Global Market Report - November 27

Asia and Europe markets were mixed today as trade war fears resurfaced ahead of the G20 Summit at the end of this week

James Gard 27 November, 2018 | 10:59AM

Global Market Report

Asia

After Monday’s strong gains for the Hong Kong stock market, the Hang Seng flagged today. It was a similar picture in China, where the CSI 300 and the Shanghai Composite Index dipped. Once again, the issue of trade tariffs has raised its head, with President Trump threatening more taxes on Chinese goods. The lack of a strong market reaction in Asia could suggest that such threats are losing their power to move asset prices. The real action will be at the G20 Summit this weekend, where Trump and China’s Xi Jinping will come face to face.

Renewed weakness in the Japanese yen against the dollar helped Japan’s indices post gains under 1%.

Europe

Equities in Europe took their cue from Asia’s mixed performance rather than the rebound on Wall Street. France and German exchanges were off modestly, while Italy’s FTSE MIB could not repeat yesterday’s performance.

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About Author

James Gard  is content editor for Morningstar.co.uk

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