Tokyo shares ended lower on Thursday after investors locked in dividend rights during the previous session. The benchmark Nikkei 225 index dropped 1.46 percent, or 594.66 points, to close at ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.