Global Market Report - September 19

Asian shares rebounded on Wednesday on rising optimism that the US and China can resolve their differences over trade

James Gard 19 September, 2018 | 10:59AM

Global Market Report

Asia

After many weeks of Asia-Pacific investors selling equities over trade war fears, there is now a renewed optimism that China and the United States can resolve their differences. A day after President Trump signed off $200 billion in new tariffs, China responded by slapping an equivalent tariff rate of 10% on US goods. Beijing said at the same time that China is open for business around the world, although Alibaba founder Jack Ma warned that the US-China trade spat would last 20 years.

Hong Kong’s Hang Seng index rose over 1% on the day, as did China’s Shanghai and Shenzhen exchanges.

Japan’s Nikkei caught the prevailing mood, despite the yen remaining steady after the Bank of Japan left monetary policy unchanged.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Bed Bath & Beyond Inc14.53 USD4.31
Danske Bank A/S80.30 DKK-2.36
Tesla Inc407.34 USD5.04

About Author

James Gard  is content editor for Morningstar.co.uk

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