Global Market Report - August 28

Markets were modestly higher across the board as the US appeared to make a breakthrough in its trade negotiations with Mexico

James Gard 28 August, 2018 | 11:00AM

Global Market Report

Asia

President Trump’s apparent breakthrough in trade talks with Mexico have been taken by the market as a negative for China. Negotiations between the United States and China appear to have stalled and this is continuing to harm sentiment towards Chinese equities, which slipped back today after a positive start to the week. The Shanghai Composite Index was marginally lower today at 2,777 points and looks set to end the month of August lower than at the start.

China manufacturing and non-manufacturing figures are due at the end of the week.

The rest of the Asia-Pacific region performed better, although gains were modest: Hong Kong’s Hang Seng was up 80 points or 0.28% to 28,351, while Japan’s Nikkei 225 closed up just 0.06% higher at 22,813. Australia’s All Ordinaries was one of the better performing stock markets in the wider region, but again gains were limited to below 1% on the day.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
NMC Health PLC  
Tiffany & Co121.99 USD6.51

About Author

James Gard  is content editor for Morningstar.co.uk

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