Shanghai stocks rebound on China's firm stance on trade tension
09 July, 2018, 08:41
Europe opened in the black on Friday, with London's benchmark FTSE 100 index gaining 0.3 percent. Germany's DAX gained less than 0.1 percent to 12,472.
Auto giants led the gains - buoyed by the headlines from Berlin - and tech stocks like Google parent company Alphabet and Facebook were also higher. S&P futures were down 0.2 percent while Dow futures fell 0.3 percent. Upbeat economic data and overnight gains on US stock markets helped temper concerns, though trading volume was light.
The benchmark Shanghai Composite Index dropped 0.92 percent, or 25.25 points, to 2,733.88, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 2.20 percent, or 34.33 points.
In total, nine out of the world's 10 worst-performing stock indexes this week were from the region, with the Hang Seng China Enterprises Index and Shanghai Composite Index sinking 4 percent or more through Thursday's close. Markets in Taiwan, Singapore and other Southeast Asian countries were lower.
Tokyo's Nikkei 225 jumped 1.1 percent to 21,788.13 in what appeared to be a technical rebound after a four-day losing streak.
"The market actually is acting very calmly", said Francis Lun, chief executive of GEO Securities Ltd.in Hong Kong.
But these could be just the first skirmishes in a trade war between the world's top two economies, with financial markets anxious about a knock-on effect on the wider global economy and the broader trading system.
The United States is set to impose tariffs on $34 billion of Chinese imports from 0401 GMT on Friday and has warned it may ultimately target over $500 billion worth of goods, or roughly the total amount the United States imported from China previous year.
"The Chinese side, having vowed not to fire the first shot, is forced to stage counter-attacks to protect the core national interests and interests of its people", a Ministry of Commerce spokesperson said after the tariffs were imposed.
The first to speak to the fans was the team's chief coach Stanislav Cherchesov who thanked all those who had supported the team. England trio Harry Kane , Kyle Walker and Harry Maguire are looking to guide their side to only their second World Cup final .
Iran, OPEC's third-largest producer, is facing USA sanctions on its oil exports that are prompting some buyers to cut purchases. On Wednesday Trump took to Twitter to accuse Opec of "driving prices higher" and insisted there "must be a two way street".
Al-Mazbouh was arrested early June at Cairo International Airport as she was on her way to board a flight out of the country. Mazbouh fiercely criticized the way she had been treated, claiming she was "harassed by taxi drivers and men in the street".
ZTE has promised to change its top management within 30 days of agreeing a $1.4 billion settlement with US authorities in June. Shares in the company are down more than 50% since the stock started trading in June after a two-month suspension.
Brazil midfielder Paulinho has left Barcelona to rejoin his former club Guangzhou Evergrande , the Chinese club have announced. Barcelona midfielder Paulinho has confirmed he has an offer to return to the Chinese Super League .
Brown himself said he had consulted the drivers about the changes to the team's structure, but Alonso disagrees that was the case. We closed a little bit of the gap to Renault , but the gap more closed on us from behind, so I think that's got to be the goal.
The biggest question hanging over the investigation right now is whether or not Trump will sit down with Mueller for an interview. Trump has said he does not see Cohen turning against him. "But you know that doesn't determine not going forward with it".
This Rosh Hashanah (Jewish New Year) it will be transferred to the custody of the family", the espionage agency said. She said that she was pleased to have it, "I felt it was part of his body, his blood is on that watch".
For now Ford says it will not increase its manufacturer's suggested retail price or MSRP, for its lineup of cars sent to China. Past year the brand sold 54,124 vehicles in China, the world's largest auto market, up 66 percent from 2016.
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